HTC Announces VR Accelerator Program

NicoleMotta on Wednesday April 27, 2016 at 11:01:17 AM

HTC Announces VR Accelerator Program

HTC is doubling down on virtual reality with the launch of a new $100 million accelerator program called Vive X.

(CCM) — On Tuesday, HTC unveiled the new global accelerator program, designed to help VR startups. "With a $100M investment fund led by HTC, 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," explained HTC. The company also noted that the end goal is to help these startups become "valuable content producers or content enablers for the Vive platform." It is unclear how much of this $100 million investment came from HTC directly, and the company did not reveal Vive X's other investors. Vive X will initially start in three cities —Beijing, Taipei, and San Francisco— with plans to roll out to more major markets soon. In Beijing, Vive X will launch in May 2016. Companies in the Vive X program will be given between $50,000 and $200,000, in exchange for "a small amount of equity."

"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," said Cher Wang, Chairwoman and CEO of HTC in a statement on the new accelerator program. "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." HTC's Vive VR headset launched earlier this month, and is available for purchase now for $799.

Photo: © Pieter Beens - Shutterstock.com


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