HTC’s $100 Million ‘Vive X’ VR Accelerator Announces First 33 Investments
The first batch of startups were chosen from a pool of approximately 1,200 applications globally, 50% of which came from China, and range anywhere from content creators, to companies focusing on enabling technologies, hardware and services, says HTC.
Participating startups will develop their tech across four Vive X locations—San Francisco, Beijing, Taipei, and a hardware-focused location in Shenzhen—and will have four months “to produce marketable products/content which will be presented to potential investors upon their graduation.”
The HTC-led Virtual Reality Venture Capital Alliance (VRVCA), a consortium of venture capital firms focusing their funds on virtual reality, has also admitted eight new members, bringing the total investible capital beyond $12 billion.