DIGITAL GAME DEVELOPMENT & FINANCING EQUITY FUND
EQUITY FUND OVERVIEW
The Digital Game Development & Financing Equity Fund invests in Saskatchewan's digital developers, helping them create digital games with commercial potential. All projects developed and designed with support from this equity fund must be made available for sale.
Opens May 10, 2021 at 12pm
Deadline: October 15, 2021 at 4pm
If a deadline falls on a statutory holiday or a weekend, applications will be accepted until 4pm the following business day.
Digital Game Developers can apply for an equity investment to cover a portion of their project’s development and design costs to a maximum of $100,000.00 or 50% of the development expenses, whichever is the lesser. Creative Saskatchewan’s stake in the developed product is based on a percentage of the total equity raised by the developer.
To provide developers with improved access to this grant while facing financial pressures associated with COVID-19:
a restriction that prevented applicants from including both an administration fee and in-house expenses in their project budget has been temporarily removed
Digital games and gamified e-learning projects are eligible for this equity investment. Eligible projects include apps for smart phones and tablets, console or PC games, and augmented or virtual reality experiences. Projects focused on education or training are welcome, as long as the experience has been "gamified," meaning users will feel like they are playing a game.
OFFICIAL DIGITAL GAME DEVELOPMENT & FINANCING GUIDELINES
All applicants must read the Official Digital Game Development & Financing Guidelines. The official guidelines supercede all information contained elsewhere on this website, delivered to applicants by Program Officers, or otherwise made publicly available.
All applicants must read the General Program Guidelines, which contains important details that apply to all Creative Saskatchewan grants.
Experience & Capacity
FREQUENTLY ASKED QUESTIONS
Creative Saskatchewan's stake in the digital game is based on its percentage of the total amount of equity raised by the developer. As the game creates revenue, a percentage of that revenue equal to our stake is paid to Creative Saskatchewan. When the original investment is repaid, Creative Saskatchewan returns half its stake to the developer.
This was a result of consultation with digital developers and SaskInteractive. They indicated a preference for equity investment as opposed to a grant. In the digital sector, equity investments create more interest in and credibility for a commercially-viable project, as compared to a grant.
Digital game development skills are an important part of the creative and technological economy. Coding expertise and creative skills are required in many other parts of the digital landscape. This investment in commercially-viable digital game development is an investment in digital innovation.
Creative Saskatchewan is legislated to invest in "commercial cultural content." Games are the digital sector's most "commercial cultural" undertaking, and the right fit for Creative Saskatchewan's mandate.
Without getting too prescriptive, we'll leave it to the jury to decide if a project is or isn't a game. Generally speaking, we'll ask the jury to look for things like point scoring, competition against an opponent (computer or person), rules of play, levels, achievements, and... fun.
The application of typical elements of game playing (e.g. point scoring, competition with others, rules of play) to other areas of activity.
A digital project focussed on education or training that delivers the content in a "playable" form. Applicants will identify their project as either "digital game" or "gamified e-learning" when they apply. A jury will determine if a digital e-learning project is adequately gamified.
EQUITY INVESTMENT DETAILS
Click here for details about Creative Saskatchewan's equity investments, including how recoupment and profit participation is structured.
OTHER FUNDING RESOURCES
APPLICATION PROCESSING TIME
Applicants can expect to receive results within 10 weeks from deadline date.
Results will be delivered via e-mail, and will be available in GMS.