Sunday 22 July 2018

HTC launches $100m VR fund for start-ups

HTC
HTC

Mark O'Beirne

HTC will soon launch a $100 million start-up accelerator fund to help virtual reality start-ups around the world.

HTC has announced the launch of Vive X, a $100 million fund set up to aid virtual reality start-ups around the world.

The start-up accelerator will invest in all manners of software and hardware start-ups, including those who manufacture accessories, content creators and apps.

"Virtual reality is changing the world, yet to do that effectively it needs a healthy ecosystem to expand into the mass market,” HTC CEO Cher Wang said in a statement.

“Through HTC Vive X, we look forward to enabling global talent to create interesting and compelling content and to help shape the future of this industry."

The pilot programme will begin in Beijing, China in May with "selected startups from around Asia" getting office space, coaching and a small investment of between $50,000 and $200,000. It will then roll out to San Francisco, Taipei, and other global hubs.

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