Virtual Reality being the burgeoning new industry has attracted multiple tech giants into giving this new technology the time of their day. However, with HTC the things with Virtual Reality have taken a step further as the Smartphone Company announced a whopping $100M fund for its Vive X accelerator program. The fund is created to foster and promote the growth of VR startups and media producers worldwide.

HTC’s CEO Cher Wang had a few good words for Virtual reality and its effects on the technical industry. “Virtual reality is changing the world, yet to do that effectively it needs a healthy ecosystem to expand into the mass market,” he further stated that, “Through HTC Vive, we look forward to enabling global talent to create interesting and compelling content and to help shape the future of this industry.”

HTC is ready to setup the centers in Beijing, San Francisco and Taipei allowing developers to explore the scope and potential of VR. The fund not only finances the Accelerator program but also gives the participating developers a chance to connect with investors as well as mentors who have profound experience in VR space.

The company is all set to take up Virtual Reality as a full-fledged initiative to go global with the VR accelerator and is seriously dedicated to bringing VR for not just the audience but for the creators by creating inroads to VR for the startups in the field.