Between HTC’s Vive X accelerator and the VRVCA investor consortium that it heads, the company is already very active in the VR investment space. But today the company announced a brand new investment fund of some $160 million in a joint venture between HTC and the Shenzhen Municipal People’s Government.

HTC today announced that the jointly formed Premier Ventures is now in operation and working with an initial fund of 1 billion RMB (~$158 million). The firm plans to invest primarily in companies operating in the Chinese market.

While HTC had announced a $100 million VR-focused investment fund alongside Vive X back in 2016, the company confirmed to Road to VR that Premier Ventures is an entirely new fund. “The [Premier Ventures] fund will work closely with Vive X and VRVCA to identify qualified investment candidates in China and abroad,” HTC tells us.

After Management Shuffle, HTC Says VR/AR More Important Than Ever to Its Future

As for the focus of the fund, HTC says Premier Ventures will invest in “AR/VR related technology innovations, so it will cover a large scope.” Interested startups can get in touch with the firm here.

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  • JJ
  • Andres Velasco

    Just call it ‘China’ government and not Shenzhen

    • NooYawker

      China is the country. They’re creating a joint venture with the local government of Shenzhen. You know like how they have states and cities in America. When Mercedes made a deal with Arkansas to build a factory do people say Mercedes made a deal with America?

  • Ritch

    They should use all that investment money to develop the vive pro lenses. LOL

  • Lucidfeuer

    Interesting, maybe we’ll see some interesting research coming from HTC, even though they’ll probably remain pretty terrible at conceiving and implementing. I actually expect more coming from the Shenzhen ecosystem than HTC internals…