Facebook To Bring South Korea VR/AR Startups Under Its Wing
Via the new agreement, the Facebook Korea office in Seoul will reportedly be teaming up with Korea Innovation Center of the Ministry of Science, ICT and Future Planning along with the Institute for Information & Communications Technology Promotion to choose 10 promising AR and VR firms in Korea. Employees of those 10 firms will spend 10 weeks in Silicon Valley learning tech and business from Oculus VR engineers.
“Outstanding technologies and companies may be considered by the Facebook headquarters for future M&A or supply pool,” Park Dae-sung, head of policy at Facebook Korea, is reported as saying. “We hope to see some very innovative products from killer content to hardware through this program.”
Facebook’s CSO Alex Stamos adds “Korean companies have a fantastic advantage due to the technical and intellectual infrastructure in these areas” after he made his first trip to Seoul to celebrate the new partnership.
See the full story here: https://uploadvr.com/facebook-helps-korea-startups/