The German government is ready to finance up to 50% of the development of local games

After yesterday’s launch of Gamescom 2020, information about the launch of the updated program was confirmed by Minister Andreas Scheuer.

• German companies will be able to apply for grants from September 28;to receive financing, the company must be located in Germany or have a registered business in the country;
• According to Felix Falk, director of the Association of Representatives of the German Gaming Industry, such an initiative will help the country become a competitive player in the international market;
• The conditions for obtaining a grant depend on the type of project, and the amount of financial assistance (minimum 25% and maximum 50%) is directly related to the cost of development.
  

• prototypes are ready to compensate 50% of the development cost. The budget of such projects should be in the range of €30-400 thousand;projects with a budget from €100 thousand to €2 million will be able to receive a grant of up to 50% of the budget;
• games with a budget from €2 to 8 million — in the range from 25% to 50%;
• projects worth over €8 million — maximum 25%;
• if the budget of the game exceeds € 40 million, the amount of the grant will be determined on an individual basis.
• It will depend on many factors — from cultural value to innovation.”If [this program] is successful, we will soon be able to see a lot of innovations and new games made in Germany,” Falk notes.

Also on the topic:

• Germany will annually invest €50 million in its budget for the development of the gaming industryThe State Duma deputy proposed to allocate budgetary funds for the development of games
• Hamburg will invest more than €2 million in the development of game development
• Is there any news?