Game development rebate to strengthen emerging industry – Asia News

Ginny Andersen, New Zealand’s Minister for the Digital Economy and Communications, has announced that the Government has finalized the design of the rebate system for the game development industry, following a constructive period of consultation with the industry.

“We have received valuable feedback from the industry on the project that was submitted for consultation earlier this year. We have taken many of the suggestions into account and have adjusted some criteria to better align with industry operating practices,” said Ginny Andersen.

“We want it to be a simple experience, so we have included a pilot application process for the first year, so that NZ On Air can test and refine its administrative processes for reimbursement,” he continued.

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“The Government recognizes the global potential of our game development sector in New Zealand. This investment in the industry will be another step forward to grow and retain our innovative creators and cutting-edge talents”, explained the minister.

The sector is a creator of weightless exports and highly-skilled, well-paid jobs, in line with the Government’s vision of a low-emissions, high-wage economy, and contributes to raising our productivity and wealth. This small but rapidly growing sector contributes heavily to the country’s GDP, bringing in more than $400 million in revenue last year.

Through Budget 23, the plan will provide $40 million a year to offer and administer the discount plan.

This small but rapidly growing sector contributes greatly to the country’s GDP

This initiative will help NZ On Air establish an efficient and simple application process that works for all applicants. It will also have the advantage of getting some funds flowing into the sector as early as the October-December 2023 quarter.

“The rebate will strengthen the game development industry and support our studios developing New Zealand intellectual property. Now that we have laid the groundwork for the plan, we are ready to continue driving the game development industry in New Zealand,” concluded Ginny Andersen.