There's no doubting the ability of VR to create immersive experiences for gaming and other forms of entertainment. However, Oculus wants to make sure nonprofit organizations and students have the opportunity to tap into those possibilities as well. To lend a hand, the virtual reality company announced a two-fold initiative called "VR for Good." One part of the project will partner up 10 nonprofits with "rising filmmakers" to create 360-degree videos for virtual reality. Organizations will get two days worth of training at Facebook headquarters, Nokia OZO cameras and post-production help. What's more, the collection of videos will debut at Sundance next year.