Scaffold accelerator for Alberta games starupts receives .5m funding

2024-06-25
Scaffold accelerator for Alberta games starupts receives .5m funding

Alberta's Scaffold Program Secures Million in Funding to Bolster Video Game Startups

Scaffold, a groundbreaking development program in Canada's Alberta province, has secured an additional million in funding to support the growth and success of video game startups within the region. This significant investment will enable the program to expand its reach and provide even more comprehensive support to the burgeoning games industry in Alberta.

Empowering Alberta's Video Game Ecosystem

Securing Substantial Funding from Government and Private Entities

The million in funding for Scaffold's initiatives has been secured from a diverse range of sources. PrairiesCan, a federal department dedicated to fostering economic growth in Canada's Prairies provinces, has contributed million to the program. Additionally, the private organization Alberta Innovates has committed 0,000, while Shred Capital, led by Scaffold's own Matt Toner, has provided the remaining 0,000.

Expanding Mentorship, Workshops, and Investor Access

Scaffold's mission is to significantly improve the games landscape in Alberta by offering developers a comprehensive suite of support services. This includes mentorship, workshops, and facilitated access to investors and other key industry resources. The program aims to double the number of small to medium-sized games businesses within the province, further strengthening the region's video game ecosystem.

Fostering a Thriving Games Industry in Alberta

The Scaffold program has already demonstrated its impact, with its third cohort launching just last month. All three cohorts to date have been fully subscribed, indicating the high demand for the program's offerings. One notable example of Scaffold's success is its support for the development of "The Lord of the Rings: Return To Moria," a game created by Studio Monsoon.

Hosting the Inaugural Scaffold Game Investors Summit

In addition to enhancing the program's core offerings, Scaffold's organizers are also taking a proactive step in fostering connections between video game startups and potential investors. This October, they will be hosting the first-ever Scaffold Game Investors Summit in Banff, providing a platform for these crucial stakeholders to come together and explore new opportunities.

Unlocking the Potential of Alberta's Video Game Industry

The influx of million in funding for Scaffold represents a significant investment in the future of Alberta's video game industry. By providing comprehensive support, mentorship, and access to resources, the program is poised to catalyze the growth and success of video game startups within the province. This, in turn, will contribute to the overall strengthening of Alberta's thriving games ecosystem, positioning it as a hub for innovation and entrepreneurship in the digital entertainment sector.

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