4 million euros for companies that deal with video game development. This is the amount of the contribution that the State will provide in 2021 for startups and other Italian companies, thanks to First Playable Fund.
An interesting novelty for all the companies and startups that orbit around the videogame galaxy, which now for the first time can have a dedicated contribution.
Who can benefit from the video game development fund
All companies that meet the following requirements can benefit from the video game development fund (First Playable Fund):
- operational headquarters in Italy and registered office within the territories of the Union
- They mainly carry out software publishing or production activities, IT consultancy and related activities.
Further restrictions for access to the Fund are available in more detail on the website Ministry of Economic Development.
How much is the subsidy for video game development?
The contribution amounts to 50% of expenses expected, for a total investment of sover 20 thousand eurosThese are significant figures, especially considering that it is a non-repayable investment and that it is the first contribution of its kind in the video game sector.
Video Game Projects Companies Can Submit
Projects eligible for the incentives are required to produce a video game prototype that is intended for commercial distribution.
The costs for the production of the prototype must be:
- overall no less than 20 thousand euros, at least according to initial forecasts
- be started following the application for assistance and concluded within 18 months.
There are no restrictions nor any further indications regarding the type of video game, so let's get creative!
How to request the contribution
It will be possible to request the contribution for the development of video games from 31 June 2021, by companies with operational headquarters in Italy.
The initial endowment is 4 million euros and concerns projects of different types of video games - as we said - with commercial distribution.
When to apply for the grant
Applications can be submitted from 30 June 2021 at 12:XNUMX via the platform that will be launched by the website of the Ministry of Economic Development and Invitalia.
The submission must be done exclusively via the platform, for which you will need:
- SPID
- use of the Italian language to formulate the request
- the request must be made by the legal representative of the company.
A rather rare opportunity, which is already attracting a lot of interest from those who work in software development.
Pizero Design has also tried its hand at developing video games in the past, including our work for Need for Speed: Undercover and for Angry Birds.
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Are you a startup interested in the video game industry?
Contact the Pizero Design team to get a tailor-made consultation and take advantage of the contribution of the First Playable Fund.
Or are you a company that wants to give a breath of fresh air to your brand and is thinking of exploiting gamification?
Then our article on might be right for you. Practical examples of gamification in the company.