Virtual reality and augmented reality (VR and AR) provide enormous promise for innovation in a wide range of sectors and scientific domains. Currently, research and innovation activities are being conducted in a number of areas, including productivity software, art and architecture, transportation, construction, tourism, health and medical sciences, product and skill development, entertainment and education.

he Centre of Entrepreneurship for Virtual and Augmented Reality (VARCoE) at IIT-Bhubaneswar was founded by Software Technology Parks of India in collaboration with MeitY, the Government of Odisha, IIT-Bhubaneswar, and a philanthropist to investigate the prospects in this specialized field.