CD Projekt Red teams up with the Polish Government to launch an investment fund of €18 million, for Developers

CD Projekt Red teams up with the Polish Government to launch an investment fund of €18 million, for Developers

In a first, the Polish government has announced its plans in partnership with multiple award winning publishers, CD Projekt Red in the launching of an ‘investment fund that will offer €18 million ($20.5m) to studios working in Poland on “industrial research and experimental development or experimental development only”.’

Newzoo_Polish_Games_Market_2015

Poland apparently is the second largest market in the video game industry in Eastern Europe, second only to Russia as Newzoo reported that the Polish games market is expected to generate $408 million. And now with almost 2000 people employed in this sector, and after taking numerous steps to ‘breed the game-development juggernaut’, seems to now be taking a step even further. In 2011, ex-prime minister of Poland Mr. Donald Tusk had given Barack Obama a copy of Witcher 2 in his visit to Poland. Coming back to 2016, this April has seen the launch of an 18 million euro investment fund in collaboration with their most successful game studio, CD Projekt Red. Speaking about this initiative, R&DE manager for CDPR Stan Just, in an email interview with GamesBeat had this to say:

“Any Poland-based company is eligible if only it has an innovative project to pitch, which fits within designated program parameters.

This what a studio needs to qualify:

1. Developers must have a budget of 500,000 Polish zloty ($129,461) to 20 million zloty ($5,178,464).

2. A project timeline of up to three years.

3. Consists of industrial research and experimental development or experimental development only.

4. Contractors may only make up 60 percent of eligible costs.

5. Work done in Poland.”

witcher3_en_wallpaper_the_witcher_3_wild_hunt_geralt_with_trophies_1920x1080_1449484678 (2)

 

Elaborating about the topic at hand:

“This is a program aimed at increasing the competitiveness of the Polish gaming sector through R&D.We want to stimulate innovation in companies that already have experience in pursuing such a path, as well as encourage new companies to start embarking on more innovative projects.

As for the form of this support, it is a non-refundable grant. Its intensity ranges from 40 percent to 80 percent of eligible costs and depends on the size of the company, type of conducted research, and optional bonus, e.g., for spreading the knowledge on conferences and/or science magazines.”

It is amazing to see such initiatives being taken by the Polish government as well as CDPR is making these decisions which could most probably also give rise to their own competitors, yet proceed with the said decision. ASidCast wishes their best to this initiative!

Source: VentureBeat 

Posts Carousel

Latest Posts

Top Authors

Most Commented

Featured Videos