UKIE touts Government scheme to make startups more attractive to investors
Through the new scheme, businesses can receive a maximum funding of £150,000, while investors can benefit from income tax relief worth 50 percent of the amount they invested.
Eligible startups must have no more than 25 employees, have less than £200,000 in assets, and must not be listed by a recognised stock exchange.
The scheme also only applies to investments made from 6 April onwards.
"Getting funding can be a real barrier for many games and interactive entertainment businesses at the start-up stage," said UKIE CEO Dr Jo Twist.
"We recommend that any games or interactive entertainment start-ups that are looking for money, and fit the qualification criteria, should make sure that they discuss SEIS with any potential investors."
A fact sheet with further advice on the scheme can be found on UKIE's site.