Ontario Investing in Interactive Digital Media Sector
Province Increasing Support for Interactive Digital Media Fund
Ontario is investing $6 million through the Interactive Digital Media Fund to support 52 companies focused on building a vibrant digital media industry, creating jobs and growing the economy.
Minister of Tourism, Culture and Sport Michael Coteau made the announcement today at marblemedia, an award-winning content creation company at the forefront of television and digital media production. marblemedia is receiving $120,000 from the Interactive Digital Media Fund to support the production of their mobile game, Splatalot Attack!
Beginning next year, the province will increase support for the Interactive Digital Media Fund to $10 million. Next year's program, which begins accepting applications today, will also be more flexible, with new funding streams to support a wider variety of projects, including publishing businesses and marketing support.
Supporting a strong interactive digital media industry is part of the government's economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in talent and skills, including helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest investment in public infrastructure in Ontario's history and investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.
- Interactive digital media production contributes over $1 billion in revenue annually to Ontario and supports 17,000 jobs.
- The Interactive Digital Media Fund was launched in 2005, and since then has supported 248 projects with total funding of over $25 million.
- The Interactive Digital Media Fund helps companies develop innovative projects like video games, mobile apps and online magazines.
- Ontario’s interactive digital media companies create critically acclaimed and commercially successful projects that are enjoyed world-wide.
- Ontario success stories include Mega Run, by Get Set Games, which topped App Store rankings and drew the interest of Disney/Pixar, and Loose Strands, an interactive children’s book by Darned Sock Productions, which won awards and recognition across the U.S. and Europe.
“I am proud that our government has increased our support for Ontario’s interactive digital media sector through an enhanced Interactive Digital Media Fund that responds to the needs of the industry. This is one of the fastest growing sectors in Ontario and our government’s investments will ensure that it continues to thrive, creating jobs and contributing to economic prosperity in our province.”
“Success in today’s digital marketplace requires innovation, diversification, new business models, risk-taking and collaboration. Ontario is home to a vibrant interactive digital media industry that demonstrates all these characteristics, and OMDC is committed to support its continued success at home and on the world stage with tools like the IDM Fund.”