In a big announcement this morning MP Simon Crean announced a federal game development fund of AUD$20 million.
The fund is aimed at supporting local development over the next three years. To put it in perspective, the Interactive Media Fund in New South Wales distributed AUD$1.5 million over the same time period, so this is a huge boost for the industry.
GameSpot has reported Mr Crean as saying: "Australian games studios are recognised internationally for their skill and originality in developing interactive games played all over the world, but the local industry is coming under increased pressure in the midst of a major market shift."
"This is a substantial investment to foster this growing sector where artists, musicians, writers, performers, and software developers collaborate to meet the local and global demand for interactive entertainment and education."
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