Game development organizer Gamedev.World has announced that it will launch a new fund to support developers in “emerging regions” around the world.
Game development organizer Gamedev.World has announced that it will launch a new fund to support developers in “emerging regions” around the world.
The Global Games Fund will launch this summer providing grants ranging from $5,000 to $50,000 to studios in emerging regions around the world, to support early-stage game development. initial stage or pre-production.
This fund is open to all “non-Western” developers and game makers are invited to market games in Arabic, English, French, Spanish, Russian, Japanese , Simplified Chinese or Portuguese.
The agency also promises a developer-friendly remuneration structure, offering three ways to receive the grant. The repayment clause will expire three years after the commencement of the relevant work, excluding any remaining liabilities and conditions if costs have not been recovered.
Ismail and Lachapelle are also looking for investors and partners to collaborate to create additional funding opportunities and provide mentoring support to funded developers.
According to the report, both acquisition and capital mobilization activities were unstable at the end of the year. Most of the $86 billion value comes from the completion of Microsoft's $68.7 billion acquisition of Activision Blizzard. That deal was delayed by legal challenges, reflecting the complex financial environment. However, the value of game deals in 2023 set a record.
There are 163 M&A deals announced in 2023 with a disclosed deal value of more than 10.5 billion USD. The acquisition of Scopely by Savvy Games Group/PIF (Saudi Arabia's Public Investment Fund) for $4.9 billion tops the rankings and the acquisition of Kahoot by Goldman Sachs for 1, 7 billion USD and Tencent's acquisition of most of Techland (at 1.6 billion USD) are deals worth more than 1 billion USD. Public reports from Newzoo and other third-party companies predict that the games market will grow 2.9% to $189.3 billion in 2024, up from $184 billion the year before. Public-market gaming electronic exchange-traded funds (ETFs) rose between 4% and 12%.