HTC kicks off its Vive X accelerator program with a hefty $100 million investment

This whole virtual reality thing is off to a pretty wild start, and HTC is looking to keep that momentum going. Today the Taiwanese company announced Vive X, a global accelerator program that aims to help startups get their footing in the VR space. HTC has already pledged a hefty $100 million investment to get the program started.

Vive X will help cultivate, foster and grow the virtual reality ecosystem by providing up-and-coming companies with expertise, special access to advanced VR tech, financial help, mentorship and go-to-market support. This will hopefully help more startups create high-quality content for the Vive.

HTC CEO Cher Wang explains:

We are very excited about gathering the brightest and the most creative minds to join Vive X. Virtual reality is changing the world, yet to do that effectively it needs a healthy eco-system to expand into the mass market. Through HTCVive, we look forward to enabling global talent to create interesting and compelling content and to help shape the future of this industry.

Beijing, Taipei and San Fransisco are the first three cities to get help from the Vive X program, with more locations coming in the near future. These first three Vive X locations will offer up funding, hands-on coaching, office space and general VR know-how to the startups interested in building for the VR platform.

Vive X will officially launch in Beijing in May 2016. For more info on HTC’s new venture, head to the official Vive X website.