ChinaVirtuoso

For most of its existence, the Internet was largely formed and administered by American organizations. But Asian firms now have the opportunity to be the gatekeepers for the brave, new world of virtual reality.

And the key to domination in virtual reality is real money, so the announcement that Taiwanese smartphone maker HTC has established the Virtual Reality Venture Capital Alliance with 28 venture capital firms helps leverage the fantastic usability of the HTC Vive headset into many more business models in the near-future.
In April 2016, HTC initiated the Asia Pacific Virtual Reality Alliance. Cher Wang, chairman of HTC, announced that the company would implement a Vive X accelerator program and provide a total of over USD100 million funding support to aid VR content and technical teams and establish a VR ecosphere.

Wang Congqing, HTC's VR general manager in China, said that the first batch of entrepreneurial team registrations for the Vive X accelerator program ended at the end of May 2016. HTC received applications from over 1,200 VR entrepreneurial teams from more than 30 countries and regions and over half of them are from China. Those teams cover various sectors, including hardware, software, content and technology.

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