Facebook Announces New $10 Million Funding Program for VR Developers

Facebook Announces New $10 Million Funding Program for VR Developers

Facebook Announces New $10 Million Funding Program for VR Developers

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October 7, 2021 | 

The applications for VR are vast, and are growing every day, especially amid the rising ‘work from home’ shift. And now, Facebook’s looking towards that next level of connection, with a new $10 million funding program designed to encourage VR creators to help build the next social and interactive platforms in the VR environment.

The new funding will be allocated through three streams designed to incentivize different elements of the VR experience:

  • Community Competitions  Facebook’s launching a series of creator competitions, which will reward developers for building ‘the very best worlds in Horizon’. The program will offer up to $10k in cash prizes for winners.
  • Accelerator Program – Facebook’s Creator Accelerator Program, which is specifically designed to give people from diverse backgrounds ‘an advanced crash course in Horizon Worlds creation’, will soon begin accepting applications for an expanded initiative set to kick off in early 2022.
  • Funding For Developers – Finally, Facebook is also looking to provide funding for developers, studios or creators that are interested in creating experiences for Horizon on a particular theme.
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