19.1 C
United States of America
Wednesday, April 17, 2024

Owlcat Video games veterans launch program for newly-started Europe, MENA devs Categorical Instances

Must read

Dmitrii Filatov and Grigory Bortnik, who beforehand labored at Pathfinder developer Owlcat Video games, have launched Narwhal Accelerator.

The brand new program will present as much as $100,000 in funding cash to builders in Europe, the MENA, and Latin America. Narwhal will even help studios with reaching out to publishers and buyers for a two-to-four-month interval.

Builders will keep full management of their enterprise and growth selections. Nevertheless, Narwhal says it expects a small stake in an organization’s shares in return.

Whereas accelerators are commonplace within the IT sector, Filatov famous they are a rarity in video games. The pair wish to assist studios with its providers, which cowl “probably the most important enterprise points, particularly for early-stage corporations.”

An extra $100,000 will even be supplied to help departments corresponding to authorized, HR, and expertise acquisition.

“The important thing query for us is the crew’s potential to construct a strong enterprise and launch a profitable product,” added Bortnik. “We intention to persuade buyers that our portfolio studios have the potential to develop and grow to be business highlights.”

At Owlcat, Bortnik was an funding director, and Filatov was an government producer. Bortnik beforehand dealt with investments for The Video games Fund and MGVC; Filatov additionally previously labored at MGVC and recreation fee agency Xsolla.

Presently, Narwhal’s companions embrace their former employers. events can apply right here.

- Advertisement -spot_img

More articles


Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article