Gamasutra has a short article up today about a new initiative to fund small game development studios, lead by Joystick Labs, which defines itself as a “seed-stage accelerator”. It offers $6,000 per founder of the title, up to $18,000, and requires relocating to North Carolina. Joystick Labs will fund and mentor a project, and in return expect to get a “modest equity stake” in the company they are helping out and a “share of the money generated by the game or app” (quotes taken from the Joystick Labs FAQ as of 4:08PST 8-9-10).
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