In December 2014, two-year-old fund Rothenberg Ventures first opened its doors to applications for River, its new virtual reality-focused accelerator. The three-month program aims to be the “world’s VR classroom” and offers start-ups $100,000 investments, mentorship by industry veterans, and office space at the Rothenberg Ventures’ 8,000-square-foot space in San Francisco.
The first batch of River start-ups was diverse—focus areas included entertainment, travel and healthcare—and eight out of the thirteen start-ups came from outside the United States. The River start-ups included Vantage.TV, a 180-degree viewing experience for live events, Psious, a platform using immersion therapy to help patients, SDK Lab, industrial training and travel in VR, and Emergent VR, an app to create and share VR experiences through mobile phones.
At the end of the program, all thirteen were showcased at Rothenberg Ventures’ Founder Field Day, an annual event bringing together investors, founders and mentors. River has now committed to a second class in 2015 and is accepting applications through July 2, 2015.