Taiwan has launched a grant scheme to boost the island’s status as a global hub for virtual reality production. It is offering finance to projects co-produced by companies established in Taiwan and internationally, but excluding those from mainland China, Hong Kong and Macau.
The three-year Immersive Content Grant for International Joint Ventures or Co-Productions under the Taiwan Creative Content Agency (TAICCA), an independent agency set up by the Ministry of Culture and the cabinet (Executive Yuan), will support projects in two categories, prototypes and products.
Those selected in the prototype development category will receive a maximum of NT$1 million ($33,000). Grants for project in the product category are capped at NT$3.5 million
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