Our company aims at making the choice of destinations for tourists easier by means of VR/AR technology. We create a product that will enable tourists choose their destinations faster and easier than before. This will be a platform available for anyone who has a smartphone or any VR head mounted display. The platform is being developed and we are about 25% done with the R&D process.
Key processes of the company are as follows:
VRex employees perform an in depth research regarding popular tourist destinations and also types of people and their respective demands towards tourist destinations. Then an algorithm is created that provides matching between various people and the destinations they most likely would like to go to. At the same time 360 video VR production is taking place at the destinations tagged as the most demanded and popular. An app is created based on the algorithm that suggests VR content of destinations to the users based on their interests and preferences. After wat...
Our company aims at making the choice of destinations for tourists easier by means of VR/AR technology. We create a product that will enable tourists choose their destinations faster and easier than before. This will be a platform available for anyone who has a smartphone or any VR head mounted display. The platform is being developed and we are about 25% done with the R&D process.
Key processes of the company are as follows:
VRex employees perform an in depth research regarding popular tourist destinations and also types of people and their respective demands towards tourist destinations. Then an algorithm is created that provides matching between various people and the destinations they most likely would like to go to. At the same time 360 video VR production is taking place at the destinations tagged as the most demanded and popular. An app is created based on the algorithm that suggests VR content of destinations to the users based on their interests and preferences. After watching the VR contend about the possible destinations users can book adventures in those destinations right from the app.
Our company is focused on creating the product described above so we try not to waste any time on orders and creating VR content for possible clients. That is why our processes are associated only with creating content needed to push our main objective forward.
At the moment we have accumulated VR content displaying winter skiing tourism destinations in Georgia. We have also created the first prototype of the matching system and are working on its further development. We have also achieved successful integration of CG (computer generated) elements into 360 VR video content and also adding interactive functionality to our content, where users can choose the course of the video themselves.
Our company often takes part in various events and tourism exhibitions (such as Arabian Travel Market, ATM in spring 2016, in Dubai UAE), where we test our new ideas and prototypes, measure the level of interest and validate business model. We have ongoing negotiations with future stakeholders and corporate users of the platform (key elements of our monetization model). Vast majority of them are very excited about our product.
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Chinaccelerator
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Mich Leonidze
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