Funding boost to games industry

0
554

In the first round of a £5million investment project run by Abertay University, six start-up games companies have secured funding to the tune of £25,000 each.

Overall the project, co-funded by the European Regional Development Fund, the UK government and Abertay University, aims to create 30 new companies and up to 400 new jobs in the games industry.

The university is hoping that the fund will benefit the industry in Dundee where the jobs market has been shrinking.

Successful Scottish applicants in the first round included Edinburgh-based 14 Principles and Triple B Games from Dundee.

Paul Durrant, director of business development at Abertay University, said: “There has been a very high level of interest in the prototype fund and the project has already been cited as an excellent example of targeted support in the recent Scottish Affairs Committee report on the games industry.

“We still recognise there are many challenges facing games development start-ups, particularly with self-funded operations which may not have sufficient working capital to apply in the first place.

“As well as allowing young companies the opportunity to develop a working prototype to secure further investment, the fund will also provide a fantastic opportunity for students and graduates to develop their skills by working on the successful projects.”{jcomments on}