HTC Announces VR Venture Capital Alliance with $10 Billion in ‘Deployable Capital’

by Jamie Feltham • June 29th, 2016

We already knew that HTC was dedicating a lot of resources to help accelerate VR’s growth, but it looks like the company has taken a big step forward in this area today.

Taking to the stage at this week’s GSMA Mobile World Congress in Shanghai, HTC Vive has announced the Virtual Reality Venture Capital Alliance (VRVCA), which brings together 28 VR investment companies under one banner looking to help fund startup companies working in VR as well as augmented and mixed reality too. Along with HTC Vive itself, names include the likes of Immersion Ventures, The VR Fund, and Colopl VR Fund. The group’s president is Alvin Wang Graylin, the President of VR at HTC China itself.

According to the group’s official site there’s a staggering $10 billion in “deployable capital” between the investors, but that doesn’t necessarily mean that all of this money will be distributed between companies that pitch. It just means that money could be used to invest in those startups.

VRVCA will be meeting six times a year – once every two months – at offices in both Beijing and San Francisco. Hopeful startups from around the world will be able to pitch their companies in the hope of gaining some much needed investment. The site states that anyone working on 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. We’re not sure when the first meeting will get underway, however.

Essentially, this gives entrepreneurs a great chance to give their company the spotlight, and also brings interesting new ideas and groups straight to the doors of the investors that might be interested in them. Think of it as a VR version of Shark Tank (or Dragon’s Den for the UK audience); you’ll get to pitch to a wide range of investors and those interested will work something out with you. Anyone that does pitch will need to include details like a full team background, market opportunity, and plans for monetization.

The announcement seems like an expansion of HTC’s own Vive X accelerator concept, which was announced at the end of April 2016. This is a $100 million accelerator fund that companies can apply to get a piece of, with offices in Beijing, Taipei and San Francisco to help incubate growth.

That’s a lot more money that could potentially be injected into the VR, AR and MR ecosystems. Hopefully we’ll start seeing the benefits in the very near future.

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  • Badelhas

    This are great news. Oculus as Facebook money so this way it’s a fair fight. I’m glad I chose to buy the HTC Vive, it arrives Friday. Can’t wait!
    Cheers

  • OkinKun

    lol that’s a bit misleading..

  • Pistol Pete

    Great things coming for VR!! Whoooo Hooooo!!

  • Schuyler Woodard

    Shit cost way to much for people to afford. It’s like 800$ for HTC vive. How hell can I afford that. If have to skip on bills in order to get one. It’s crazy

    • Reuben Welsh

      No more crazy than many other hobbies. If you cant afford it all in one go, wait till price drops or save.

      Its no more shit than a Ferrari, or any other highend products, and neither is it aimed at low income markets.

    • John LaBrie

      It costs less than a big screen TV, what do you want? Not everything is cheap, and there’s much more technology that went into making the Vive than my main computer monitor, which cost 50% more.

    • Cameron Ryan James Beadle

      I Wouldn’t complain bruh. You got a nice evo. :p

    • Chill, the price will drop soon enough. Seriously, the cost limits mass adoption, but there’s much in the pipeline right now that will give us options. For now, go with Mobile VR – I know, it’s not as good a drug but it’s a temporary fix. Gets you through the night, so to speak.