The creator of Vive headset is investing deeper into VR. HTC has unveiled its global accelerator program, dubbed Vive X, to provide a $100 million fund for VR startups across the globe.
On April 26, HTC pushed out an official statement introducing the program that is aimed at startups operating in the burgeoning VR field.
The company launched the Vive X program in its bid to boost the global VR ecosystem. This is made possible by providing expertise, financial investments, access to the sophisticated VR technology, go-to-market support along with mentorship to a multitude of startups.
"We are very excited about gathering the brightest and the most creative minds to join Vive X," said Cher Wang, HTC's chairwoman and CEO. "Virtual reality is changing the world, yet to do that effectively it needs a healthy ecosystem to expand into the mass market."
She went on to say that through HTC Vive, the company hopes to enable global talent to produce compelling, remarkable content, and to contribute in shaping the future of the VR industry.
HTC likewise believes that through its latest effort, more content creators for the Vive platform will be produced.
Vive X is specifically open to companies that are building apps, accessories, tools and, of course, content for the VR ecosystem.
The pilot program will kick start next month in Beijing, China, in which selected companies from various parts of Asia will be given coaching, office space plus small investment "in return for a small amount of equity."
The program will then expand to San Francisco and Taipei before it is pushed out in other countries down the line.
Startups will also benefit from demos presented by leading investors. On top of that, participating companies will also be given the rare chance to receive intensive training with the company's development studios and, of course, meet the members of the Vive management and engineering teams.
This $100 million fund for VR startups will probably help HTC beef up its software support for its Vive Headset down the road.
