HTC Launches $100m VR startup accelerator program
HTC has announced that it will launch a $100m global accelerator program for virtual reality (VR) startups. The program has been named as Vive X.
The program is supposed to begin in Beijing, Taipei and San Francisco. Other global hubs will be included in the program eventually. Vive X isdesigned to help cultivate, foster and grow the global VR ecosystem by supporting start-ups and providing them with expertise, special access to advanced VR technology, financial investment, mentorship and unmatched go-to-market support – ultimately building them into valuable content producers or content enablers for the Vive platform.
“We are very excited about gathering the brightest and the most creative minds to join Vive X. Virtual reality is changing the world, yet to do that effectively it needs a healthy eco-system to expand into the mass market. Through HTC Vive, we look forward to enabling global talent to create interesting and compelling content and to help shape the future of this industry,” saidCher Wang, Chairwoman and CEO of HTC.
The program will begin in May 2016 and start-ups from around Asia will be invited to apply for the program. Start-ups will receive cash and technical support in exchange for equity. The program is open to companies from any industry that are creating content, tools, applications and accessories that enrich the VR ecosystem and end-user experience.
