HTC has been heavily investing in virtual reality (VR) with its biggest initiative being the Vive X Accelerator Programme. Submissions for the first batch of applications opened earlier this year in April, and this week HTC held the first Vive X Demo Day in Beijing, China.
Out of the 33 startups in Batch 1 of the Vive X Accelerator, 19 took part at the Beijing event, introducing their teams and demonstrating their innovative achievements to VCs, media, developers and partners focused on the VR industry. “Innovation is the cornerstone of the burgeoning VR market and only differentiated VR startups can stand out and eventually succeed,” said Alvin W. Graylin, China Regional President of Vive, HTC. “I’m so proud of what the first batch of Vive X teams has achieved over the past four months. With the support of Vive X and many of our partners, these teams may well become future unicorns in VR, bringing disruptive changes to many vertical industries such as education, healthcare, design, social, and more.”
Those in attendance to demo their ideas included: Dabo Chen, founder and CEO of Langzou Technologies: “VR engagement in education is a huge market with enormous potential, but it is also true that the majority of education-specific content can be relatively complicated and pricey to develop,” said Chen. “We developed a tool to allow teachers to create interactive VR courses in a much easier way, turning 16 million teachers in China into potential content creators. During the development process, Vive X provided unique support in financing and the supply chain as well as lowering hardware costs, and even helped us gradually become profitable in the short-term.”
“Without extremely high pressure, diamonds would never crystalize; this is the realization that our Vive X experience has given us. I’m truly thankful for the freedom that Vive X offered us and the assistance it is providing in maturing our business model,” said Sam Jang, founder of Augmented Intelligence, a company committed to establishing a VR platform for traditional Chinese medicine (TCM) education.
“In my opinion, I think the VR market in China has a very bright future, thanks to the various types of support from the government, venture capitals who are expanding and maturing at an incredibly fast speed, and the huge amount of VR users in China,” said Tao Hu, founder and CEO of RockVR. “Together with HTC Vive, we look forward to accelerating the development of the VR market in China. Vive X attracts a number of outstanding startups and provides tremendous help in gathering resources across capital, media, and business. We strongly recommend startups who are passionate about building up the VR industry to join Vive X and drive the development of this field together.”
Vive X Accelerator Program (Batch 2) is currently accepting applications from all VR startup companies and teams until 19th December 2016. VR startup teams who would like to be a part of Vive X Batch 2 need to head to: www.vivex.co.
VRFocus will continue its coverage of Vive X, reporting back with any further updates.