Abertay Prototype Fund Invests $355K In Nine UK Start-up Studios
The University of Abertay in Dundee, Scotland has invested £225,000 ($355,118) in nine video game studios as part of its Abertay Prototype Fund.
The fund was set up to help start-up and smaller developers that required capital to cover staff costs for the development of new intellectual property.
The first round of funding took place earlier this year
, and saw six UK-based companies receive £25,000 ($39,458) each to help kickstart development.
This second round of funding has now seen nine further companies awarded £25,000 in funding each, including studios such as Adamant Studios, Atomicom and Proper Games.
Paul Durrant, director of business development at Abertay University, explained, "We're delighted to award £225,000 from the Abertay University Prototype Fund to nine very promising up-and-coming companies."
"By investing directly in these businesses, Abertay University is giving them the opportunity to develop a prototype - either to take to market, or to secure additional private investment."
Applications for a third round of funding are now open, and studios can apply at the official website
until December 14.