VR Crowdfunding: Are You Game?

Ever since VR (Virtual Reality) headset Oculus Rift’s crowdfunding campaign success on Kickstarter, followed by its acquisition by Facebook Inc., the space has taken off like never before. Many a gaming companies have leveraged crowdfunding platforms to directly get VR enthusiasts and avid gamers support VR initiatives.

At a recent VR workshop and pitch event in Bangalore, people with backgrounds such as film-making, animation, interaction design, sound engineering, 3D gaming, human resource development, psychology, etc got together and came up VR projects. The projects included those in exploring art, addressing mental health, inspiring moonshot ideas, bringing social causes and historic narratives to the fore.

The event’s participants also shared some of the areas where VR can be beneficial:

  • Tourism & Hospitality
  • Defence & Learning
  • Construction & Real-Estate
  • Disaster Response
  • Sports & Fitness
  • Automobiles
  • Advertising
  • Film & Theatre
  • Celebrity Engagement
  • International Relations

The events conclusion on the ‘Future of VR’ based on the insights received on Crowd Product was:

The future of VR would be multi-sensory (involving multiple senses, besides eyesight), with mass teleportation (being at places without any physical movements required) and being part of 3-dimensional experiences. These will help business leaders and policymakers explore, learn and create better experiences for audiences.

Let us know in the comments if you’re interested in VR Crowdfunding.

Recent Reads on VR Crowdfunding
1. Kickstarter Alum Oculus Pulls the Plug on Virtual Reality Shop Story Studio (source: crowdfundinsider.com)
2. Zero Latency Shoots For Multiplayer VR Arcade Network With 24 Locations In 2017 (source: uploadvr.com)
3. Grazer VR glasses ExChimp reaches crowdfunding goal (<German> source: futurezone.at)
4. This VR Camera Is the Size of a Smartphone and Designed for Anyone to Use (source: Inc.com)
5. Virtual Reality in India: A Closer Look (source: via LinkedIn post)