Singapore’s IMDA launches $3.7m virtual production fund

Justin Ang

Singapore government agency Infocomm Media Development Authority (IMDA) has launched a $5m ($3.7m) virtual production fund.

The fund will help to support the local media industry to develop the capabilities they need to make use of virtual production technology.

IMDA is working to develop talent that is skilled in using virtual production, as well as investing in production and capability development for business and talent in Singapore.

To this end, IMDA has partnered with the National Film and Television School in the UK to train up media professionals in the use of this tech. It will also fund up to 50% cost of projects submitted for proposal by local companies.

The move comes in the same week that IMDA partnered with local channels operator KC Global Media to develop Fallen 8, an animated sci-fi fantasy series based on a classic Chinese legend.

Justin Ang, assistant chief executive, media, innovation, communications and marketing, IMDA, said: “The impossible can be made possible, limited only by the imagination of our filmmakers. We are excited to see more innovative and compelling stories resulting from the use of virtual production to strengthen Singapore’s position as a hub for content and IP creation.”