Published on July 10th, 2013 | by Editor0
New UK IP’s encouraged with £25,000 development fund
UK developers have one week left to apply for up to £25,000 from the University of Abertay Dundee’s Prototype Fund.
The fund has been set up for existing companies that have already released games, but are looking to create a new IP and need funding to reduce the business risk.
The Prototype Fund has already supported 70 game development companies across the UK from Brighton, Dundee, Manchester and other locations.
The Prototype Fund recognises how difficult it can be for younger companies and start-ups to secure financial investment from banks.
Paul Durrant, Director of Business Development at Abertay University, wants to see developers move into sustainable independent projects instead of developing for other companies.
“We’re looking for projects from existing companies who are looking to test a new idea, maybe make the move from building games for other companies to creating something which is 100% theirs.
“Britain’s games industry has an incredible wealth of creativity and talent, and we want to hear from promising young companies who could benefit from up to £25,000 for a new project.”
The fund is supported by the University of Abertay, the European Regional Development Fund administered by the Scottish Government, and UK Government funding administered by the Department for Business Innovation and Skills.
The fund itself has been nominated in the Business Development category at the Develop Awards hosted in Brighton this evening.
Interested developers have until 17 July to apply for investment. More information can be found at http://prototypefund.abertay.ac.uk/.
(Image source: Scottish Games Network)