HTC announced a 10 billion dollar Virtual Reality Venture Capital Alliance ,bringing together a close-knit membership comprised of 30 of the top Virtual Reality Investors in the world with the goal of funding startups working in VR as well as AR and MR. The president of VRVCA is Alvin Wang Graylin,President of VR at HTC China.
The purpose of the Virtual Reality Venture Capital Alliance (“VRVCA”) is to foster long-term growth in the VR industry through identifying, sharing and investing in the world's most innovative & impactful VR technology and content companies.
Here is an overview of their plan.
6 opportunities to pitch per year and $10+ Bn USD in deployable capital to invest in Virtual Reality, Augmented Reality and Mixed reality startups of any size from anywhere around the world. They will meet six times a year with a base of operations out of Beijing and San Francisco.