How to Secure Virtual Reality Funding

As more parts of the world continue to see the benefits of VR and AR in the entertainment sector and the business landscape, funding will continue to grow. Europe has already offered significant funding for VR and AR solutions addressing problems in the educational, industrial, and entertainment industries. Since the pandemic, new opportunities in healthcare have begun to grow at an astronomical rate. [...] Moreover, methods of funding exist for humanitarian projects. Unity runs a yearly Humanity Grant programme promoting XR projects that change the world for the better. Unity’s humanity grant gives its winners funding and resources to develop a chosen immersive project. Unity awarded capital to five firms this year, including Songs of Cultures, Augment Therapy, Darkening, My Lovely Planet, and TOGUNA – The Accelerator of the Imagination. [...] The most extensive EU Research program supporting AR and VR is probably the Horizon EU program. In 2021, the program marked over 80 billion euros provided in funding over seven years. There’s also funding available from endeavours like the Unicef Venture Fund. The opportunity offers up to $100,000 in equity-free funding to start-ups registered in a Unicef country.