European Union To Support Game Developers, Creates €1.5 Million Fund
Good news for struggling game developers set in Europe: the European Union was finally persuaded by the European Games Developer Federation's lobby and decided to back their project. A €1.5 million fund has been created and now it awaits for the grants applications.
September 13, 2007
Interested parties have until November 15, 2007 to submit and will be informed of the results no later than during April 2008. A second deadline has been set for and April 15, 2008, with the results scheduled to be made public during September 2008.
The budget will be split equally and each deadline will get €750.000. The grant starts from a minimum €10,000 and goes as up as to €60,000. There is an exception, of course3: the development of prototypes for games consoles, handheld consoles and computers can get the larger €100,000 grant..
It may sound good, but note that there is one condition that must be meet:
“Companies submitting an application must have completed a previous work, which has been commercially distributed during the period between 1 January 2005 and the date of submission of their application.”
The European Games Developer Federation represents about 500 studios based in Austria, Belgium, Germany, Great Britain, France, Italy, the Netherlands, and the Nordic Countries, which together employ over 15,500 people.
Additional information is available here.