<p>Bengaluru: The Karnataka government has drawn up a draft policy for the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) sector, which envisions creating 30,000 jobs in the next five years. The policy was tabled at the inauguration of the 26th Bengaluru Tech Summit on Wednesday.<br><br>With an eye on becoming a global leader in the sunrise sector, the state government is set to provide upskilling opportunities to create a robust talent pool and is targeting exports that will generate 80 per cent of the sector’s revenue. To this end, the government wants to constitute a skill advisory committee that will create industry-relevant curriculum and provide vocational training in the sector through partnerships with industry and academia. It will also provide reimbursements for skill development and job creation.<br><br>Establishment of a physical infrastructure for the sector has also been proposed in the draft policy by expanding the centre of excellence for AVGC, establishing a separate one for gaming, and the development of an AVGC-XR Park as a Special Economic Zone.</p>.Karnataka attracts 62 investment projects worth over Rs 3,000 crore.<p>The government is also looking to provide financial support to entrepreneurs and startups through various initiatives like the creation of a AVGC Venture Fund (KITVEN AVGC FUND) to support early-stage startups through covering costs for marketing, infrastructure and compliance. It will offer grants for production of animation films, series, VR/AR/VFX projects, and game development, along with research and development incentives for technological innovation, with an aim to attract investments and stimulate startup growth.</p><p>To ensure regulatory hurdles don't hinder innovation, the government has proposed to create regulatory sandboxes that will allow innovative technologies to be tested in a safe environment. The policy also aims to streamline the process for international collaborations and market access to ensure easier entry into global markets for Karnataka-based companies.<br><br>The policy has also given special focus to environmental sustainability and inclusivity through incentivising adoption of green technologies and practices and the participation of marginalised groups and genders. </p>
<p>Bengaluru: The Karnataka government has drawn up a draft policy for the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) sector, which envisions creating 30,000 jobs in the next five years. The policy was tabled at the inauguration of the 26th Bengaluru Tech Summit on Wednesday.<br><br>With an eye on becoming a global leader in the sunrise sector, the state government is set to provide upskilling opportunities to create a robust talent pool and is targeting exports that will generate 80 per cent of the sector’s revenue. To this end, the government wants to constitute a skill advisory committee that will create industry-relevant curriculum and provide vocational training in the sector through partnerships with industry and academia. It will also provide reimbursements for skill development and job creation.<br><br>Establishment of a physical infrastructure for the sector has also been proposed in the draft policy by expanding the centre of excellence for AVGC, establishing a separate one for gaming, and the development of an AVGC-XR Park as a Special Economic Zone.</p>.Karnataka attracts 62 investment projects worth over Rs 3,000 crore.<p>The government is also looking to provide financial support to entrepreneurs and startups through various initiatives like the creation of a AVGC Venture Fund (KITVEN AVGC FUND) to support early-stage startups through covering costs for marketing, infrastructure and compliance. It will offer grants for production of animation films, series, VR/AR/VFX projects, and game development, along with research and development incentives for technological innovation, with an aim to attract investments and stimulate startup growth.</p><p>To ensure regulatory hurdles don't hinder innovation, the government has proposed to create regulatory sandboxes that will allow innovative technologies to be tested in a safe environment. The policy also aims to streamline the process for international collaborations and market access to ensure easier entry into global markets for Karnataka-based companies.<br><br>The policy has also given special focus to environmental sustainability and inclusivity through incentivising adoption of green technologies and practices and the participation of marginalised groups and genders. </p>