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Support for domestic VR and AR developers is planned in Russia

Companies can expect to receive impressive grants.
Support for domestic VR and AR developers is planned in Russia

The network reports that Russian VR and AR developers will receive additional support from the state in the near future. Organizations engaged in the production of this kind of content can count on special grants issued under the program to support the development of the domestic IT sector.

As noted in the source, at the moment, VR and AR technologies are actively used not only in the field of entertainment, but also in medicine, engineering and military industries. In addition, companies will need additional finance to cover the costs associated with sanctions and market drawdowns (it is expected that the number of investments in this direction will decrease by 30-40%).

True, the government has not yet specified how much the promised grants will be issued.

Author
Edward Dmitriev
Date of publication
5 May 2022