Tag Archives: new media funding

Singapore: MDA pumps $7.6m into new media

Courtesy : Marketing Interactive http://www.marketing-interactive.com/news/10385

Singapore – The Media Development Authority (MDA) has awarded S$7.6 million worth of funding to five New Media projects following its call for digital media applications and service projects in June last year.

The list of projects being funded includes Fresbo, BotsLIFE, Personal e-Motion, Popular e-Learning Holdings and Glocal, while the MDA expects the initiatives to create as much as 300 new jobs in the local media sector.

“The selected projects strengthen Singapore’s goal to be a leader in the New Media sector,” Michael Yap, deputy CEO of MDA, said in a statement.

“Our support will help the companies scale up their international exposure significantly. These projects will in turn support some 200 companies to help build the New Media ecosystem.

“This funding initiative complements MDA’s ongoing effort to support innovative content development and research and development in Interactive Digital Media (IDM),” he added.

The five projects were selected from 26 proposals submitted in response to the inaugural Call For New Media Applications and Services Projects which closed in September 2008.

Popular’s inclusion into the list (Popular e-Learning Holdings) will please the integrated media group giant as it has openly stated before, its intention to exploit new media platforms and technologies to expand its sales avenues and product salability.

“In light of the present economic climate, the funding from MDA will help Popular defray some of the business risks associated with these New Media initiatives and allow POPULAR to be more ambitious in our development and marketing regionally,” Eric Berthier, CEO of Popular e-Learning Holdings, said.

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Singapore offers MORE new media Funding – itsReal

As Reported in the Today Newspaper Dec 11 2008

“Along with the ambitious infrastructure plans, that includes lofts and recreation facilities, Dr Lee also yesterday unveiled a SGD100 million Integrated Media Fund set up by Salon Media Management….”

Mediapolis @ one-north: Adding growth to Singapore’s Media Ecosystem

Government paving the way for industry demand-driven media hub development

Singapore, 10 December 2008 – Singapore is preparing to scale up its media infrastructure as it makes plans to turn itself into a Trusted Global Media Capital.

A 19-hectare (ha) plot of land has been earmarked for the development of Mediapolis @ one-north – a 200-ha innovation and R&D hub that is master planned and master developed by JTC Corporation (JTC). Mediapolis @ one-north, which will be an industry demand-driven project, is envisioned to be a self-contained and vibrant digital media cluster.

When ready, it will be a hub that will house a media ecosystem comprising soundstages with green screen capabilities; digital production and broadcast facilities; interactive digital media (IDM) and R&D activities; Computer-generated Imagery and visual effects; post-production, games and animation; industry-response digital media schools, business parks, work lofts and incubators; intellectual property (IP) creation and digital rights management.

The development of Mediapolis @ one-north, an ideal environment to promote the dynamic flow of talent and cross-pollination of ideas, will kick-off with the launch of its first site – a 1.2-ha land JTC has reserved for development in the first quarter of next year. Local media production company, Infinite Frameworks, will invest and develop a soundstage complex on this plot of land.

Escalating Demand For TheSingapore Media
Singapore has seen good progress in its media sector in recent times. In 2005, this industry reported an annual turnover of S$18.2 billion (or US$13.4 billion), contributing S$4.9 billion value added (or US$3.6 billion) to Singapore’s Gross Domestic Product, and employing close to 55,000 people.

The media industry is expanding, and we have seen growth in the fields of media funding – about S$1billion are anchored here – award-winning films, games and animation, IDM and major international co-productions such as the filming and production of Mark Burnett’s “Contender Asia” and “The Contender 4” here in Singapore.

Given these positive developments, increasing demands from the industry for more co-production collaboration, the upcoming shoot of Jan de Bont’s “Point Break 2” here next year, and the location of global media giants such as Lucasfilm, Linden Lab, EA, Ubisoft and most recently, Italian gaming and animation company, Rainbow SpA, to our shores, the government has primed itself to prepare Singapore as a future media hub.

As a result, there is a necessity to create a media epicentre; hence, Mediapolis @ one-north was conceptualised to provide a ‘home’ to our thriving media sector.

“The Mediapolis is an essential piece of a comprehensive media ecosystem that we are building,” says Dr Christopher Chia, Chief Executive Officer (CEO) of the Media Development Authority (MDA). ”Over the years, Singapore’s media industry has made great strides, particularly in media financing and international co-productions. To elevate ourselves to the next level, we are finding ways to add scale and synergy to what we already have.

“With the support of the industry, the Mediapolis and its intended array of soundstages, digital post-production facilities and R&D labs, to name a few, will be the infrastructural conduit that will enable Singapore to host international media players and large, big-budget projects.”

As the master planner and developer of one-north, JTC plays a key role in providing the physical infrastructure.

“JTC is pleased to be part of this multi-government agency effort that propels Singapore ahead as a Trusted Global Media Capital,” says Mr Philip Su, Assistant CEO, JTC. “We are glad to contribute to building the critical pieces, which will complement each other in the growth of a vibrant media ecosystem.

“Mediapolis @ one-north will be the 3rd strategic industry cluster in one-north, after Biopolis (biomedical sciences) and Fusionopolis (infocomm, media, engineering and physical sciences). Mediapolis will also be able to leverage on the creative community in the neighbouring Wessex Estate, and tap on the synergies and world-class expertise within one-north.”

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