According to a Gamasutra report, the University of Abertay in Dundee, Scotland has invested £225,000 ($355,118 USD) in nine video game studios as part of its Abertay Prototype Fund. The fund is designed to support small start-up developers with staff costs related to new intellectual properties. The second round of funding awards £25,000 each to nine companies including Adamant Studios, Atomicom and Proper Games. The first round of funding, which took place earlier this year, handed out around £25,000 ($39,458 USD) each to several companies in the region.
"We're delighted to award £225,000 from the Abertay University Prototype Fund to nine very promising up-and-coming companies," said Paul Durrant, director of business development at Abertay University. "By investing directly in these businesses, Abertay University is giving them the opportunity to develop a prototype – either to take to market, or to secure additional private investment."
Applications for the third round of funding are open now. Studios wishing to apply can do so at the official website. The deadline for submissions is December 14.