Author: Paul Godden – Communications Director, Two Patch Pirates
Two Patch Pirates attended the Brighton Ukie Hub Crawl: Getting Investment Ready, held at the Unity premises in Brighton. We can recommend this for all new start-ups and it has some interest even for those like us, a little further along.
It was helpful to hear a little from UKIE (Supporting UK’s games and interactive entertainment industry). It increased my awareness of some of the things they do including the fact they that are not for profit and owned by their members, lobby government on their members behalf, provide student services, promote and run events and help match people with funding. They are also the oldest games trade body (in the UK).
After UKIE we heard a little from law firm Sheridans who talked about setting up a limited company, issues around intellectual property and claiming video games relief. There was also discussion about types of funding and investment with the conclusion being that all are a trade off between getting money and loss of control, unsurprisingly. Sheridan’s recommended loans if you can do it as interest rates are low, but did warn that loans can of course lead to bankrupty.
Oscar Clarke spoke about sources of finance for indie devs and was an entertaining speaker with some useful thoughts.
Thomas Bidaux spoke about crowdfunding and we noted he might be a useful guy to talk to if we wanted to crowdfund something :-). Discussed the all or nothing approach that Kickstarter takes ie; you only get the money if you get all the money. Suggested we also look at Fig. Suggested kickstarter is not for the start of a game but rather after you have developed the project somewhat, prototyped it. Suggested you need an audience before you start a kickstarter.
Anna Mansi, Head of Certification, BFI then spoke about applying for Video Games Tax Relief. It struck me that this seemed a little idiosyncratic. Surely the games industry is mature enough now to have its own governing body to manage such issues. That said Anna was helpful and gave good advise about how to gain Video Games Tax Relief. One or two little titbits for us in there!
There was then a panel discussion led by Oscar Clarke, co-Founder of Fundamentally Games with Ed Barton, CEO, Curiscope and Justin French, Founder and CEO, Dream Harvest Games. The panel discussed funding games with multiple sources of funding, Jon Bishop spoke about Kickstarter as he was a fan (pointed out that he got in early and that it was more difficult now). There was further discussion but my notes dried up at that point possibly because the smell of pizza began to waft around the event.