Abertay University chosen to run new £2m computer games fund
Hundreds of jobs are expected to be created in the UK's computer games industry, in new and existing businesses, following today's launch of a multi-million pound investment project to be run by Abertay University.
Culture Minister Ed Vaizey launched the project — which will provide a substantial economic boost in Dundee and across the UK — at the Develop Conference in Brighton, an annual gathering of thousands of UK game developers.
The first phase of the £5 million project is a £2 million fund to invest in new computer games prototypes, creating new businesses and giving fledgling companies the chance to attract further investment by developing their intellectual property (IP).
Describing Abertay as "a world-class university", Mr Vaizey said, "I am delighted this morning to launch formally the new £2 million fund to support games IP run by Abertay University, but open to applications from any eligible company located in the UK.
"This fund is a direct response to what many developers tell us is needed. Working with Skillset, the fund will also ensure talented students are able to gain valuable work experience with the industry."
Grants of up to £25,000 will be available to support the development of fully-working prototypes. Commercialisation and project management support will also be provided from Abertay's business and computer games experts, giving each successful applicant the best chance of establishing or developing a thriving business.
Paul Durrant, director of business development at Abertay University, said, "Supporting the creation and success of new, small businesses is crucial to the future growth of this industry, and to the broader health of the UK economy.
"This multi-million pound investment project will create jobs and businesses, allowing talented games developers and digital artists the opportunity to turn their innovative ideas into complete, working prototypes they can showcase to investors."
Photo used under Creative Commons licence courtesy of Flickr user artwork_rebel.
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