Despite the challenges caused by the COVID-19 pandemic and increasing economic uncertainty, new startups are founded every day. To introduce you to 5 recently founded virtual reality startups, we analyzed 1.130 startups in the field. All of them develop innovative solutions spanning from immersive rehabilitation to workplace training.
The 5 promising virtual Reality startups you should watch in 2021 were hand-picked based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. The 1.130 companies that were analyzed for this report are identified using the StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. When you are looking for up-to-date solutions for your innovation units, R&D, or product development department, the StartUs Insights Discovery Platform gives you the most exhaustive collection and ensures you continuously discover new startups, scaleups, and technologies.
Global Startup Heat Map: 5 Virtual Reality Startups to Watch
The Global Startup Heat Map below highlights 5 virtual reality startups developing technology-driven solutions for multiple industries. Moreover, you can explore global hotspots for VR startups and even download this graphic to include in your next presentation.
Axon Park provides Virtual Workplace Training Solutions
Virtual reality enables companies to train their employees and connect teams working from different locations around the world. Over a quarter of students trained via VR perform faster and make fewer errors instead of when they are trained conventionally. This shows the immense potential of this application. Today, VR-based immersive learning platforms provide a training environment for workers to develop practical skills as well as interpersonal skills.
US-based startup Axon Park provides VR and Augmented Reality (AR) training and education for hospitals, organizations, governments, and universities. Currently, Axon Park focuses on a highly-immersive and interactive virtual personal protective equipment (PPE) training experience designed to deal with COVID-19 effects. The in-built predictive analysis engine and data visualization dashboard help to identify where users are likely to make mistakes and hence place more on these steps. The technology has no space constraints for the user to get hands-on training, thereby eliminating the need for the physical availability of users.
Lumeen offers VR Technology for Senior Care
VR technology engages and entertains senior citizens in nursing homes and senior care centers by moving throughout the simulated environment. The technology helps individuals reduce loneliness, improve mental health, and visualize places without the need to leave their homes. Elderly people feel more relaxed after engaging in VR sessions and experience a range of care and entertainment at home.
Based in France, Lumeen’s non-drug approach to improve the care of dependent elderly people is an adapted and easy-to-use mobile therapeutic virtual reality solution. The solution helps caregivers to provide VR therapy sessions for the elderly. For example, caregivers adopt Lumeen’s solution to improve the comfort of patients hospitalized at home during anxiety or painful care. The solution improves well-being, stimulates social ties, and fights against depression, isolation, and apathy.
Neurofit develops VR Technology for Immersive Rehabilitation
VR emerges as a rehabilitation therapy for patients with neurological conditions. This technology improves patient’s motor-imagery, the ability to imagine, plan movements, and re-engages their motor circuits, by improving the recovery of motor functions. Conventional therapies need at least one therapist to work with the patient, thus increases resources and costs. Opportunities in VR provide an increasing prevalence of low-cost VR devices and enable this technology to be used more frequently.
Neurofit, a Canadian startup, provides a rehabilitation tool that brings patients and professionals together. Neurofit offers three categories of therapeutic exercise – attention, processing, and memory. The startup’s solutions Neurofit VR and Neurofit Web provide a complete immersive rehabilitation experience designed to build brain health and wellness along with accessible care that is available at any time from anywhere through a web browser. The solution assists in analyzing patients’ cognitive abilities and engages them in the rehabilitation process both on-site and remote.
Alloverse builds Virtual Collaboration Tools
The time and costs associated with transportation to physically bring together team members from different geographic locations are substantially higher than the cost of a virtual collaborative application. With companies realizing the benefits of remote work, implementing a strong virtual collaboration environment has become an imperative. Virtual collaboration establishes strong relationships with teams, decreases communication lag and face-to-face meetings that are commonly used by distributed companies and scientific teams.
Alloverse, a Swedish startup, develops an open-source platform for virtual collaboration. The startup’s app, AlloApp, enables anyone to create multi-user virtual workspaces and the 3D applications to deliver them. AlloApp allows anyone to build or design their own classroom, simulator, and workshop with any programming language using Alloverse’s universal API. Moreover, Alloverse allows diverse apps to run side by side, connect with each other, and be collaboratively used by multiple people at the same time.
Fatamo creates VR Solutions for Real Estate
VR technology enables individuals to visit properties virtually without leaving their homes. VR has made architectural visualization easy and a lot more immersive. For example, real estate agents use VR technology to show both the exterior and interior of properties that are not yet built. This enables customers to get a clear look at what is being offered before seeing the actual building.
Danish startup Fatamo provides the latest VR equipment to real estate agents to show buyers how their homes will look like after renovation or remodeling. Fatamo provides its customers with VR equipment to visualize the exterior and interior of the buildings through VR glasses and creates the opportunity to stream visuals on TV, mobile, or tablet. Real estate agents simply have to book appointments with Fatamo to take pictures of the properties and the company provides the visualizations to demonstrate to the clients.
How will Virtual Reality impact your company?
To stay ahead of the technology curve, it is important that you know which technologies and industry trends will impact your company. Explore our free Industry Innovation Reports or let us do the work for you. To keep you up-to-date on the latest technology and emerging solutions, we provide you with actionable innovation intelligence – quickly and exhaustively.