Gaming industry professionals in South Australia are excited to hear that Government support for game development is finally picking up and the gaming industry is receiving the long awaited recognition it has been longing for. This comes after South Australia was approved to receive a $2 million game developers R&D space in Adelaide, courtesy of the state government grant to Canberra-based gaming specialist Games Plus. Adelaide will become the second location for Games Plus after the launch of its Canberra space in 2016 and is expected to create up to 500 new game sector jobs over the next three years.
According to SA Innovation Minister Kyam Maher, Adelaide is fast becoming a location for digital game makers establishing themselves in the city. This new gaming R&D hub facilitates great opportunities for game developers, paving a pathway to success in this multi-billion dollar global industry.
The presence of Games Plus in Adelaide is a significant achievement for the state as this is a very established gaming company with huge projects on the go with major companies such as LEGO. Additionally the support into establishing the new space is significant in continuing to push Australia into the R&D game.
Games Plus co-founder and COO says the company is focused on creating an ecosystem that supports game developers and the innovation they bring into the industry. Additionally the hub also creates a community and focal point for the government to come and look at the skills and capabilities of the industry at a central location.
SA recognising the importance of supporting the gaming industry is a significant and encouraging step forward and the next goal is now receiving support on a federal level.
Innovative Australian companies are eligible to receive the federal R&D Tax Incentive, where companies with a turnover of under $20 million can receive a tax offset of 43.5% for eligible expenditure (38.5% for companies with a turnover over $20 million). Swanson Reed R&D Tax Consultants help companies to claim this incentive and ensure that they receive the maximum amount they are eligible for.