SAFC ANNOUNCES SEED DEVELOPMENT INVESTMENT RECIPIENTS
The South Australian Film Corporation (SAFC) has announced six South Australian Production Companies selected for its inaugural Seed Development Investment (SDI) funding.
The six successful Seed Development Investment companies are:
· Closer Productions Pty Ltd
· Cyan Films Pty Ltd
· Hedone Productions Pty Ltd
· Kojo Productions Pty Ltd
· Southern Light Alliance Pty Ltd
· Triptych Pictures Pty Ltd
The SAFC’s new five-year business development initiative the Seed Program provides enhanced development funding to support South Australian production companies to develop outstanding project slates and to significantly expand their businesses by attracting private capital and market place partners. On top of base funding provided to the successful companies the Seed program also includes two dedicated industry development strands; New Project and Talent.
As a key plank in the SAFC’s strategy to continue to provide support for growth of local production companies Seed was introduced last year as part of the SAFC’s new suite of Industry programs.
“The first Seed recipients are all South Australian companies committed to growing their businesses here and they have all had to demonstrate that they have the business plans to match their ambitions. The breadth and diversity of their slates and their commitment to collaborating both locally and nationally to build talent and opportunities for the SA screen industry is very exciting”; said Richard Harris, South Australian Film Corporation CEO.
The successful teams were selected from a competitive pool of nine applications assessed by a panel of Industry experts and leading marketplace thinkers who included Paul Wiegard (Founder and Joint Managing Director, Madman Entertainment); David Court (Head of Screen Business, AFTRS); Des Monaghan (Executive Chairman, Screentime); and Amanda Duthie (Festival Director & CEO, Adelaide Film Festival).
The six successful Seed Development Investment companies presented robust business plans that incorporated strategies for realistic growth, along with diverse slates for projects across film, TV, digital and cross platform. They demonstrated a commitment to development of local talent and to national and international marketing strategies that would attract new partnerships and alliances to grow their businesses for South Australia.
Des Monaghan says, “This is a significant step in the SAFC’s key role in further developing South Australia’s vibrant screen industry. I am confident that the recipient companies will build on the established success of what has been achieved to date and will be well positioned to exploit the outstanding facility at Adelaide Studios and the world class post-production and visual effects houses based in South Australia.”
More information about the SAFC’s Seed Program can be found at www.safilm.com.au/Programs