HTC Just Earmarked $100 Million to Invest in VR Content, Applications Open Today
Vive X is an accelerator created by HTC which the company says aims to “help cultivate, and grow the global VR ecosystem by supporting startups and providing them with expertise, special access to advanced VR technology, financial investment, mentorship and unmatched go-to-market support.”
The company has publicly announced a $100 million fund that will be used to make investments in promising VR companies that join the accelerator. This is one of the largest VR-dedicated investment funds to date. It’s 10 times the amount Oculus had set aside to support indie VR developers last year; where that pot was doled out in a way more traditional to the game industry, the Vive X accelerator takes a more startup-focused approach.
HTC is calling the program a “global accelerator,” and says it will begin intial operations in three cities: Beijing, Taipei, and San Francisco, “with a view to rolling out across other global hubs in the near future.”
At this point it’s unclear if HTC will be using the fund to create Vive-exclusive content agreements—similar to what we’ve seen from Oculus—though it does sound like they will only be considering companies who have something to offer to the Vive platform.
“Our goal is to support a healthy and vibrant ecosystem for the VIVE… ultimately helping the teams turn into valuable content producers or content enablers for the VIVE platform.
See the full story here: http://www.roadtovr.com/htc-vive-x-accelerator-100-million-investment-fund-virtual-reality/