Fund to devote NT$6 billion to cultural content initiative

Taipei, April 11 (CNA) The Ministry of Culture (MOC) has secured NT$6 billion (US$205 million) in funding from the National Development Fund for its cultural content investment initiative that seeks to promote the production of more local content in the arts.

Speaking at a press conference with potential investors, Culture Minister Cheng Li-chiun (???) said the initiative, launched Wednesday, was conceived to make it easier for budding artists and creators to generate content in Taiwan.

Many of Taiwan’s works have received international recognition in recent years despite their creators having to face difficult economic circumstances while creating them, Cheng said.

The government has therefore decided to step in and stand alongside these artists and creators to transform the industry and make it friendlier toward them, she said.

A total of NT$10 billion has been committed to the initiative, including the latest NT$6 billion from the fund, and the ministry has also obtained NT$4.18 billion over four years in funding from the “forward-looking infrastructure development plan” to invest in content production and manufacturing.

All of the money will go toward promoting the creation of audiovisual works, publications, anime, comics and games.

Cheng asked investors in the audience, including financial institutions, distributors, and electronic business platforms, to invest in the content creation process.

In the future, the ministry will host an investment press conference each month to drum up more attention and funding for its initiative.

Source: Focus Taiwan News Channel