In The News

Canada has officially surpassed the UK in the video-game development industry. As reported by UK tech blog ThinQ.co.uk, Canada is now the world's third largest centre for video-game development, just behind the US and Japan.

"Responding to the news, Gerry Pisarzowski, vice president of business development for the Greater Toronto Marketing Alliance, said: "our job now is to add to our tremendous home-grown crop of companies and help demonstrate that Ontario is a prime destination in North America for gaming investments."

"According to the Ontario Technology Corridor, Ontario offers a number of incentives to the games development industry, including the following: Intellectual property development fund - refunds 30 per cent of eligible early stage development costs to bring "screen-based content properties" closer to production."

"...There was nothing inevitable about this process," says Wilson (CEO of UK gaming trade association TIGA). "Canadian policy makers simply took the farsighted decision to create an attractive environment to do games business, in particular, through the provision of generous tax breaks."

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original source ThinQ.co.uk