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The new Franco-Russian Academy has chosen the first two film projects to receive development coin.

The org held its inaugural session at the Russian Film Festival in Honfleur in France on Friday and Saturday where the governing board, headed by Russian filmmaker Pavel Lounguine and Gallic thesp Carole Bouquet, reviewed 11 candidates seeking coin.

On Monday night it announced it had picked two films to receive grants of €40,000 ($53,360) each: Remi Chaye’s “Tout en haut du monde” (“Longway North”), a 2D animated feature produced by Sacrebleu Prods., and Russian helmer Alexei Popogrebsky’s “Lost Rooms,” produced by Koktebel.

“Longway North” is Chaye’s directorial debut. Chaye previously worked as storyboard artist and first assistant director on “The Secret of Kells.”

Budgeted at $10.6 million, pic is set in St. Petersburg at the end of the 19th century.

Sacrebleu’s Ron Dyens said the company was in negotiations with partners from Luxembourg and Belgium, and is looking for a Russian co-producer to come on board.

The board will also select by mid-February 10 French and Russian producers to participate in a workshop hosted by Ateliers du Cinema European to learn more about French-Russian co-production.

The next session of the board will be held in Russia next year.