IMDA first set up a $5 million Virtual Production Innovation Fund in December 2022 to bolster the industry’s capabilities by developing talent skilled in virtual production and investing in production and capability development for Singapore enterprises and talent.

The fund has seen great success in improving the industry’s capabilities and opportunities for talent with virtual production. Through the fund, over 20 creative projects have been made possible and more than 300 media professionals have had hands-on experience in virtual production. The fund has since received a $25 million top-up in December 2023 to develop more local talent and meet the increasing demand for virtual productions in the industry.

Together with American video game and software developer Epic Games , IMDA also hosted Singapore’s first Virtual Production Challenge in April 2023. In addition to financial support from IMDA of $30,000 for production costs, shortlisted teams received coaching and training from Epic Games over three months to adopt Unreal Engine and create digital assets for their virtual production projects.

IMDA also launched the Virtual Production (VP) Innovation Call to encourage local enterprises to experiment with VP workflows and capabilities to realise their creative visions. The initiative saw the development of 9 short-form content pilots, ranging from fantasy thriller to action comedy, that utilised VP in bringing to life various natural and sci-fi environments (such as space stations, mountains and valleys) that are otherwise impossible to access in real-time.

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