HTC has today announced a new global accelerator program the company is fronting that has been specifically created to help virtual reality start-ups. The HTC Vive X program has been created to offer $100 million in investment as well as mentorship and expertise to help grow the new virtual reality ecosystem.
The Vive X program will initially launch in three cities Beijing, Taipei and San Francisco with the aim of rolling out other global hubs in the near future, tailored to offering start-up companies the opportunity to grow using funding and VR expertise.
Cher Wang, Chairwoman and CEO of HTC explains more :
We are very excited about gathering the brightest and the most creative minds to join Vive X. Virtual reality is changing the world, yet to do that effectively it needs a healthy eco-system to expand into the mass market. Through HTC Vive, we look forward to enabling global talent to create interesting and compelling content and to help shape the future of this industry.
The HTC Vive X program press release adds :
With a $100m investment fund led by HTC, the program is designed to help cultivate, foster and grow the global VR ecosystem by supporting start-ups and providing them with expertise, special access to advanced VR technology, financial investment, mentorship and unmatched go-to-market support – ultimately building them into valuable content producers or content enablers for the Vive platform.
In Beijing, Vive X will pilot in May 2016, when selected start-ups from around Asia will be invited to apply for the program, with the goal of enabling those companies to grow with the Vive platform. As in the other locations, Vive X in Beijing is targeted at accelerating entrance and growth for companies with proven success in the VR industry, with each participating start-up 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.
For more information on the new HTC’s Vive X program jump over to the PR News press release website for details via the link below.
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