The New South Wales Trade and Investment department has today announced the continuation of the Digital Media Initative funding project.
The Digital Media Initiative (DMI) was a funding opportunity from the NSW government which supported the local games industry with AUD$50'000 or AUD$250'000 investments in digital media projects throughout the state, especially games.
After a period of some speculation as to whether the change in state government would see the program scrapped or not, Deputy Premier Andrew Stoner announced that it would be continued and expanded, while also being renamed to the Interactive Media Fund (IMF).
Mr Stoner said: "In May, I announced funding for 20 creative digital content projects under the Digital Media Initiative which received strong endorsement from peak bodies. We are refining the Digital Media Initiative to reflect its alignment with industry priorities and have invested $3 million in the new Interactive Media Fund."
"The Interactive Media Fund represents a renewed focus on interactive content, a key element in digital innovation with the ability to benefit other sectors such as health, finance and education."
"We’re also increasing the amount of enterprise funding available under the Interactive Media Fund from $100,000 to $250,000 to better help expanding companies bring in specialist skills to work across complex projects."
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