Technology and gaming content trusted in North America and globally since 1999
8,586 Reviews & Articles | 67,027 News Posts

HTC brings 30 companies together for VR, has $10 billion to spend

HTC has $10 billion in 'deployable capital' with its new Virtual Reality Venture Capital Alliance

By Anthony Garreffa on Jun 29, 2016 at 07:00 am CDT - 1 min, 4 secs reading time

HTC has just doubled down on VR once again, if it didn't already with owning the room scale VR scene with its HTC Vive headset - announcing the Virtual Reality Venture Capital Alliance at GSMA Mobile World Congress in Shanghai, China earlier today.

HTC brings 30 companies together for VR, has $10 billion to spend | TweakTown.com

The newly-formed VRVCA will see 30 VR investment companies all join forces to help fund startup companies that are working on not just VR content, but augmented and mixed reality, too. Alvin Wang Graylin, the President of VR at HTC China sits as the president of VRVCA, with the Vive division of HTC dedicated, alongside Immersion Ventures, The VR Fund and Colopl VR Fund. At their disposal, is a huge $10 billion in "deployable capital" between the 30 investors.

VRVCA will have six meetings per year, with a meeting every two months at their offices in Beijing and San Francisco. Startups from around the world will be able to make their pitch to the investors, with VRVCA saying that "anyone working of VR content, base technologies, tools, platforms, hardware, peripherals, accessories or other vertical applications can apply, and it's already possible to submit a pitch deck", reports UploadVR.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With 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 high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:uploadvr.com

Related Tags