HTC has led the creation of a fund for virtual reality startup firms, called Vive X. The $100 million fund – established with unnamed partners – will help new companies bring their products to market. It will also also help to connect startups with mentors and investors.
According to The Verge, the programme will be launched in Beijing, Taipei and San Francisco. A pilot will begin in Beijing this month.
Companies in the programme will be given between $50,000 and $200,000, in exchange for signing over a ‘small amount’ of equity.