Based by Damian Lee, former head of investments at Krafton, the fund goals to again 100 builders over the following three years.
It introduces a customized investment model known as the Structured Settlement for Indie Launch (Sail), providing capital on the idea stage—earlier than builders also have a playable construct. Every developer can entry $100,000 in funding, with groups eligible for as much as $300,000, disbursed over two years.
“We wish to present accessible pathways for builders of all backgrounds, whether or not they’re self-taught creators with a singular imaginative and prescient, or small groups making their first or second recreation,” stated Lee, founder and managing accomplice of Blue Ocean Video games. “We’re notably excited concerning the immense artistic potential and progressive ideas rising from India, which possess each native relevance and world enchantment.”
Beneath the Sail mannequin, builders retain full possession of their mental property. The construction features a hybrid fairness and revenue-sharing settlement, designed to steadiness developer management with investor returns.
“India is a powerhouse of creativity and technical talent, but many sensible concepts battle to search out early help. Blue Ocean Video games introduces a forward-thinking funding mannequin that provides indie builders essential monetary backing on the earliest levels,” stated Sean Hyunil Sohn, CEO, Krafton India.
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Past financing, the fund may even supply sensible help similar to incorporation help, bookkeeping, and mentorship from trade veterans. Builders will probably be grouped into cohorts to foster community-building and shared studying, it stated.Whereas the present fund is optimised for solo builders and small, first-time groups, Blue Ocean Video games plans to increase help to bigger and extra skilled groups by way of future funds.