Weta Digital has convinced the New Zealand government to front them $5.8M in cash to be used to develop new products and tools for export. They’ll be partnering with a company named TechNZ, the business investment side of the Foundation for Research, Science, and Technology.
Science and Technology Minister Wayne Mapp said Weta’s investment would be on a basis of at least two-for-one.
“It’s about growing new products and processes for export.”
The joint partnership with TechNZ – the business investment programme of the Foundation for Research, Science and Technology – is intended to accelerate the growth of New Zealand’s strong creative digital industry.
No definitive word on how this relates to the TransFX initiative they announced back in May.
via Govt cash for Weta Digital – film – entertainment | Stuff.co.nz.
