Saturday, June 10, 2023

Open Challenge Program on AR VR by IIT Bhubaneswar (India)


If you a start-up, looking for an opportunity to win an amazing grant, IIT Bhubaneswar is calling for applications. You can check the Eligibility Criteria for more information.

Sponsoring Agency: IIT Bhubaneswar

Type of Fund: Competition

Deadline: January 26, 2022


Virtual and Augmented Reality Centre of Excellence (VARCoE), IIT Bhubaneswar invites applications for start-up on boarding. This 1st Open Call will support 20 best submissions led and executed by start-ups, actively involved in research, development, and application activities related to ARVR.

The selected projects should have the potential to entail a substantial advance in the state of the art, delivering new services with the potential to improve the solutions based on ARVR and the ability to reach the market in the short run. The open call is divided into four participation tracks. Applicants must apply for one of them.

Eligibility Criteria

The following recipients can apply:

  • Startups
  • Entrepreneurs
  • Business owners
  • Founders

Funding Information

You must know:

  • Onboarding of start-ups in the VARCoE premises of IIT Bhubaneswar campus (In campus mode and virtual mode)
  • Access to other funding/Investment from Govt organizations up to the tune of 25 Lakhs. This will be based on periodic review after six months of the incorporation of start-up under VARCoE.
  • Seed grant supports up to 10 Lakhs as well as Infrastructure, library, and laboratory access provisioning for 10 best proposals as well as provisioning for In-campus mode onboarding.
  • Access to private investment: A network of corporate and private investors engaged to select and invest in promising companies with great go-to-market and growth potential.

For more information, visit here.


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