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HTC sets up a new VR research centre and a $1.5bn investment fund in China

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CIOL Writers
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HTC Vive

HTC, who is riding high on the success of the HTC Vive VR system, has announced a new research centre in China worth $1.5 billion and a VR investment fund.

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The new research centre is aimed at developing breakthroughs in sensors, displays, graphics, data visualization, human-machine interaction, and other areas. It will consist of members of enterprises, universities, research institutes, and investment organizations, all working together to boost the VR ecosystem in Shenzhen and apply the tech to various areas such as health care, military, engineering, design, and manufacturing.

Established in partnership with the Shenzhen Industry Guiding Fund, the Shenzhen VR Investment Fund with an initial amount of $1.5 billion will help accelerate the growth of the Chinese VR industry by boosting funds of various companies.

HTC chairwoman and Co-founder Cher Wang said that the research institute and the investment fund would together serve to accelerate the development of the VR industry in Shenzhen and elevate the city’s R&D capabilities.

This isn’t HTC’s first attempt to boost the VR economy in China. Recently, HTC helped establish the Industry of Virtual Reality Alliance in China, bringing companies together to fight a range of issues facing the industry. The company had also launched its own Vive X accelerator, earlier in the year to help startup companies with mentorship, working space, and access to potential investment.

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