The European Commission has set up a fund to help game developers by contributing to their funding. The fund, worth €1.5 million, will allow new games being developed in the EU to claim up to €100,000 in financial help, and game already in development to claim between €10,000 and €60,000.
The fund is the first time developers in the EU have received such high level support, and the move was supported by the European Games Developer Federation (EGDF), a lobbying group which represents game developers. The EGDF said the games industry has finally "been recognized as increasingly economic and culturally important factor, whose special needs must be considered".
Developers can find more information on the EC's site here and the EGDF's site here.
Source: Spong

wow dat is roughly almost 300K US$ NICE! shiiit give it to me b!tch3s!!!
they should do that here in America. man they even did that in Canada....pfffft stupid bush, he's got nothin else to spend on besides the war
@mystik...uhhh wat r u talking about? that's $2,085,686 USD
It's spelt European!!
Why do some nobbers have to do all dis gangsta style talk, get a grip this is a PS3 forum not the F**kin hood
Guerilla games could do with that for Killzone 2 just to build a level, lol. I suppose its for small developers as 1.5mill isn't allot to go around. What key do I press for the euro dollar sign?
psn id: gingo... excellent, Europe should be doing more to help the gaming community and this is a start
hey europe america's poor now we could use sum of that money
yeah lets find a video game topic to slam the president. grow up you hippie.