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Fund for digital media businesses

A screenshot from Tick Tock Toys
A screenshot from Tick Tock Toys

SCOTLAND’S GAMING and interactive media firms are being given the opportunity to pitch for grants of up to £25,000 to drive forward their projects.

Abertay University yesterday said it had reopened its Prototype Fund for applications from companies operating in the digital media space.

The fund is designed to help ambitious young firms get over the critical early funding gap that can constrain development and help support them towards the commercial release of their game or app.

To date, the fund has invested in dozens of companies across the UK, but the latest round is specifically targeting companies trading or planning to locate in Scotland.

Paul Durrant, director of business development at Abertay University, said: “The Prototype Fund has been a big success already, with over 300 applications for investment and almost 60 projects successfully receiving funding.

“These have included one company which secured an £800,000 private investment to turn their prototype into a finished product, and Bafta winner Tick Tock Toys from Swallowtail Games which received promotion from Apple in 40 countries worldwide upon release.”

As well as funding, successful applicants will have the option to take up studio space at Abertay and will be able to access its high-end computer systems.