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HTC Announces $100m Vive X VR Accelerator Program

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HTC held a conference in Beijing, China on April 26 to announce the formation of a new Accelerator Program for the HTC Vive, which includes a San Francisco location.

During the conference, HTC Chairwoman and CEO, Cher Wang, announced the establishment of the Asia-Pacific Virtual Reality Industry Alliance (APVRA) to help “accelerate the development of the [VR] market.” A China-based news source reported that the alliance will include a number of companies like Valve, Warner Bros., Disney, Wevr, Lionsgate, Ali Baba, NVIDIA, AMD, Epic Games, Ubisoft, and others.

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Through this new formed VR alliance, Wang announced HTC’s Vive X Accelerator program. The HTC Vive website describes the mission of Vive X as helping “cultivate, foster and grow the global VR ecosystem by supporting startups and providing them with education, investment and mentorship.”

Applications for the Vive X program are now open, with locations in Beijing, Taipei and San Francisco!

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On top of the reported $100 million of funding available for the Accelerator program, developers and startups will also have direct access to leaders in VR and investors for mentorship, education, networking and business support services.

So what does this all mean?

If you are a VR developer or startup in China or San Francisco and looking to realize your dream with access to more resources, this might be a program for you. Whether developing content, tools, applications, or even hardware, you can apply on their website here.

This first wave of HTC Vive X city locations launches in May, with HTC planning to expand to additional cities in the future.

About the Scout

Jonathan Nafarrete

Jonathan Nafarrete is the co-founder and editor-in-chief of VRScout.

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