HTC has announced the launch of a $100 million fund, Vive X, for Virtual Reality startups around the world.
The program is designed 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.
With offices in San Francisco, Beijing and Taipei, the fund will be devoted to all manner of VR startups, including accessories makers, content creators and, of course, apps. It will gradually roll out across other global hubs in the near future.
According to a statement from the company, Vive X offers start-ups the opportunity to be based in one of those cities for an initial growth period, during which they will have access to funding, leading VR know-how, hands-on coaching, and office space. They will also be invited to demo days, where leading investors will be in attendance, and to HTC’s offices for intensive training with our first-party development studios and to meet key members of the Vive engineering and management teams.
“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.
