{"id":1762,"date":"2021-04-15T18:41:42","date_gmt":"2021-04-15T18:41:42","guid":{"rendered":"https:\/\/leyton.majjane.agency\/ca\/post\/how-the-video-game-industry-is-thriving-with-innovative-funding\/"},"modified":"2021-04-15T18:41:42","modified_gmt":"2021-04-15T18:41:42","slug":"how-the-video-game-industry-is-thriving-with-innovative-funding","status":"publish","type":"article","link":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/how-the-video-game-industry-is-thriving-with-innovative-funding\/","title":{"rendered":"How the video game industry is thriving with innovative funding?"},"content":{"rendered":"<p>According to the <a href=\"https:\/\/theesa.ca\/\" target=\"_blank\" rel=\"noreferrer noopener\">Entertainment Software Association of Canada,<\/a> Canada is the world\u2019s third-largest hub for game development, the <a href=\"https:\/\/leyton.com\/ca\/en\/gaming-increase-cash-flow-for-game-development\/\">video game industry<\/a> brings in $3.7 billion CAD annually to Canada\u2019s GDP, creates over 40,600 full-time equivalents, and houses almost 600 active studios.<\/p>\n<h4 class=\"wp-block-heading\"><mark style=\"color:#1a206d\" class=\"has-inline-color\">But how does this industry continue to thrive? <\/mark><\/h4>\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<p>The answer is simple: by using innovative solutions. The<a href=\"https:\/\/leyton.com\/ca\/en\/gaming-increase-cash-flow-for-game-development\/\" target=\"_blank\" rel=\"noreferrer noopener\"> video game industry<\/a> is much more than a platform for entertainment, every company invests in <a href=\"https:\/\/leyton.com\/ca\/en\/tax-credits\/\" target=\"_blank\" rel=\"noreferrer noopener\">research and <\/a><a href=\"https:\/\/leyton.com\/ca\/en\/tax-credits\/\">development<\/a><a href=\"https:\/\/leyton.com\/ca\/en\/tax-credits\/\" target=\"_blank\" rel=\"noreferrer noopener\"> activities<\/a> to propose innovative products for their audience.<\/p>\n<p>In fact, there is a large range of innovative technologies that help gaming companies stand out and offer a real customer experience such as: <\/p>\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<ul class=\"is-style-li-cls\">\n<li>Artificial intelligence;<\/li>\n<li>Computer-generated imagery;<\/li>\n<li>Virtual reality;<\/li>\n<li>Augmented reality;<\/li>\n<li>Cloud gaming.<\/li>\n<\/ul>\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/leyton.com\/ca\/wp-content\/blogs.dir\/3\/files\/2021\/04\/Postes-insight-Leyton-Canada-3-1024x535.png\" alt=\"\" class=\"wp-image-6412\" style=\"width:768px;height:401px\" \/><\/figure>\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<h4 class=\"wp-block-heading\"><mark style=\"color:#1a206d\" class=\"has-inline-color\">Significant advancement in digital gaming<\/mark><\/h4>\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<p>By implementing one of these innovative technologies into their products\/services, gaming companies fully succeed in bringing their level of<a href=\"https:\/\/leyton.com\/ca\/en\/tax-credits\/\"> innovation <\/a>to another level and present a whole new experience to their customer. This is the reason why we have seen appearing in recent years significant advancements in digital gaming such as visualization, education, or medical simulation.<\/p>\n<p>It allows non-gaming companies like those operating in the healthtech or <a href=\"https:\/\/leyton.com\/ca\/en\/biotech-get-the-best-fundings-for-your-rd-projects\/\">biotech<\/a> sectors to use gaming applications to offer an immersive experience for their client. For instance, virtual reality can now be used to help patients conquer their fear in a \u2018gaming world\u2019 and hence reduce the anxiety of actually facing their fear in a \u201creal situation\u201d.<\/p>\n<p>These R&amp;D projects were made possible thanks to Government funds such as the <a href=\"https:\/\/leyton.com\/ca\/en\/sred-already-claiming\/\">SR&amp;ED tax credits,<\/a> <a href=\"https:\/\/leyton.com\/ca\/en\/tax-credits\/multimedia-tax-credit-expand-your-creativity\/\" target=\"_blank\" rel=\"noreferrer noopener\">the Mu<\/a><a href=\"https:\/\/leyton.com\/ca\/en\/tax-credits\/multimedia-tax-credit-expand-your-creativity\/\">l<\/a><a href=\"https:\/\/leyton.com\/ca\/en\/tax-credits\/multimedia-tax-credit-expand-your-creativity\/\" target=\"_blank\" rel=\"noreferrer noopener\">timedia tax credit<\/a> in Quebec, <a href=\"https:\/\/leyton.com\/ca\/en\/tax-credits\/tax-credits-oidmtc\/\">Digital Media tax credits in Ontario<\/a>, or the Canada Media Fund. Those streams help Canadian companies in managing their growth in the sector and indirectly push other sectors to benefit from the innovation brought by the video game industry.<\/p>\n<h4 class=\"wp-block-heading\"><mark style=\"color:#1a206d\" class=\"has-inline-color\">Many projects can be eligible to those funding programs if your company is involved in: <\/mark><\/h4>\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<ul class=\"is-style-li-cls\">\n<li><a href=\"https:\/\/leyton.com\/ca\/ict-companies\/\">Software development<\/a> activities in AR and VR;<\/li>\n<li>Mobile or online gaming;<\/li>\n<li>Motion capture;<\/li>\n<li>Development of new machine learning algorithms or neural networks in relation to video game development;<\/li>\n<li>Sound engineering in the video game industry;<\/li>\n<li>Image processing and reconstruction (such as 3D imaging for feature recognition);<\/li>\n<li>Interoperability with third-party products (for instance in building new pipeline management tools where compatibility limitations can be identified with third parties).<\/li>\n<\/ul>\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<p>You might be eligible for one of the streams available for gaming companies. Our team of experts can help you navigate through <a href=\"https:\/\/leyton.com\/ca\/en\/tax-credits\/\">those programs<\/a> and support you by maximizing your claim.  <\/p>\n<h4 class=\"wp-block-heading has-text-align-center\"><mark style=\"color:#1a206d\" class=\"has-inline-color\"><a href=\"https:\/\/leyton.com\/ca\/en\/contact-us\/\" target=\"_blank\" rel=\"noreferrer noopener\">Contact one of our experts today!<\/a><\/mark><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>According to the Entertainment Software Association of Canada, Canada is the world\u2019s third-largest hub for game development, the video game industry brings in $3.7 billion CAD annually to Canada\u2019s GDP, creates over 40,600 full-time equivalents, and houses almost 600 active studios. But how does this industry continue to thrive? The answer is simple: by using [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2371,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[256,537,110,111],"tags":[232,2345,2342,115,528,2346],"expertise":[774],"class_list":["post-1762","article","type-article","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","category-innovation-en","category-sred","category-tax-credit","tag-funding","tag-gaming-industry","tag-multimedia-tax-credit","tag-sred-en","tag-tax-credit","tag-video-game","expertise-sred-tax-credits"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.1 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Video game industry is thriving with innovative funding | Leyton Canada<\/title>\n<meta name=\"description\" content=\"Learn how video gaming 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