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Friday, May 1, 2026 12:35 AM

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Netflix joins hands with IICT and FICCI to nurture India’s next-gen creative tech talent

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Streaming leader Netflix has entered into a strategic partnership with the Indian Institute of Creative Technology (IICT) and FICCI to build and strengthen the pipeline of creative-technology professionals in India. The memorandum of understanding (MoU) was signed during the 25th edition of FICCI Frames, marking a major step toward advancing India’s AVGC-XR (Animation, Visual Effects, Gaming, Comics, and Extended Reality) ecosystem. Under this collaboration, Netflix will utilize its Fund for Creative Equity to provide scholarships to selected students identified jointly with IICT. The fund aims to empower underrepresented talent in the media and entertainment industry by offering equitable learning and career opportunities. As part of the initiative, Netflix will actively participate in three of IICT’s national councils — R&D, Academic, and Industry Development — to foster synergy between academia, industry experts, and policymakers in shaping the future of India’s creative technology sector. Mahima Kaul, Director of Global Affairs, Netflix India, said the partnership is designed to strengthen the country’s AVGC sector and empower young creators. “Through this collaboration, we aim to equip aspiring storytellers and innovators with world-class tools and opportunities to fuel creativity and drive India’s digital entertainment economy,” she said. Dr. Vishwas Deoskar, CEO of IICT, emphasized that the alliance bridges the gap between academic learning and real-world industry experience. “By offering mentorship, practical exposure, and access to global best practices, we are preparing the next generation of creative technologists to thrive in the evolving AVGC-XR landscape,” he noted. Munjal Shroff, Chairman of the FICCI AVGC-XR Forum, added that the initiative will position India as a global hub for creative technologies. “This partnership not only builds future-ready talent but also fuels innovation and lays the foundation for sustainable growth in the sector,” he said. Source: PTI

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WaveX Expands with Seven New Incubation Centers for Media, Entertainment & AVGC-XR Startups

WaveX, the startup accelerator platform under the Ministry of Information & Broadcasting’s WAVES program, has unveiled seven new incubation centers across India, strengthening its commitment to nurturing startups in Media, Entertainment, and the AVGC-XR (Animation, Visual Effects, Gaming, Comics, and Extended Reality) ecosystem. This expansion builds on the flagship incubator at the Indian Institute of Creative Technologies (IICT), Mumbai, marking India’s first dedicated nationwide incubation-cum-acceleration initiative tailored for this sector. New Incubation Hubs The fresh incubation centers will be hosted at: Indian Institute of Mass Communication (IIMC), Delhi IIMC, Jammu IIMC, Dhenkanal (Odisha) IIMC, Kottayam (Kerala) IIMC, Amravati (Maharashtra) Film and Television Institute of India (FTII), Pune Satyajit Ray Film and Television Institute (SRFTI), Kolkata With this network, startups will have access to cutting-edge facilities for film production, game design, editing, and immersive content creation. IICT Mumbai already boasts world-class infrastructure, including an 8K Red Raptor Vista Vision camera, Dolby Atmos-enabled 4K HDR preview theatre, high-performance Alienware workstations, LED-wall-based virtual production stages, photogrammetry systems, sound and color-mix studios, 4K HDR editing suites, VR testing kits, and next-gen gaming consoles. Comprehensive Startup Support WaveX incubatees will benefit from: Co-working zones, digital/AV labs, and professional studios High-speed connectivity, hosting servers, AI compute services, and cloud credits (AWS/Google) Sandbox testing across OTT, gaming, VFX, animation, and immersive media Expert mentorship, global masterclasses, and curated investor-connect sessions Partnerships with IITs, T-Hub, and other incubators for cross-learning opportunities Additionally, selected startups may collaborate with I&B Ministry media wings such as Doordarshan, AIR, FTII, PIB, Publications Division, New Media Wing, and EMCC, with the possibility of receiving priority in outsourced projects. Application Details Batch Size: 15 startups per center Fee: ₹8,500 + GST per month Eligibility: Media, entertainment, and AVGC-XR startups preferred How to Apply: Submit applications at wavex.wavesbazaar.com under the “Apply for Incubation” option. Source: PIB

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