NEW DELHI — Osian’s, an Indian arts/entertainment conglom involved in pic exhibition and production, has launched a film fund for fledgling helmers, chairman Neville Tuli announced Thursday.
Speaking at the Osian’s Cinefan Festival in New Delhi, Tuli and fest prexy Aruna Vasudev outlined their plan for the fund, targeted at young filmmakers in India, Asia and the Arab world.
Called the Film Fund: Osian’s Originating Development (FOOD), it will award grants ranging from $10,000 to $25,000 for pre-production, including scripting, casting and location scouting.
Osian’s will support helmers with advice on developing and pitching projects to backers.
In the fund’s first year, 20 applicants will be presented to selectors before the FOOD board makes its final choice. Several of the projects will then be made with the help of Osian’s in-house production team.
Osian’s will sort out the details of the scouting and selection process by October and choose its first FOOD projects in January.
Launched in 2000 by Tuli, Osian’s manages art-related businesses, including auction house, publishing and design house, archive and art fund.
It is also active in the film biz, including the Osian’s Film House, Cinefan fest and Cinemaya quarterly film mag.
On July 7, Osian’s took over the Minerva, a landmark theater in Mumbai. Over the next three years, Osian’s plans to transform the venue into the Osianama, a combination theater and museum that will showcase Osian’s huge archive.