Facebook is looking for 10 talented Korean VR/AR start-ups in partnership with the South Korean government. The Californian social media company is offering to send staff from the selected studios to their Silicon Valley headquarters for a 10-week scheme that will include training on related technologies and business development.
Alex Stamos, Chief Security Officer at Facebook visited Seoul to launch the search. According to the Korean Herald, Stamos said, “The Korean market has been the place where the rest of the world can look to see our online future. Facebook gets great insights from Korea and we use our experiences here to foresee how the global market will evolve in the future.”
Chance To Pitch
At the end of the 10-week training scheme, participants will be given the chance to present their progress in July, with the possibility that software and hardware may be taken up by Oculus with a view to further development and potential release to the general public.
The programme has been launched in partnership with Korea Innovation Center of the Ministry of Science, ICT and Future Planning, and the Institute for Information & Communications Technology Promotion.