HTC investing $100 million in VR startups through Vive X program0 Comments
It probably comes as no surprise that VR hardware is relatively lacking in software. The technology is just too new, and even some of the most enthusiastic and dedicated teams haven't yet had enough time to put the finishing touches on their projects. That's why HTC has set up its new Vive X fund — a program set to kickstart VR development that's being backed by a $100 million investment fund.
As might be expected, the Vive X fund will offer prospective programmers and other startups mentorship on how best to design for the Vive, some work space in which to do so, and the all-important capital needed to get the ball rolling. Once they've put together something worth sharing, select companies will have their projects shown off at HTC Vive demo locations around the world.
The Vive X program is set to begin in Beijing next month and will spread to San Francisco and Taipei later on. This isn't a program that's unique to the Vive, either — reports indicate that Facebook and Oculus are also backing VR developers — but HTC is going with a more proven route, primarily focusing on companies that have already been met with varying degrees of success within the VR field.
HTC's Vive X program will invest $100 million in VR startups, Engadget