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German Government Will Support Local Game Developers With Funding

EARLY VENTURE | ANNOUNCEMENT DATE: 28 AUG 2020
WRITTEN BY | 29 Sep 2020
German Government Will Support Local Game Developers With Funding
EARLY VENTURE

💵 Government Support

  • 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

  • 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

  • To qualify for the fund, the company must:

    • have headquarters or registered business within Germany

    • be a legal entity like GmbHs and UGs

    • prove financial security of the project

    • benefit to economic and job market of Germany

    • prove that funding is necessary

    • pass the “cultural test”. It should be similar to the one in UK, which asks: cultural content, cultural contribution, cultural hubs, cultural practitioners

  • The fund covers variety of projects, from prototypes and co-productions to ports:

    • Prototype production costs must be between $35.7k and $476k

    • Other types of production must cost of at least $119k

  • The funding of the project depends on its development cost:

    • Projects between $119k and $2.4m will receive up to a maximum of 50% of funding

    • Projects between $2.4m and $9.5m will receive between 50% and 25% of funding on digressive scale

    • Projects above $9.5m will receive a maximum of 25% of funding

    • 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

  • The funding doesn’t exclude any other types of subsidies

SOURCES: GAMESINDUSTRY, GAME.DE

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