HTC’s Vive X $100 million virtual reality accelerator isn’t slowing down; the company has this week launched the second wave of applications for the program.
Startups looking for anything from investment and resources to guidance and work space can now apply to get into Vive X. Hopeful companies must submit a pitch deck along with an explanation of the problems their project is tackling, their current funding stage and more. The deadline for applications closes on December 1st.
Successful companies will be able to work at Vive X locations in one of four cities including Taipei, San Francisco, Beijing and Shenzhen, with more locations planned to launch in Europe soon. Any startup working in VR can apply, and those that weren’t successful last time might want to consider taking another shot. Vive X offers help in a wide range of areas that startups might not have addressed yet, such as human resources and accounting services as well as networking opportunities.
We likely won’t find out who has been accepted into the program until the new year.
HTC announced the first class of 33 companies to join Vive X back in July. The list includes game creators like Glowstick Games and social VR platforms like Surreal. Some of these startups also had the opportunity to meet with the Virtual Reality Venture Capital Alliance (VRVCA) at its first event last month. Also spearheaded by HTC, this initiative gathers investors once every two months to view pitches from companies working in VR.
Ultimately, initiatives like this will mean consumers get better VR content and services faster. Oculus is also heavily investing in the VR community, last week announcing that it was to put another $250 million into funding content and this week launching a $250,000 grant scheme to help solve crucial problems for VR.
Last month the company also announced the Industry of Virtual Reality Alliance (IVRA) in China. It brings together a number of companies to help further the growth of the technology in the country.