German Government Will Support Local Game Developers With Funding

💵 Government Support
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German government released a major initiative in support of national gaming industry — a funding plan that will allow developers to get back up to 50% of their development costs
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Companies will be able to submit for a “non-repayable grant” to the Germany’s Federal Ministry of Transport and Digital Infrastructure (BMVI) starting September 28, 2020
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To qualify for the fund, the company must:
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have headquarters or registered business within Germany
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be a legal entity like GmbHs and UGs
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prove financial security of the project
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benefit to economic and job market of Germany
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prove that funding is necessary
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pass the “cultural test”. It should be similar to the one in UK, which asks: cultural content, cultural contribution, cultural hubs, cultural practitioners
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The fund covers variety of projects, from prototypes and co-productions to ports:
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Prototype production costs must be between $35.7k and $476k
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Other types of production must cost of at least $119k
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The funding of the project depends on its development cost:
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Projects between $119k and $2.4m will receive up to a maximum of 50% of funding
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Projects between $2.4m and $9.5m will receive between 50% and 25% of funding on digressive scale
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Projects above $9.5m will receive a maximum of 25% of funding
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Projects above $47.6m will require individual evaluation, based on “innovative impulses, cultural relevance, economic effects and available means”, though existing thresholds remain in place
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The funding doesn’t exclude any other types of subsidies
SOURCES: GAMESINDUSTRY, GAME.DE

