India's first Centre of Excellence for gaming, VFX launched in Hyderabad
IMAGE, India's first Centre of Excellence(CoE) for gaming, VFX, computer vision, and artificial intelligence (AI) was launched in Hyderabad on Monday. This is also the first incubation centre for companies focused on IP in gaming, VFX, AI, computer vision set up by Software Technology Park of India (STPI). At the launch of the facility, STPI-IMAGE signed MoUs with five partners - Telangana VFX, Animation and Gaming Association(TVAGA), Hyderabad Angels, Hyderabad Software Exporters Association (HYSEA), and IIIT-Hyderabad, with an objective to promote start-ups and budding entrepreneurs by offering mentoring, technology support, infrastructure and funding among others. The 10,000 square feet IMAGE-CoE, located inside the existing STPI facility, plans to incubate up to 25-30 start-ups per year for the next 5 years. A total investment of Rs 19.68 crore would be spent over a period of 5 years for the CoE in addition to existing infrastructure in the STPI facility. Read More ...