Hyderabad gets India's first CoE for gaming, VFX, computer vision and AI

In a bid to boost the gaming, VFX industry, the Software Technology Park of India (STPI) has set up IMAGE, a centre of excellence (CoE) for gaming, VFX, computer vision and AI in Hyderabad on Monday. This is also the first Incubation centre for companies focussed on IP in Gaming, VFX, Artificial Intelligence, Computer Vision set up by STPI. Spread over 10,000 Square feet, the IMAGE CoE, which is inside the existing STPI facility targets to incubate up to 25-30 startups per year for the next five years. It will be investing a total of Rs 19.68 crore over a period of 5 years for the CoE in addition to existing infrastructure in the STPI facility. STPI-IMAGE also signed MoU with five partners TVAGA (Telangana VFX, Animation and Gaming Association), Hyderabad Angels, HYSEA, IIIT- Hyderabad, and TiE Hyderabad with an objective to nurture and promote start-ups and budding entrepreneurs by offering resources like mentoring, technology support, infrastructure like Plug & Play Incubation, Mocap, CVAI labs and funding.