What is Vive X?
Vive X is HTC’s branded VR-focused global accelerators in Beijing, San Francisco and Taipei, ShenZhen. Vive X’s mission is to help cultivate, foster and grow the global VR ecosystem by supporting startups and providing them with education, investment and mentorship.
What is HTC’s goal for Vive X?
Our goal is to support a healthy and vibrant ecosystem for the VIVE. The program is targeted at accelerating entrance and growth for companies with proven success into the VR industry.
What kind of startups are suitable for Vive X?
We are looking to fund software and hardware startups. Specifically, teams that are creating innovative content, content tools, social/multiuser, tools, apps, accessories, business model enhancers (analytics, advertising) and any other underlying technologies that enrich the VR ecosystem and end-user experience, ultimately helping the teams turn into valuable content producers or content enablers for the VIVE platform.
How much funding do VIVE X companies receive?
Vive X typically accepts Seed through Series A startups. Additionally, we are also willing to look at post-Series A for more advanced VR startups. Teams will receive up to $50-200k USD convertible note or a warrant, the final amount is dependent on the stage and geo of the startup. In addition to the small equity investment, each company accepted into Vive X also receives:
- Mentorship, get mentored from the top VR experts in various industries
- Promotional Support, receive unique access to Viveport
- Go-to-Market Support, help you launch your product globally
- Engineering Support, access to HTC Vive’s top Software and Hardware Engineers
- Access to Vive X resources during your batch
- Connections to the Vive X Network (founders, alumni and mentors)
- Office space for the duration of the program
- Access to Demo Days across all our locations, allowing for increased visibility for your startup, greatly increasing your chances to raise funding from top financial and strategic VR-focused investors from around the world
Why should I join Vive X?
If your company is accepted into Vive X, we will do all we can to help ensure that your company has all the resources it needs to be successful. We want your company to be the next titan in your respective industry vertical. By taking part in Vive X, you will be joining our VIVE family and be given unparalleled levels of support from our team of mentors, engineers, corporate executives and investors.
Do I have to work out of the Vive X office?
Though not a requirement, we recommend that your team at a minimum, has some representation at Vive X. Being here also will give you quick access to members of the VIVE team. Additionally, you will be with your cohorts, where you can share resources, ideas and make lifelong friends.
What else does Vive X provide?
In addition to gaining access to our top VIVE technology experts, we will be providing working spaces, meeting rooms, various hardware for testing as well as our exclusive VIVE Experience Rooms where you can try out the latest and greatest in VR Tech; additionally, we will also provide Support Services for basic business functions such as - Finance, HR, Legal etc. so that you can concentrate on making your company great.
Where will we live while we’re there?
If you’re accepted into Vive X, we can help by giving some options that are close to the office. But the decision ultimately is up to you.
When will I hear back about my application?
We try our best to notify applicants at least 1 month before the program starts.
Do I need to send in a business plan?
Nope. Just fill out the online application and answer the questions to the best of your knowledge. Please don’t forget to submit a video demonstrating your product.
What will a typical day be like at Vive X?
It’s your company, so you’ll be hard at work on your product. You can choose to work out of the Vive X office, or you can work anywhere else, for example if you already have your own office. A few times a week, we will organize informal educational sessions with our mentors. We expect many of the mentors to drop into Vive X’s offices periodically throughout the program.