INTEMA AI and MTS Unveil an Acceleration Initiative for Metaverse Startups

MTS, a prominent entity in the digital realm, has collaborated with INTEMA , a deep tech a pioneering company to establish an acceleration program centered around the metaverse.

The joint effort by MTS and INTEMA AI invites innovative metaverse startups globally to trial their offerings, embark on pilot initiatives, and effectively integrate their technologies within various industry segments.

“To bring metaverse solutions to a wider audience, INTEMA is focusing on the largest consumer-facing sectors like telecom, online banking, social media, and entertainment, which includes gaming, streaming services, and digital libraries. We believe this approach will pave the way for genuinely comprehensive metaverse solutions,”

shared Joseph Tesfaye, the Accelerator manager at INTEMA, in a discussion with Metaverse Post.

The accelerator program Participants will gain early advantages, including access to expert consultations and mentorship, in addition to opportunities for client pitches. The ten selected startups selected metaverse startups will engage in a customized three-month program that caters to their specific needs, preparing them thoroughly for pilot testing and fundraising through two Demo days. 

Winners will have the opportunity to secure a funded pilot with companies from the MTS ecosystem and an investment proposition from specialized corporate and venture capital firms, potentially reaching up to $10 million. million investment .

Though it's still in the early phases to talk about a global footprint in the metaverse, numerous businesses are actively exploring its possibilities, with active VR user numbers impressively soaring to 400 million.

“The surge in demand for VR solutions tailored for businesses is rising rapidly, which places a responsibility on tech companies to develop to innovate and deliver top-notch solutions that address these new demands,” INTEMA stated in an official release.

The accelerator offers startups swift feedback on their business concepts and provides expertise across multiple domains, including Web3, XR, VR/AR/MR technologies, payment systems, security, fraud detection 5G networks, edge cloud computing, natural language processing, computer vision, and artificial intelligence. Enrollment in the program is free, and it does not require equity participation from the founders. 

The sole conditions include fluency in English and having a metaverse solution that fits within areas like marketing, monetization in metaworlds, metaverse design, immersive technologies security, work environments, entertainment, and travel and tourism.

“The inception of a metaverse acceleration program stemmed from the belief that the vast potential of metaverse technologies remains untapped until both the development and expertise surrounding it are made more accessible for startups . Additionally, the lack of interoperability among current metaworlds hinders the effective and commercially viable use of metaverse solutions,”

Tesfaye said.

Tesfaye emphasized the program’s focus on nurturing fresh and promising startups in the metaverse domain improve user experience while exploring immersive technologies, metaverse design, gamification tools, analytics strategies, audience monetization, and security measures. INTEMA encourages these startups to develop interoperability, allowing a potential user user to easily wear a VR headset and access essential banking services, hold virtual meetups, or even stream the latest films in an online cinema—all within one cohesive metaworld.