Gaming major Krafton launches incubator programme for Indian startups
Krafton’s India division is launching its maiden gaming-focused incubator programme for Indian startups.
The incubator programme will enrol between six to ten “teams” every year, and offer between $50,000 and $150,000 as funding support, with “exceptional” teams getting up to $250,000, the firm said in a statement. It will be open to early-stage startups, as well as students and independent developers.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Product ManagementVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitOn August 10, Krafton had announced investments worth about $150 million into Indian startups over the next two to three years. It has already invested about $140 million in 11 Indian gaming and content-driven ventures including Nazara Technologies’ unit Nodwin Gaming, audiobook portal Pratilipi, audio platform KukuFM, and streaming site Loco.
The South Korean developer owns the extremely popular online mobile game BattleGrounds Mobile India (BGMI), which in August completed a three-month review period after it was blocked by the government for about 10 months till May this year.
Participants in the newly-announced incubator programme will also receive mentorship from “renowned gaming industry executives, game builders and industry experts from South Korea… as well as from India”, Krafton said in the statement. They would also have access to Krafton’s data analytics and market research resources, it added.
Krafton will be open to follow-on investments in games
