HTC has announced a new global accelerator program for VR startups called Vive X. $100 million investment The US will help provide expertise and mentorship to help the VR ecosystem continue to grow at a rapid pace. Therefore, HTC hopes that these ups startups will be able to create valuable content for the Vive platform and bring it to the market for everyone.
Beijing, Taipei and San Francisco will be the first hubs open for startups to receive one-on-one attention, and HTC hopes to open more around the world in the future. Full details of HTC’s new VR investment can be found below.
HTC Launches Global VR Accelerator Program
Vive X will provide $100 million in investment, experience and mentorship to grow the VR ecosystem.
April 26, 2016 — HTC Corporation (“HTC”), a pioneer of innovative smart technologies, today announced the launch of Vive X, a global accelerator program designed for virtual reality (VR) startups.
With a $100 million investment fund led by HTC, the program is designed to help cultivate, grow and develop the global VR ecosystem by supporting and providing startup experiences, special access to cutting-edge VR technologies, financial investment, mentoring and unrivaled opportunities — support in the market — ultimately turning them into valuable content producers or content providers for the Vive platform.
Starting with three cities — Beijing, Taipei and San Francisco, with a view to rolling out other global hubs in the near future — Vive X is offering startups the opportunity to be based in one of these cities during 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 present and to HTC offices for intensive training in our own development studios and to meet with key members of the Vive engineering and management team.
In Beijing, Vive X will be piloted in May 2016, when selected startups from across Asia will be invited to apply for the program to enable these companies to grow on the Vive platform. As elsewhere, Vive X in Beijing aims to accelerate the exit and growth of companies that have proven successful in the VR industry, with each participating startup receiving a cash investment in exchange for a small amount of capital. The program is open to companies from any industry that create content, tools, apps and accessories that enrich the VR ecosystem and end user experience.
“We are thrilled to bring together the brightest and most creative minds to join Vive X. Virtual reality is changing the world, but to do so effectively requires a healthy ecosystem to reach the mass market. Through HTC Vive, we hope that global talent will enable creating interesting and engaging content and help shape the future of this industry,” said Sher Wang, Chairman and CEO of HTC.
Visit www.htcvive.com/us/vivex/ to learn more about the Vive X and www.HTCVive.com to learn more about the HTC Vive.