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Public Funding for Volumetric Video Ltd

Registration Number 13651686

Rivar App - Chat, Tip and Reward

49,702
2023-08-01 to 2023-12-31
Collaborative R&D
Volumetric Video Ltd (Volvid) brings musicians, celebrities and speakers closer to their audience using AI-enabled, live streaming volumetric video in '3D' AR for the first time via a consumer facing mobile app called 'Rivar'. Volvid will stimulate a new economy and culture for creative industries around this epoch changing new immersive communication technology. Broadcasting from their London capture studio, fans experience the physicality of their favourite performers LIVE in 3D AR on their desktops via wifi, or outdoors on the pavement using 5G. Grant funding will facilitate development of a new revenue stream for Volvid and Rivar content creators that deploys in-app currency to facilitate frictionless tipping and community rewards that encourages good 'community' activity from users to drive app downloads, fan engagement and audience retention.

Rivar App - Algorithmic Tag, Search and Recommend

28,898
2023-06-01 to 2023-10-31
Collaborative R&D
**Volumetric Video Ltd** (Volvid) brings musicians and celebrities closer to their audience using AI-enabled, live streaming volumetric video in '3D' augmented reality for the first time via our consumer facing mobile app called 'Rivar'. We hope to stimulate a new economy and culture for creative industries in an innovative new market for volumetric video capture that is globally expected to grow to $6.45bn by 2027 at a CAGR of 29.3%. Rivar enables audiences to engage with live performances and presentations in 3D AR on flat surfaces such as floors, tables, pavements or playgrounds through wifi or 4G and 5G. Live events are then archived to build the world's largest content library of volumetric video entertainment within Rivar. Grant funding enables Volvid to develop specific Search and Recommendation functionality to improve the User Experience that will generate revenue by helping users to access content that is relevant to them. Volvid's vision will be to develop granularity in the metadata tagging of performances to enable swift and personalised product search for the benefit of Users, Owners and Content Creators.

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