AIC-SMU TECHNOLOGY BUSINESS INCUBATION FOUNDATION : About






Meta Starthub

XR Startup
Program

A program to discover, nurture, and accelerate
XR technology startups across India.

Implementation partner


Accelerator

The Accelerator will nurture and foster 10 early stage startups working with XR technologies through a well-designed 6-month program. It is a part of the XR Startup Program, a collaboration between Meta and MeitY Startup Hub, and will be run and managed by the AIC-SMU Technology Business Incubation
Foundation (AIC-SMUTBI)

Apply Now!

Application end date:
September 9, 2022, 11:59 PM (IST)

Why should you apply?

Grant of ₹ 20,00,000 during the course of 6-month program

Mentorship by industry experts and researchers

Access to a network of potential strategic partners and investors

Opportunities to participate and present at industry events

Access to technology and infrastructure support

Who should apply?

  • Early stage startups building products or solutions (software applications, services, or hardware) based on XR technologies
  • The startup should have at least 1 full-time founder
  • The startup should be in the prototype/ minimal viable product/ pre-revenue stage
  • Startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) or eligible and willing to be registered with DPIIT

Apply Now!

Application end date:
September 9, 2022, 11:59 PM (IST)

Key target outcomes

  • Increased revenues
  • Increased valuation
  • Follow-on investments
  • Refined version of products


Program timeline

Application Start Date
August 10, 2022, 9:00 AM (IST)
Application end date
September 9, 2022, 11:59 PM (IST)
Notification of results
October 2022
Commencement of 6-month accelerator program
October 2022
Note: Dates/ timelines are subject to change. Kindly check this site regularly for the latest information.

Mentors

Knowledge partners


Frequently Asked Questions


Eligible startups can click here to submit the application form and provide the required information such as startup details, a pitch deck (link to an indicative format can be found here funds raised etc. Reference copy of the application form can be downloaded from here.


Startups working on Extended Reality (XR) technologies that fulfill the eligibility criteria mentioned above and detailed in the terms and conditions, available here can apply.


T&Cs of the Accelerator can be found here.


AIC-SMUTBI will establish a 3-member panel to evaluate and select the applications. Applications will then be discussed with the steering committee established by Meta in collaboration with MSH. Selected startups will be informed by AIC-SMUTBI. For detailed information, refer to T&Cs.



  • Does the product/ solution have a high degree of innovation/ novelty compared to any existing products/ solutions?
  • Will the product, if commercialized, achieve a positive societal, economic, environmental impact and business opportunity at scale?
  • Capability and potential of the startup team in XR technology

In the event of a tie between two applicants for one spot, capital raised from external sources will be considered.
For more details, refer to T&Cs.



10 startups will be supported and provided with the program benefits. In order to avail them, the selected startups must attend, participate, and complete the 6-month accelerator program.



For any further information, drop an email to contact@smutbi.com



Yes, pitch days will be organized as part of the 6-month accelerator program to provide access to potential strategic partners and investors to all the startups.



No, you can apply to only 1 implementation partner under the XR Startup Program. For further details, refer to T&Cs.



All the program benefits mentioned on this page above shall be made available to the selected startups by AIC-SMUTBI. For further details, refer to T&Cs.


About AIC-SMUTBI

AIC-SMU Technology Business Incubation Foundation nurtures and incubates early stage entrepreneurial ventures based on technology and innovation by providing infrastructure, mentorship and seed grants to promising young entrepreneurs to pursue their dreams of starting their own venture. AIC-SMUTBI persistently encourages young entrepreneurs to hone their skills in generating valued human resources rather than the traditional manpower that feeds need of the industry.

Get in touch
Email – contact@smutbi.com
Phone – +91 7063819616
Hours of contact – 9:00 AM – 5:00PM (All working days)
Apply Now!