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: GamePolitics.comDeath by Economy: Winnipeg Videogame Incubator to Close
By pete_gallagher
Billed as North America's first videogame business incubator, Fortune Cat Games Studios is preparing to close up shop after four years of operation.
The Winnipeg, Canada-based initiative provided rent-free office space and computer systems to small project teams and hooked up the fledgling developers with mentors and contacts in order to advance their skill sets. According to a Winnipeg Free Press story, the non-profit is shuttering because it could not secure any funding for operations in 2011.
Federal funding for the incubator ceased about a year and a half ago, while provincial funds run out this year. The provincial government stated that it seeded the business with $662,954 between 2005 and 2010.
Fortune Cat's Executive Director Ryan FitzGerald said about the closing, 'I cannot blame anybody. The worst thing I can say is that we had the right idea, but bad timing for federal reasons and provincial reasons and for industry reasons.'
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Full post as published by GamePolitics.com on August 10, 2010 (boomark / email).
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