The Karnataka Government on May 14 announced a grant of Rs 2.5 crore for Intellectual Properties (IP) in the animation sector. The grant is aimed at developing world-class content for a global audience from Karnataka.
The State Government will provide a grant of up to Rs 50 lakh to each of the IPs in the field of animation to promote creation of original content that will showcase world-class storytelling effects.
With a view to support the animation, visual effects and gaming industry, the Information Technology department plans to set up Center of Excellence in Animation in Bengaluru which will help build internal skill capacity, provide pre and post production support and have incubation centers.
IT Minister Priyank Kharge said, “The grant is aimed to encourage local and original ideas from across the State and put them before the global audience. Such IPs will position ourselves as creators of world-class content and not just services industry. We strongly believe that Bengaluru has every potential to create global content and offer an international platform for animation, visual effect and gaming industry.”
“Bengaluru is also famous for its track record in visual effect works on popular movies such as The Jungle Book, which won the Oscar for the best visual effects, and has a friendly eco-system for such industries,” the Minister added.
The grant to IPs in animation will be part of Idea2PoC initiative launched by the Karnataka Startup Cell. Idea2PoC is part of India’s first multi-sector start-up policy of Karnataka. The policy aims to nurture tech start-ups and product-based firms with the support of industry and investors. The policy aims to take care of early stage funding to boost scaling up of concepts and ideas to help in validating proof of concept.
Source: ET tech
