KOCCA 's $6 mil fund to provide financial investment
The government-supported Korea Culture & Content Agency (KOCCA) has opened a nonprofit animation studio that will provide comprehensive assistance to a number of animated projects each year.A three-year, $6 million support fund established by KOCCA will provide direct financial investment, studio space, equipment rental and international marketing assistance to a small number of projects that will be created from start to finish at the studio. KOCCA also will assign an experienced project manager to each production. The 2006 recipients will be announced in early June. KOCCA is moving toward providing more direct financial support to local animation, complementing efforts such as the Star Project, which awards international marketing assistance and small grants to selected works. The Korean government has provided aggressive support to the fledgling animation sector through orgs such as KOCCA and the Korean Film Council. The 26-episode TV series “Mimi and Dada’s Art Expedition” and the feature-length “Wanted” were selected among more than 40 applicants to receive support for 2005.