WaveX, IICT Launch Media Tech Startup Incubator for AVGC-XR Sector

WaveX, the startup accelerator program of Ministry of Information and Broadcasting in collaboration with the Indian Institute of Creative Technologies (IICT) has announced the launch of a dedicated Media Tech Startup Incubator aimed at nurturing high-potential ventures in the rapidly evolving media and entertainment space. The incubator will provide a dedicated nurturing ecosystem for the startups in the AVGC-XR sector which includes Audio, Visual, Comics, Gaming and Extended Reality. The initiative will provide structured mentorship, cutting-edge infrastructure, strategic advisory, and real-world testing opportunities through government media unit partnerships-helping startups scale and commercialize effectively.

The incubator will operate on a two-phase model

• Active Phase; Intensive support in business modelling, product development, pitching, branding, fundraising, and media regulations, with sandbox testing opportunities in OTT, VFX, VR, gaming, animation, publishing, and post-production.
• Passive Phase: Global showcases through Waves Bazaar, focus on lighter mentorship, investor engagement and industry associations.

Various facilities will be provided such as co-working spaces, AV/digital labs, hosting servers, high-speed LAN/Wi-Fi, AWS/Google Cloud credits and India AI compute services in near future. Programs will feature masterclasses by global leaders from Google, Microsoft, Amazon etc, along with focused bootcamps, policy clinics, and investor connect sessions.

WAVEX will oversee the governance of the program with quarterly reviews under the mentorship of the Ministry of I&B. 15 startups will be selected for the first batch in IICT campus with a fee of ₹ 8500 + GST per month.

Applications for the first cohort are open until 7th September, 2025. Interested startups can apply by logging into wavex.wavesbazaar.com, navigating to the dashboard, selecting “Register for Incubation,” filling out the application form, providing the required details, choosing their preferred incubator location, and submitting their application online.