Meta launches $250K mixed reality fund for 5 Indian startups

Meta launches $250K mixed reality fund for 5 Indian startups: Meta declared a fresh Mixed Reality program in India that has an award of $250,000 for homegrown new companies and developers to construct applications and experiences. The fund seeks to nurture innovation and build an ecosystem of extended reality (XR) technologies in the country, the company said in a statement.

They can assemble applications utilizing the expansive scope of machine perception, and AI capabilities for the Meta Quest Platform and Metaverse

Aim: To foster innovation and establish a national XR technology ecosystem.

A selected group of 5 Indian developers and new companies will get a monetary grant.