HTC launches $100 million virtual reality accelerator
Virtual reality is changing the world. Taiwan mobile and virtual reality company HTC is launching a $100 million accelerator program with Seattle area company, for startups to encourage them to make virtual reality products. The program will make use of the HTC Vive virtual reality platform, which was developed through a partnership between HTC and Bellevue-based game platform developer Valve.
The goal of the HTC company is to generate new content and technologies for its Vive platform. HTC is launching a global startup accelerator with $100 million in funding, with the hopes of investing in ambitious software and hardware ideas for virtual reality. According to CEO of the HTC company ‘Cher Wang’ it needs a healthy ecosystem to expand into the digital market. The pilot program will begin this May in Beijing, China with investment of between $50,000 and $200,000.
The program is open to companies working in any industry looking to create content or tools using virtual reality. Even accessory companies are encouraged to apply. Companies can be new to the market or have experience in the nascent VR industry.