<h1>India Launches $1B Fund to Boost Creators' Economy Ahead of WAVES Summit; New Creative Tech Institute Announced</h1> India announced a USD 1 billion fund to support the creators' economy, aiming to enhance the media and entertainment sector. This initiative was unveiled ahead of the World Audio Visual and Entertainment Summit (WAVES) in Mumbai, intended as a convergence platform akin to the World Economic Forum. The summit will feature a Global Media Dialogue and a marketplace for business opportunities. Additionally, the first Indian Institute of Creative Technology will be established in Mumbai. The 'Create in India Challenge' has seen significant participation, with 1,000 finalists set to compete during WAVES, highlighting the integration of creativity and technology.