Facebook joined hands with T-Hub to launch a tech-centric accelerator named India Innovation Hub, which will work with 10 Virtual Reality focused startups to help their business in new and innovative ways. A part of Facebook’s effort to augment India’s digital economy, the series of accelerator programmes will benefit Indian tech startups, developers and students to build products using emerging technologies like Virtual reality.
What is T-Hub:
T-Hub is a unique public/private partnership between the government of Telangana and 3 of India’s premier academic institutes (IIIT-H, ISB & NALSAR) and key private sector leaders. It stands at the intersection of the start-up, academic, corporate, research and government sectors.
Satyajeet Singh who is heading Platform Partnerships, Facebook India and South Asia, said at the Global Entrepreneurship Summit in Hyderabad “At Facebook, we are committed to investing in the future of India’s digital economy. We know from experience how fast great ideas can thrive when startups are given the opportunity to grow and learn from each other.”
Having made the announcement at the Global Entrepreneurship Summit in Hyderabad, Facebook explained that each startup will get access to training, mentors, workshops, research and Facebook’s VR Innovation lab as part of the six-month accelerator programme.
Facebook Training Program:
To help foster future talent in emerging technologies, Facebook is also introducing the School of Innovation programme in partnership with Startup Village Collective. Ten student teams will be selected from millions of engineering students across the country to build a next-generation product idea using VR. The teams will participate in a 20-week programme that includes online and in-person learning to flesh out their ideas, build a low and high-fidelity prototype, and finally launch in the market.