EU creates €1.5 million games development fund

The European Union (EU) has come to the aid of European game developers by announcing a new fund of €1.5 million to aid games development in Europe. Any game developer can now apply for grants under this fund, if that developer has successfully developed one game product since January 1, 2005.

In addition, this fund would be available to developers for game development projects across the PC, console and handheld game platforms. New game developers can receive grants worth a handy €100,000, but for projects that are under development the grants range from …