Digital Media Tax Credit
The world of digital media and gaming is dynamic, and companies operating in this space that want a competitive advantage must understand the value of government incentive programs. The Interactive Digital Media (IDM) tax credit is one such program that offers tremendous support to businesses in eligible jurisdications, and Venbridge is here to help you … Read more
For companies in the interactive digital media industry, staying at the forefront of technology and creativity is crucial. Provincial governments across Canada recognize the significance of fostering innovation within this dynamic field and offer support through the Interactive Digital Media Tax Credit (IDMTC). At Venbridge, we understand Canadian companies’ unique challenges in the interactive digital … Read more
With Ontario continuing to be one of Canada’s most vibrant hotbeds for innovation, the digital media industry has seen unprecedented growth over the past two decades. Introduced in 1998, the Ontario Interactive Digital Media Tax Credit (OIDMTC) was designed to foster the digital media industry, specifically when it comes to education and innovation. Below, we’ll … Read more
Reading time: 4 minutes Offered by several Canadian Provincial Governments, the Interactive Digital Media Tax Credit (IDMTC) allows companies and start-ups to strengthen their position in the digital media market. These programs incentivize various companies to begin innovative projects, similar to the Scientific Research and Experimental Development (SR&ED) program. While SR&ED and IDMTC are vastly … Read more
Reading time: 4 minutes. Are you looking to enhance your capital stack in 2023 and solidify your position as a major contender within the digital media industry? Knowing how to leverage government grants and funding is essential to fuelling any startup or Canadian business that paves the way for innovation. While many in the Research … Read more
One of the under-appreciated aspects of gaming is just how difficult and expensive it is to ship a popular mobile, PC or console-based game title. Premium “AAA” franchise games easily rival Hollywood films in terms of budget size, often hitting $60-80 million or more when everything from game design to testing, art design, programming, quality … Read more