Flemish Ministry of Culture invests in videogame

CultuurInvest, a new Flemish investment fund founded by the Flemish Ministry of Culture, will be supporting the development of The Path, an upcoming game from Tale of Tales.

CultuurInvest will be providing an investment of euro 90.000 according to a contract signed in Brussels.

"In games industry terms, the amount that CultuurInvest is investing is next to nothing, but for a small independent developer like us, it means the difference between being able to make a game or not," Tale of Tales said in a statement.

"This is the first time we will be working with investment money (as opposed to arts funding), so we're a bit nervous about that. It's like we suddenly levelled up."

Tale of Tales is a Belgian game development studio best known for an MMO-screensaver called "The Endless Forest."

"The Path", a single-player horror game, will be the company's first commercial release. It is the first game to be supported by the CultuurInvest fund, which exclusively finances companies and projects in the cultural industries.