HTC invests $100 million into its 'Vive X' accelerator platform

HTC invests into the future of VR with its 'accelerator program' - throwing $100 million into the mix.

@anthony256

Published Apr 27, 2016 3:15 AM CDT
Updated Nov 3, 2020 1:00 PM CST

40 seconds read time

HTC is well into the VR world with its Vive headset, with the company holding a conference to talk about the planned ecosystem for its Vive headset.

HTC invests $100 million into its 'Vive X' accelerator platform | TweakTown.com

The company revealed a slew of new VR experiences that are on their way to the Vive, with HTC announcing a new Accelerator Program known as Vive X. HTC will invest $100 million into Vive X, so that it will "cultivate the VR industry and the development of the ecological business".

HTC CEO Cher Wang said that the Accelerator Program will launch in three cities: Beijing, Taipei and San Francisco. The company didn't provide anything specific in the way of locations, timelines or development studios. The company did say the program will be base-level administration, something that will include accounting, finance, HR and legal advice, and more for VR developers.

The program will provide access to experienced VR developers and VCs that are looking to invest into startups, but nothing concrete has been announced.

NEWS SOURCE:vrfocus.com

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.