Epic is putting forward $5 million to developers using Unreal Engine 4 as part of a new grants initiative.
The grant doesn’t expect control of your IP or a slice of your revenue outside the usual Unreal Engine 4 agreement according to Epic’s Tim Sweeney.
The best part? There are absolutely no strings attached. Your project remains yours; you own your IP and publishing rights and you can spend any grant funds however you like. Epic’s goal is simply to help UE4 developers succeed because when you succeed, we succeed.
Projects crowd funded by the likes of Kickstarter are still eligible but the project does need to be in a “working prototype” stage before it will be considered for a grant from Epic. The grant isn’t just awarded to games either as Sweeney mentions
We like games, of course, but we also want to see animated features, architectural visualisations, Marketplace content, mods- anything that will make us say ‘Whoa.’
The grant can range from $5,000 up to $50,000 and is awarded on merit.
While development can be fueled by creativity and determination alone, finishing and releasing a commercial project often requires money. We know this firsthand, as Epic’s early projects were built on shoestring budgets funded by such sources as Tim Sweeney’s lawn-mowing earnings, and Mark Rein’s credit card (before they took it away from him!). A small budget can make all the difference in shipping a project with the content, marketing materials, and promotional expenses necessary for it to gain traction.