Kerala Startup Mission, the nodal agency of the Kerala state government for technical entrepreneurship, announced partnership with San Francisco, California-based game development company, Unity Technologies, to launch a Centre of Excellence (CoE) for AR/VR and gaming, in order to help the startup culture boom in the gaming and Augmented Reality (AR) & Virtual Reality (VR) sectors.
With this upcoming CoE, Unity will extend support to startups in developing products, services and games on platforms including mobiles, PCs and various AR/VR hardware and thereby offering opportunities for those in Kerala and other states who are looking to launch or boost startups in the virtual reality and gaming industries.
AM Sivasankar, Secretary, Department of IT and Electronics, said “The AR/VR market is expected to witness huge growth globally in the next six years. This Centre of Excellence is a step towards creating an ecosystem for new businesses to grow and cater to the global demand.”
Unity, which is powering 60% of all AR/VR content at upcoming CoE, is backed by investors including Sequoia Capital, WestSummit Capital, and iGlobe Partners, and aims to “democratize game development” and make development of 2D and 3D interactive content as accessible as possible to as many people around the world as possible.
In line with the Knowledge City initiative of Government of Kerala, KSUM has a special emphasis in promoting startups working in various emerging technologies like AI, Cyber Security, AR/VR etc.
According to a Market Pulse Report on AR and VR, there are 170 Augmented Reality (AR) and Virtual Reality (VR) startups in India, 60% of which launched in the past 24 months. In India, only 5% AR/VR startups have received any form of capital investment of $1-1.5 million and only a handful have raised any seed/angel capital.
Few days back, Kerala has also launched India’s largest startup ecosystem hub in Kochi. With a space of 1.8-lakh-square-feet, the facility will house startups for incubation across a string of segments in modern technology.
Last month, KSUM, along with Cochin Cancer Research Centre (CCRC), have partnered to launch India’s first Cancer Tech focused startup incubator in Kochi called “Centre for Biomedical Research, Innovation and Commercialization in Cancer” (BRICS). The upcoming incubator will support in converting research into entrepreneurship in the cancer care sector. It will also get research support from University of Illinois, which have recently signed an MoU with Kerala.
In November, KSUM has signed a Memorandum of Understanding (MoU) with Airbus Group for setting up BizLab facility in Thiruvananthapuram city and the facility is second Bizlab center in India after Bengaluru and fifth globally. Airbus Bizlab already has four startup accelerator sites globally.
Besides, a space tech park is also coming up in Kerala and for same the state government has already tied up with Indian Space Research Organisation (ISRO) in March this year.
Source – BGR
[Top Image – Unity Shanghai Office, Via – YouTube]