HTC to Invest $100M in VR Content, The Biggest VR-dedicated Fund To Date
HTC has announced the ‘Vive X’ accelerator program at their conference call in Beijing. HTC Vive X is an accelerator aimed to “help cultivate, and grow the global VR ecosystem by supporting startups.” The platform also promises to provide startups with expertise, special access to advanced VR technology, financial investment, mentorship and “unmatched go-to-market support.”
The Taiwan based technology company has announced a $100 million fund that will be invested as part of the Vive X accelerator program. This is the biggest VR-dedicated investment funds to date; in fact, it’s 10 times the amount Oculus earmarked for indie VR developers last year. HTC states in a press release issued today:
Vive X in Beijing is targeted at accelerating entrance and growth for companies with proven success in the VR industry, with each participating startup receiving cash investment in return for a small amount of 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.
HTC Vive X accelerator will begin initial operations in three cities: Beijing, Taipei, and San Francisco, “with a view to rolling out across other global hubs in the near future.” Interested startups can submit their applications for Vive X starting today for all three locations.
Currently, it’s not clear if this $100 million investment fund will be used to create Vive-exclusive content agreements.
Source: Road to VR