Canada Launches $2 Million Competition for Game Developers

Authored by Mark Hefflinger on November 16, 2006 - 4:24am.

Toronto - The Canadian government has announced the launch of a video game development competition that will award a total of $2 million in financing to start-up studios.

Telefilm Canada, a government agency that promotes the country's audiovisual industry, hopes its "Great Canadian Video Game Competition" will help bring more of the $20 billion video game market to the country.

Big-name video game publishers with presences in Canada, including Electronic Arts, Ubisoft and Radical Entertainment, will mentor smaller developers seeking the financing.

The initial round of the competition will provide 10 companies with $50,000 to develop a concept; four companies will then receive $250,000 each to create a playable prototype; and a winner will be awarded $500,000 to support commercialization of the game.

Related Links:
http://www.telefilm.gc.ca/03/vgabout.asp