HTC announces the launch of $100m VR startup accelerator program

Scheduled to start in May in Beijing, Vive X is the most- awaited accelerator program by HTC.
Vive X is a $100 million platform for boosting the growth of startups working in Virtual Reality field. This unique Startup Accelerator Program by HTC aims to enhance the growth of Virtual Reality ecosystem all around the world by providing the startups with expertise, access to advanced VR technology, financial investment, mentorship, office space and go-to-market support. It is foreseen that startups with the most creative and bright ideas will join the program.
Virtual Reality is trending in the market right now. The main goal of Vive X is to enable global talent to create engaging content that will help to shape the future of this industry in the right direction. It will take care that each startup in the VR industry receives the required investment in return for equity.
Moreover, HTC visions that the startups taking up its accelerator program will ultimately be encourage various content creators to create content for its Vive platform. This, in-turn will inspire all the other startups, working in VR to create innovative technologies and content in that genre.
Takeaways:
- HTC is about to launch Vive X, an accelerator program for startups in the Virtual Reality industry in May.
- The Startup Accelerator Program by HTC aims to boost the growth of Virtual Reality ecosystem globally.