New virtual and augmented reality hub launched in Vancouver

There is exciting news about the launch of a VR and AR hub created by Launch Academy in Vancouver.  This hub will greatly benefit Vancouver’s rapidly growing virtual reality and augmented reality emerging technology sector, says an article on the DailyHive.

The technology incubator has opened a VR and AR hub at its existing office at 300-128 West Hastings Street in downtown, in partnership with VR/AR Association Vancouver.

Services in the hub for immersive tech companies include: access to desk space, mentorship programs, VR/AR equipment rentals, investor relations connected to Silicon Valley, advisory services, and community events and workshops.

A device lab currently being built will have the latest immersive tech, including HTC Vive, Oculus Quest, Oculus Go, Oculus Rift, Magic Leap, Occipital’s Bridge Headset, Structure Sensors, and HoloLens.

A few key facts from the article on DailyHive:

  • Within the Vancouver tech industry, the immersive sector has grown from 15 companies working in VR and AR in 2015 to 220 organizations today.
  • In just a few short years, 3D development enterprises have already created 17,000 jobs and generated over $2.3 billion in revenue for the region.
  • Globally, the VR and AR market is expected to hit a value of $108 billion by 2021
  • Launch Academy says it has incubated over 600 companies that have collectively raised over $150 million and created more than 1,000 jobs since 2012.
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