Published in Graphics

HTC announces $100 million VR accelerator

by on27 April 2016

To help VR in its infancy growth

HTC surprised many with its announcement to secure the 100 million fond for the Vive X VR accelerator program. The webpage went live as we speak.

The sources based in China claim that HTC will have some big names supporting the inciative including Valve, Warner Bros., Disney, Wevr, Lionsgate, Ali Baba, NVIDIA, AMD, Epic Games and Ubisoft.

The VR accelerator program will be available in three locations, Taipei, Beijing and San Francisco and the company will decide who gets funded. The Vive X has been supervised by skilled team under Rikard Steiber a SVP of Virtual Reality at HTC, Marc Metis, a VP in HTC’s Vive VR group and leads Vive X San Francisco. The team includes Joel Breton, a chap that produced some key titles including Doom, Duke Nukem, Total Annihilation, Unreal, and the first version of the Unreal engine. Joel is currently VP of Global VR Content for HTC VIVE.

The business side of the Vive X will be supervised by Alvin Graylin is the China President of HTC VR, Raymond Pao special assistant to HTC CEO, Caleb Ouyang supervisor for HTC and Jimmy Feng is the Chief of Staff to CEO for HTC.

Vive X will consider companies and teams with no prior funding, seed or angel round, series A round and series B round or later. This is a huge boost and potential change for the next big game, and this accelerator program might speed up the development of a much needed content.

We are quite sure that VR is here to stay, and although it is at its infancy, some good games, matching with good hardware that will launch in years to come, might speed up the adoption.

Last modified on 27 April 2016
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