The Nordic Computer Game Program funding initiative, which grants money to developers in Nordic territories, has just closed its second round of funding applications – revealing that funding has been sought for 101 projects in the whole of 2007.
The initiative aims to give five million kroner (just over £466,000) to developers in 2007, with 2.5 million kroner already granted in the first wave of funding earlier this year. Recipients of this round of funding will be announced at Copenhagen’s upcoming games fair, D3 Expo, which runs from November 16th to 18th.
“We have rather mixed feelings over having once again received such a staggering number of applications", says Erik Robertson, head of the Nordic Computer Game Program.
“On the one hand I am proud that our funding programme has had such a great impact, and that we are now receiving applications from all parts of the Nordic countries. On the other hand, over 100 applications in one year is a lot in relation to the total number of Nordic games companies.
Explaining the large number of applications, he added: "This is both because DKK 5 million doesn’t stretch very far considering that the total amount applied for is more than DKK 50 million, but mostly because it indicates a steep rise in the need to attract capital to this industry”