HTC's Vive X program will make investments $one hundred million in VR startups
HTC is aiming to leap-begin VR improvement with its new Vive X fund, an accelerator that may help and promote startups working within the new medium. Vive X is backed by a $one hundred million funding fund (principally from HTC), and it will kick off in Beijing subsequent month (with San Francisco and Taipei to comply with). As with most accelerator packages, it’s going to supply mentorship, work area and, naturally, some funding capital to a specific group of startups. After a couple of months, the chosen corporations will exhibit their tasks at celebratory demo days (once more, one thing widespread to any such program).
Whereas the HTC Vive and Oculus Rift are each succesful items of package, they each endure from a scarcity of really nice VR content material. That is principally what HTC is hoping to repair with Vive X (Fb and Oculus are additionally pouring money into VR builders). With its first Beijing program, HTC says it is particularly specializing in corporations which have already been profitable within the VR world. It isn’t simply going to be about video games, both. The corporate says it is also wanting into corporations which might be constructing instruments and equipment for VR.