Indie-fund posts

It's been over a year since several developers of successful PC indie game titles announced plans for the Indie Fund, an organization dedicated to helping fund promising indie game titles. PC Gamer reports that during a panel at GDC 2011 today the Indie Fund finally revealed which games would receive its first phase of grants.

One of the games is one some of you may have heard of: Monaco, the winner of the grand prize in the 2010 Independent Games Festival. The top down stealth action game comes from the one man team (Andy Schatz) at Pocketwatch Games. The second title is Shadow Physics, a platformer set in a world of shadows cast by shadows. The final game title to receive funding is Q.U.B.E., a title from Toxic Games that's a first person puzzle title with some similarities to Portal. There's no word on how much money each development team received from the Indie Fund. Meanwhile the organization still has half of its money and is still taking submissions from other indie game developers.

It's been nearly a year since some of the most famous indie game developers banded together to form the Indie Fund, an organization designed to offer financial support for select indie game developers. Today the organization announced that it has selected three upcoming indie games to support, two of which are due to be released this year.

However we still don't know which games have been selected for the honor. They will be revealed during a panel at next month's Game Developers Conference. In the meantime Indie Fund, which is composed of the two man team of 2D Boy and Braid creator Jonathan Blow among others, states that it has half of its funds waiting to be used. It is still taking submissions on its official web site for more indie games to be funded by the group.

Last March a group of successful indie game developers, including the two man team of 2D Boy (makers of World of Goo) and Jonathan Blow (the creator of Braid) announced plans to launch Indie Fund, a venture designed to help fund the making of promising indie games. Today the Indie Fund web site launched its application process allowing development teams to submit their games for possible funding by the organization.

The submission process requires not only a description of the game but also a video that shows in-game footage from the title. Indie Fund plans to give out money to five or six games over the next two to three years although the venture could raise more money for a second round of funding if the first is deemed successful.

The independent game development community has seen some major success stories in the past few years with small and even one-man teams creating PC games that have been both popular and received critical acclaim. Now a number of the more successful indie game developers are teaming up to create a new source of money for their fellow developers.

The venture is called simple Indie Fund and was established to help "indie developers get financially independent and stay financially independent." The seven backers of the fund include the two man team of 2D Boy, makers of World of Goo and Jonathan Blow, the creator of Braid. Gamasutra has some more info about Indie Fund from its spokesperson Ron Carmel of 2D Boy. More info about the venture will be announced next week at the Game Developers Conference. The first game projects to receive funding from Indie Fund will be announced "soon".