Facebook has partnered with T-Hub, a startup incubator, to roll out the India Innovation Hub Accelerator Programme to foster innovation in augmented reality/virtual Reality (AR/VR) space.
T-Hub is a public/private partnership between the government of Telangana and 3 academic institutes (IIIT-H, ISB & NALSAR).
Both Facebook and T-Hub will help selected start-ups in the field with cutting edge technology to scale using innovation programmes, global outreach and technology depth as reported by BGR.
The qualified start-ups will work with the FB Start programme and will be able to access T-Hub’s network of mentors, industry experts, investors, service providers and community/ecosystem.
According to Satyajeet Singh, head of platform partnerships, Facebook India and South, through its accelerator programme with T-Hub, Facebook will aim to provide the right support, training and mentorship to the start-ups.
Jay Krishnan, CEO, T-Hub said: “The Indian AR/VR market yet nascent is expected to grow at a compound annual growth rate (CAGR) of 76 percent over the next five years, fuelled by demand from business and consumer sectors. Our intent, as an ecosystem enabler is to partner with pioneers like Facebook and explore new frontiers that are relevant for India like healthcare, education etc with AR/ VR and XR."
T-Hub previously in association with Uber launched and UberExchange Program. Facebook India also unveiled two programmes to provide digital training to entrepreneurs and SMBs last year.