The Ministry of Information and Broadcasting announced on Wednesday that the startup accelerator platform WaveX will set up seven new incubation centres across India.
These centres will support startups working in animation, visual effects, gaming, comics (AVGC), and extended reality (XR).
The new facilities will be located at Indian Institute of Mass Communication campuses in Delhi, Jammu, Dhenkanal (Odisha), Kottayam (Kerala), and Amravati (Maharashtra), as well as at the Film and Television Institute of India (FTII) in Pune and the Satyajit Ray Film and Television Institute (SRFTI) in Kolkata. These complement the existing incubation centre at the Indian Institute of Creative Technologies (IICT) in Mumbai.
Moreover, the centres will provide startups with access to advanced production, post-production, and game development tools through IICT, FTII, SRFTI, and other partner incubators. Additionally, each centre will select 15 startups for its inaugural cohort, ensuring focused support and mentorship for the chosen ventures.
Monthly fees are set at ₹8,500 plus GST, with priority given to ventures in media, entertainment, AVGC, and XR.
WaveX incubation centres aim to enable startups to design, develop, and test content in film, gaming, and immersive media to global standards. The flagship IICT Incubator in Mumbai boasts world-class infrastructure, including an 8K Red Raptor Vista Vision camera, a 4K HDR preview theatre with Dolby Atmos, high-performance Alienware workstations, a virtual production stage with LED walls, photogrammetry systems, professional sound and color-mix theatres, 4K HDR edit suites, VR testing kits, and the latest gaming consoles.
Startups can access resources both on-site and digitally. Selected startups will also benefit from incubation facilities, industry and government connections, funding support, and guidance in sales and marketing.
