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Down but not out; The Interactive Games Fund

Down but not out; The Interactive Games Fund

In the lead up to the recent Australian federal election,  the Australian Labor Party committed to reinstating the Australian Interactive Games Fund, this time with a $25-million budget. The decision has shone a political light on the need for the ongoing support of the local game development industry if we are to take advantage of this popular, global entertainment medium.

Alongside this newfound attention, The Interactive Entertainment Association (IGEA) have released the 2018 Australian Games Industry Snapshot. The report details the immense growth already seen locally, as Australia passes the $4-billion mark, begging the question of how high the industry might reach with involvement from our own government.

Ron Curry, CEO of IGEA spoke about the issue, stating, “Given Australia’s appetite for games, in line with the global trends, we would like to see the re-elected Federal Government start to appreciate that the Australian Games Development industry is an integral part of the overall screen industry, thereby allowing the sector to access screen support programs available such as refundable tax offsets,” said Curry.

“It is imperative that these innovative and creative Australian-based tech companies can compete on a level playing field globally with many other jurisdictions offering support.  Australian games developers should be able to take advantage, culturally and economically, of the global growth of this wildly popular entertainment medium.”

IGEA’s recent paper dove into how and why the Australian game development sector should be supported, titled; Building a Thriving Interactive Games Development Industry in Australia

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