Vive manufacturer HTC creates $100M fund for virtual reality startups

HTC is a company that isn’t afraid to leap into new spaces. It built the first Android phone, and it just released the first SteamVR headset. Now the company is investing even deeper into virtual reality.

Vive X is a new $100 million fund for VR startups from HTC (via The Verge). The company will lead this effort with unnamed partners to help new companies in this burgeoning space bring their products to the market. Additionally, Vive X will help connect startups with mentors and investors. For HTC, this should help it build out software support for the Vive headset for years to come, which is crucial considering analysts at SuperData Research expects VR to generate $40 billion in revenue by 2020.