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Creative England, Sony Europe investing $400K in new game studios
Creative England, Sony Europe investing $400K in new game studios
September 2, 2014 | By Mike Rose

September 2, 2014 | By Mike Rose
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More: Console/PC, Business/Marketing



Newsbrief: Creative England, a British not-for-profit organization who invests in the country’s creative industries, has formed a new accelerator program with PlayStation to invest £250,000 ($413,400) in British video game companies.

The program, called GamesLab Campus, is looking for five game studios in England to invest in, with £50,000 ($82,700) going to each company to make games for PlayStation 3, PlayStation 4 and PS Vita.

The five successful studios will also receive mentoring and technical benefits from the program. Applications close on September 24.


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Comments


David Mitchell
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I had a mini rant about this on Twitter but I think it's worth mentioning that the programme actually requires the selected game companies to pay back 35% of the investment once they receive the first set of funds.

This basically pays for the all the "benefits" they advertise. So you only really get up to £32,500 to spend making the game.


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