Center of Excellence for IPs in gaming inaugurated, MoUs signed

MUMBAI: Centre of Excellence (CoE) the country's first incubation centre for companies focussed on IP in Gaming, VFX, Artificial Intelligence, Computer Vision set up by Software Technology Park of India and backed by MeitY and The Government of Telangana was inaugurated on Monday. The CoE also signed memorandums of understanding (MoUs) with 5 partners TVAGA (Telangana VFX, Animation and Gaming Association), Hyderabad Angles, HYSEA, and IIIT- Hyderabad to provide resources like mentoring, technology support, infrastructure and funding. The start-ups will be mentored by a group of industry professionals and academics, led by the Chief Mentor, a Governing Council (GC) and Project Management Group (PMG). A total investment of 19.68 Crore will be spent over a period of 5 years in addition to existing infrastructure in the STPI facility. Start-ups on selectio will be assisted with a seed fund of Rs. 5 lakhs after due diligence by the PMG.