A new Montreal-based indie incubator has raised $1.4 million to help launch new game development studios in Canada.
Execution Labs is designed to help teams of experienced developers create and release their titles and form new companies.
Teams selected by the incubator will receive seed funding, shared office space and development tools as well as access to various mentors to aid with game creation and marketing.
Developers will also be offered post-release support in customer acquisition and live operations, as well as legal guidance and help in finding early-stage investors.
Execution Labs will receive equity and a share of revenue from each team depending on its level of investment.
The game incubator is headed by former International Game Developers Association director Jason Della Rocca, ex-Gameloft head of deployment Alexandre Pelletier-Normand and former OpenFeint monetisation VP Keith Katz.
“The diversity of new gaming platforms and business models has created a ton of opportunity for developers, but navigating this crazy space can be a really daunting prospect for small indies,” said Della Rocca.
“The Execution Labs model is designed to make things much more manageable for indies from both a creative and business perspective. Ultimately, we want to foster a new wave of game entrepreneurs who own and control their IP.”
Execution Labs is currently only taking applicants based in Canada, although it said it had plans to accept international applications in future.
Visit the official website for more information.