Monday, October 26, 2020

HTC launches $100 million virtual reality fund

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The burgeoning virtual reality industry is all about creating simulated realities, but for VR startups focused on the HTC Vive, things just got a lot more real.

HTC has announced the launch of Vive X, a $100 million fund designed to foster the growth of VR startups around the world.

“Virtual reality is changing the world, yet to do that effectively it needs a healthy ecosystem to expand into the mass market,” Cher Wang, CEO HTC, said in a statement released on Tuesday. “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.”

With offices in San Francisco, Beijing and Taipei, the fund will be devoted to all manner of VR startups, including accessories makers, content creators and, of course, apps.

The company is framing the initiative as a global VR accelerator and, beyond what it means for existing and new VR startups, it demonstrates that HTC is seriously committed to making real inroads in VR. The HTC Vive isn’t just an also-ran experiment.

And that’s an important distinction.

With heavyweight Facebook…



Read the complete story Here

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