Anil Ambani led Reliance Games will soon start incubating and making investments in startups working in the gaming sector. Manish Agarwal, CEO of Reliance Entertainment Digital told ET that Reliance Games is currently evaluating couple of startups working in this segment. “So far we have got some encouraging concepts and prototypes,” he said.
The company plans to make the incubation program a Bi-Annual event whose structure will be finalized by February next year. It will mentor startups on engineering, product management and designing, and character illustration, with the IP being shared between Reliance Games and the startup.
Related Article: Reliance To Invest In 20 Indian Gaming Startups This Year
Last year, Mumbai-based games developer and publisher, Nazara Technologies Pvt Ltd, had also floated an INR 10 Cr seed stage fund to invest in startups working in the gaming space. Currently the company is in the final stages of investing in two startups.
There were earlier reports that Reliance Industries will partner with the technology giant, Microsoft, to incubate startups and would provide seed capital, mentorship and technology, and would operate through GenNext Ventures, a fund the company set up in 2010.