New Delhi, June 28 : Meta on Wednesday announced a new Mixed Reality (MR) programme in India that includes a grant of $250,000 for the homegrown startups and developers to build apps and experiences.

Meta’s Presence Platform is a range of machine perception and AI capabilities for the Meta Quest Platform and the company’s dream of the Metaverse. With the fund, it hopes to foster innovation and nurture an ecosystem of extended reality technologies in the country. 

Under the program, up to five Indian developers and startups will get a financial grant as well as mentoring and guidance from Reality Labs experts in the company.

The program will also give them an opportunity to become part of Meta’s developer ecosystem and upload their product to the Quest App Lab. The company also says that selected startups will also get an introduction to “leading” local venture capital funds at the end of the program.