Screen Australia announce three million in Enterprise Program funding
The third round of annual funding from Screen Australia for its Enterprise Program was announced today, providing $3 million to production companies and screen businesses.
The program in the first two rounds supplied 17 companies with over $12 million to support the development and expansion of businesses.
The deadline for applications is COB on Monday 8 August. Guidelines and application details can be found at Screen Australia.
“Enhanced capacity through Enterprise funding has enabled company producers to recruit key creative and managerial personnel to oversee development and production,” said Screen Australia’s Chief Executive Ruth Harley in a statment. “As a result projects in development have accelerated, particularly in the factual area with six of the 12 first-round companies reporting a total of 115 projects in development in 2009/10. This is anticipated to flow through to increased production levels.”
“The initial achievements and progress of the Enterprise Program are extremely positive and all indicators suggest that companies are shaping up for long-term sustainability.” Dr Harley added. “They’re building alliances with complementary domestic production companies and international partners, attracting private investment, developing new revenue streams and demonstrating innovation in the online environment.”
In a survey of the 12 companies funded through the Enterprise Program in 2009 revealed that in 2009/10 company revenues were up 12% overall, with royalties increasing by 9% and income from distribution increasing by 17% while almost half of the 12 companies generated new revenue streams.
Companies that received funding in October 2010 were:
Blackfella Films – $583,000
Electric Pictures – $650,000
Great Wight Productions – $443,000
Playmaker Media – $600,000
Wild Fury – $750,000.
Companies that received funding in September 2009 were:
Cordell Jigsaw Productions – $1,000,000
Essential Media & Marketing – $900,000
Goalpost Pictures Australia – $750,000
Hoodlum – $1,000,000
Hopscotch Features – $1,000,000
Matchbox Pictures – $750,000
Prospero Productions – $500,000
Renegade Films – $700,000
Roar Film – $600,000
Scarlett Pictures – $600,000
Walking Dream Productions – $750,000
Warp Films Australia – $400,000
Three of these companies have raised well over $1 million each in private revenue from local sources while Matchbox, Hopscotch and Playmaker Media all attracted investment from international companies.
