NEW DELHI:
Virtual Reality
(
VR
) seems to be the hottest technology in Silicon Valley right now. Companies from
Microsoft to Google,
Facebook to Apple, Samsung to
HTC -- all are betting big on VR.
The Taiwanese tech giant, which earlier this year launched its
Vive VR headset, is now said to be establishing a wholly-owned subsidiary for its VR business called
HTC Vive
Tech Corporation.
"HTC can confirm that it has established a wholly-owned subsidiary,
HTC
Vive Tech Corporation, as a vehicle for developing strategic alliances to help build the global VR ecosystem,” the company told The Verge website in a statement.
The setting up of the new subsidiary is not expected to result in any major change in the organisational structure in the near future. However, analysts say it seems that the company is ensuring that it makes it VR subsidiary immune from any losses suffered by HTC corporation.
At the ongoing Mobile World Congress Shanghai, HTC announced a new VR Venture Capital Alliance aimed at boosting the growth of the VR industry. The alliance has $10 billion funds to invest in VR technology.
The company back in April launched a $100 million accelerator programme to further promote VR technology. Dubbed Vive X, it aims to help VR startups that want to use the company's VR technology. The programme assists startups with a variety of things such as securing investment, offering mentorship and more. Other services include education about VR technology, networking opportunities with entrepreneurs around the world and generalized support.
According to HTC, the ultimate goal of the programme is to support a healthy and vibrant ecosystem for its
Vive VR headset
. Companies participating in the Vive X program will be offered funds in the range of $50,000-$200,000, in exchange for handing over a small amount of equity, in addition to other benefits.
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