HTC has alongside its proprietary Virtual Reality headset sought other means of investing in the possibilities of VR. The Vive X Accelerator program, launched in April 2016, is one such example. Vive X was established alongside the Virtual Reality Venture Capital Alliance, made up of 28 venture capitalists seeking to invest in VR. Funds that are made available for any start-ups seeking funding for their VR projects. start-Ups whose interests range from hardware to software are eligible. HTC has now unveiled that 33 out of 1,200 applicants have been chosen for the first batch to be supported by the program.
Vive X and You
Alvin Graylin, China Regional President of HTC VR said in a statement, “We are extremely excited about the breadth and quality of the Vive X Batch-1 companies. The selected VR startups’ offerings cover a wide range of content, services, accessories and even core VR technologies. These companies represent the best and brightest of a new generation of startups that will soon be changing the world we live in and the way we interact with each other.
“As the leader in the VR industry, HTC is committed to supporting a vibrant VR ecosystem. The Vive X Accelerators and the VRVCA (www.vrvca.com) are integral parts of our vision for enabling and rewarding true innovation amongst the VR startup community.”
Start-ups selected for the accelerator program now have four months to deliver a marketable product. In turn, these products will then be marketed to potential investors. Only if this is passed will we see any product hit the marketplace. However, HTC will be providing support for all entrepreneurs taking part in the Accelerator program. What is interesting to note is that HTC is supporting additional VR hardware start-ups. This is despite the Vive being HTC’s main VR hardware.
Sign-ups for the second round of Vive X will begin in November of this year, and is open to start-ups around the world.