HTC initiates USD100m VR fund

(MENAFN) The flourishing virtual reality industry is all about creating simulated realities, but for VR startups focused on the HTC Vive, things just got a lot more real, based on recent data.

HTC, the Taiwanese multinational manufacturer of smartphones and tablets, has declared the launch of Vive X, an USD100mn fund designed to foster the growth of VR startups globally.

Moreover, with offices in San Francisco, Beijing and Taipei, the fund will be devoted to all manners of VR startups, including accessories makers, content creators and, of course, apps.

The giant is framing the initiative as a global VR accelerator and, beyond what it means for existing and new VR startups, it proves that HTC is seriously committed to making real inroads in VR.