WA backs crowd-funded digital projects
The Western Australian Government has partnered with Australian crowdfunding platform Pozible, to launch the ‘3 to 1’ initiative - an incentivised fundraising program to make up to $250,000 available for WA digital projects.
Culture and Arts Minister John the ‘3 to1’ initiative will inspire digital creators to be entrepreneurial about how they raise capital for their production budget, as well as capture the interest of their audiences at the outset of their creative process.
“Creative teams will need to attract contributions online from individuals to secure the ScreenWest grant. This will in effect quadruple their production budget.”
Instead of the more traditional grant allocation, the ‘3 to 1’ initiative will see ScreenWest treble those funds raised by successful Western Australian creative teams.
This means for every dollar teams raise through online crowdfunding, ScreenWest will contribute a further three dollars to the budget, from a minimum of $15,000 to a maximum contribution of $150,000, (meaning creative teams must crowdfund between $5,000 and $50,000 respectively).
The program will support professional narrative-driven screen-content for digital platforms that is not reliant on a television broadcast or film distribution outcome.
Projects can be drama or documentary, traditional short form or challenge convention with interactivity and user generated content, but they must be delivered on at least one digital platform.
More information is at http://www.screenwest.wa.gov.au