Wed Oct 29 06:24:13 UTC 2025: Okay, here’s a summary of the provided text and a rewritten version formatted as a news article:

Summary:

The Indian government is taking steps to boost the country’s startup ecosystem. Startup accelerator WaveX is partnering with T-Hub to establish up to 10 incubation centers nationwide focused on the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC XR) sector. This initiative is part of the Ministry of Information and Broadcasting’s WAVES program. Separately, T-Hub is also partnering with the Indian School of Business (ISB) to launch “AI Factory,” a platform dedicated to supporting AI-led, deep-tech startups with incubation, mentoring, and access to resources. Both partnerships aim to provide startups with the resources, mentorship, and infrastructure needed to scale and contribute to India’s growing creative and technology sectors.

News Article:

India Invests Heavily in Startup Ecosystem with New AVGC-XR and AI Initiatives

Hyderabad, October 29, 2025 – In a significant move to bolster India’s burgeoning startup landscape, two major initiatives were announced yesterday aimed at nurturing innovation in the creative and technology sectors.

WaveX, a startup accelerator platform under the Union Ministry of Information and Broadcasting (I&B), has partnered with T-Hub, a leading global startup hub based in Hyderabad, to establish up to 10 incubation centers across India. These centers will focus on supporting startups in the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC XR) sector, which is experiencing rapid growth and is poised to become a major driver of the Indian creative economy.

The memorandum of understanding (MoU) was signed by the CEOs of WaveX and T-Hub in the presence of I&B Secretary Sanjay Jaju and Telangana’s IT Secretary Sanjay Kumar. The partnership falls under the Ministry’s WAVES initiative designed to foster innovation in the media and entertainment industries.

“WaveX has been conceptualized as a national accelerator platform to nurture startups and empower creators in media, entertainment and immersive technology,” said Secretary Jaju. Telangana’s IT Secretary Kumar added that the partnership would create a nationwide ecosystem for creative entrepreneurship, helping young creators transition into organized business units and scale globally.

In a separate announcement, T-Hub revealed a partnership with the Indian School of Business (ISB) to launch “AI Factory,” an initiative dedicated to supporting AI-led, deep-tech, and research-driven startups. This platform will provide startups with incubation, mentorship, and access to resources from both T-Hub and ISB’s DLabs incubation arm.

“AI Factory is India’s first-of-its-kind platform focused on transforming India’s potential in the Artificial Intelligence space into market-ready, scalable ventures,” according to a joint statement. The initiative aims to accelerate the development and deployment of AI solutions in sectors such as healthcare, sustainability, digital transformation, and industrial AI. Startups will gain access to T-Hub’s network and ISB’s academic expertise and research capabilities.

These partnerships represent a significant investment in India’s future, providing a structured ecosystem for startups to thrive and contribute to the country’s growing creative and technology sectors. The initiatives are expected to attract talent, drive innovation, and position India as a global leader in AVGC-XR and AI technologies.

Read More