The VR/AR industry in New York has seen more than $50 million in investment in the past year, according to a statement from EDC, but the city lacks a central hub for companies to develop new technology, bring together innovators and investors, and find ways to use the technology in a variety of ways, Torres-Springer said.
Torres-Springer said the hope is that the VR/AR industry will launch far beyond its current use in video games and entertainment, and help make advances in other industries that are cornerstones of the city’s economy.
Among the companies getting started on virtual reality in New York is Datavized, a Brooklyn firm that is experimenting with new ways to use virtual reality to present data.
“The last time an enabling technology like this hit New York was the boombox, and the minute the boombox dropped below $100, we got hip-hop,” McGrory said.
See the full story here: https://www.dnainfo.com/new-york/20161215/flatiron/virtual-reality-augmented-reality-companies-new-york-lab