Online Social media network Facebook is now looking forward to understand the Indian market for VR-technology. Thus the company is partnering with technology incubation centre T-Hub to push its VR technology product Oculus.
Setting up an India Innovation Hub
Facebook is currently wanting to set up an India Innovation Hub in association with T-Hub, incubator set up by the Telangana government, which will work with 10 VR-centered new companies and will give them access to Facebook’s VR Innovation lab as a major aspect of the six-month accelerator programme.
Planning to Introduce School of Innovation Programme
Facebook likewise presented the School of Innovation program in the organization with Startup Village Collective, wherein 10 groups of engineering students will get the chance to fabricate a cutting edge item thought to utilize VR.
“It will take time for VR to grow in India but we want to be there when it happens,” said Ashutosh Jhaveri, vice-president of business development for Facebook.
Virtual Reality in India
“There are over 450 companies in VR in India, as per my understanding. Entrepreneurs are visualizing jet engines to applications for fitness. The power of the platform is you can build anything,” Jhaveri said.
“We are excited about the potential of VR here. I think as we get going in the ecosystem, there will be numerous partnerships (for Facebook) here,” he said.