HTC launches Vive X accelerator programme

April 27, 2016 // 12:11 p.m.

Tags: #accelerator #business #headset #htc #htc-vive #startup #start-up #virtual-reality #vive #vive-x #vr #vr-headset

HTC has announced a $100 million accelerator programme for companies interested in getting involved in virtual reality, with offices in Beijing, Taipei, and San Francisco.

Designed to assist start-up companies in development for the HTC Vive virtual reality headset - though the company has indicated it won't prevent applicants from also developing for rival platforms and devices such as Facebook-owned Oculus VR's Rift - HTC's Vive X accelerator programme boasts $100 million in funding.

According to the company's announcement, the Vive X programme is open to global participants and provides successful applicants with access to virtual reality experts, venture capitalists looking to invest in VR, and administrative support - including legal and accounting assistance, which could prove invaluable for smaller start-ups wishing to concentrate on the development side of things.

While applications for Vive X are already open, the company has only released an overview of the services provided to applicants. In particular, the promise of investment seems to suggest HTC's role will be in placing companies and developers in front of receptive venture capitalists rather than providing direct financial assistance from its own coffers - though precise details are as-yet unconfirmed.

Successful applicants will be expected to relocate to an HTC office, with the three confirmed locations due to be expanded for a wider global reach in due course. Sadly, a UK office has yet to be announced.
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