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HTC throws another $100 million into the Vive X accelerator pot

HTC has announced another $100 million of funding for start-up virtual reality companies through its Vive X accelerator program.
October 17, 2016

This article originally appeared at our sister site, VRSource.

HTC has announced another major investment into its Vive X accelerator program, to the tune of an additional $100 million. This marks the second stage of the Vive X program, which was initially launched back in August with an original $100 million cash pot.

The Vive X program aims to help “cultivate the VR industry and the development of the ecological business”, and fund virtual reality start-up companies around the world. Of course, it also helps build more use cases and content for its Vive headset too. HTC has already begun taking applications for the second phase of the program, and applications will run until December 1st 2016.

As well as the financial perks, successful start-ups will also be offered the opportunity to work at Vive X accelerator locations around the world. There’s also a wealth of information to be tapped into from HTC’s connections with leading VR experts, cutting edge technological developments, and mentorship programs. HTC expects this program to continue to grow in the coming months and years, with new locations coming to Europe in the near future.

HTC and HP are offering a Vive VR bundle for $1,499

So far, HTC has backed more than 30 virtual reality start-ups from its Batch I of funding. The lists includes Action Bunker VR, LumiereVR, Directive Games, EdSenses, Shortfuse, CleVR and SurrealVR and Teemew.

Applications for Batch II of the Vive X program are now open and can be filled in over at the official website.