Why in news?
 
WAVES initiative, has launched seven new incubation centres across India. These centres aim to support startups in the Media, Entertainment, AVGC (Animation, Visual Effects, Gaming, Comics), and XR (Extended Reality) sectors.
 
About WAVEX
WAVEX 2025 is a flagship startup initiative under the World Audio-Visual Entertainment Summit (WAVES), launched by the Ministry of Information & Broadcasting (MIB) in collaboration with the Internet and Mobile Association of India (IAMAI).
 
Key points about WAVEX 2025:

• Purpose and Vision: WAVEX 2025 aims to nurture startups in the media and entertainment (M&E) sector by providing national exposure, investment opportunities, mentorship, and networking with industry leaders.
• Focus Areas: WAVEX targets startups focusing on gaming, animation, extended reality (XR), metaverse, generative AI, next-generation content platforms, and emerging entertainment technologies.
• Investment Opportunities: The event features two pitching sessions – one with venture capitalists and angel investors, and another with celebrity angel investors – culminating in a televised finale for maximum visibility.
• Mentorship and Networking: Selected startups benefit from structured mentorship programs, investor networking, and collaboration opportunities with major media and tech firms.
• Strategic Impact: WAVEX is changing the funding mindset in media and entertainment by encouraging investor interest in this sector and aiming to build a dedicated angel network for M&E startups, including exploring global collaborations.
• Applications and Access: Entrepreneurs seeking exposure, funding, and mentorship can apply through the official platform at WAVEX.

These points encapsulate WAVEX 2025 as a catalytic platform accelerating innovation, entrepreneurship, and investment in India's media-tech startup ecosystem, driving transformative growth and global leadership in digital content and entertainment technology.

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