HTC launches $100 million VR startup accelerator

HTC is launching a $100 million accelerator program for startups that want to use its VR technology. The program, called Vive X, will launch in Beijing, Taipei and San Francisco, with the possibility of expanding to more cities over time. It’s supposed to offer mentorship, help with securing investment and access to VR tech, doing things like temporarily providing office space and hosting demo days for potential investors. Companies can apply now, and a pilot program will start in Beijing in May.

Companies in the Vive X program will be given between $50,000 and $200,000 in exchange for handing over “a small amount” of equity, alongside other benefits.

Read the rest of this post on the original site »

This article originally appeared on Recode.net.

Will you join us?

Our biggest supporters are our readers — and we’re so grateful to everyone who has made a contribution during our September campaign. We’re less than 1,000 contributions away from reaching our goal for the month, which in turn will allow us to say yes more often when our incredible journalists come to us with questions they want to answer and projects they want to pursue. Will you make a contribution before the month ends and support our policy coverage through 2024 and beyond?

One-Time Monthly Annual

$5/month

$10/month

$25/month

$50/month

Other

$

Yes, I'll give $5/month

Yes, I'll give $5/month

We accept credit card, Apple Pay, and Google Pay. You can also contribute via