IMDA to launch 5m fund to help local media firms use virtual production technology

08 Dec 2022

The Infocomm Media Development Authority (IMDA) announced the launch of a $5 million Virtual Production Innovation Fund to support the local media industry in developing capabilities needed to harness virtual production technology. IMDA is also collaborating with video game and software developer Epic Games to create an industry challenge, in which companies are encouraged to experiment and use advanced real-time 3D creation tool Unreal Engine for virtual production. Teams with shortlisted projects will receive direct mentorship and training from Epic Games, while also receiving prize money from IMDA to support content production. Johnny Lau, creator of the Mr Kiasu comic books, worked with SP students to produce a nine-minute thriller using virtual production technology. He hopes to submit a proposal for this challenge.