IMDA Puts Up $41 Million for Co-Pros & Virtual Production

The Infocomm Media Development Authority (IMDA) of Singapore is funding S$55 million ($41 million) to support international co-productions and enhance local virtual production capabilities.

The S$30 million International Co-Production Fund to support the creation of high-quality drama series with a local flavor and international appeal. The fund will be open to Singapore media companies with a track record in long-form content production. Local media companies with upcoming co-production projects to create Singapore stories that appeal to both Singaporeans and global audiences are welcome to submit their proposals to IMDA between December 11 and January 31, 2024.

The S$25 million top-up to the Virtual Production Innovation Fund is to further develop the industry’s virtual production (VP) capabilities over the next three years. This bolsters efforts to develop more local virtual production talent to meet the increasing demand for virtual productions in the industry. The fund will grow the local virtual production talent pool by tapping on overseas trainers to deliver higher quality training, extending training to Institutes of Higher Learning (IHL) lecturers and introducing VP modules into the existing media curriculum.