Financial support for the creative industries cut by half: DigiDemo and CreaDemo grants for cultural content and innovations under threat
The DigiDemo and CreaDemo grants awarded by AVEK to the creative industries will be cut by half in 2021. Distributed for almost 20 years, these grants are funded from a special appropriation granted by the Ministry of Education and Culture that comes from profits obtained from gaming operations. AVEK’s product development support has helped companies and products such as Supercell, Gigglebug Entertainment, Arilyn and Oikiat Design’s Vaatelaastari (FabPatch) get started. The drastic decrease in the amount of financial support is a new blow to the creative industries and threatens their reform and innovation.