While some of Google's highly praised immersive computing initiatives are closing at Google, everything is going on at Epic Games and there's plenty of money for augmented reality developers and startups alike.
This week's San Francisco Game Developers Conference, Epic Games, the company behind the Unreal Engine, announced the Epic MegaGrants Fund, which provides financial support to developers, students, creative studios, corporate employees, and even entertainment projects from a 100- Million dollar pool provides. 19659002] Grants range from $ 5,000 to $ 500,000. The winners reserve the intellectual property rights and the right to publish the work as they see fit. And although the application does not require funding to create a game or a commercial application, the app which received a winner will be published commercially.
"Typically, you'll pay 5% of your total gross revenue after the first $ 3,000 per game or application per calendar quarter, regardless of which company makes the revenue," the policy says.
"For example, if your product earns $ 1
In a sense, this is similar Project of the recent Magic Leap app creator initiative, but the main difference here is the entire pool of this Magic Leap was only $ 500,000.  Grants range from $ 5,000 to $ 500,000, and the winners retain their intellectual property rights and the right to publish the work in any manner.
The program of Magic Leap also suffered some criticism (19459019). Some pointed out that the winners seemed to be heading toward the previously funded startups and existing companies, resulting in some underrepresentation of some smaller, unknown developers. In the questions and answers of the Epic MegaGrants Fundraising Initiative, the Unreal Engine team wants to encourage Indian developers.
"Individuals can apply," according to the guidelines. The statement also emphasizes that applicants need not have an existing business, "we strive for fairness and treat every project equally, regardless of who you are."
Most announcements by Epic Games and Unreal Engine at GDC revolved around traditional 2D gaming, but a big partnership showed what Augmented Reality can do with Unreal Engine. During the GDC, attendees had the opportunity to try out Magic Leap's MICA, an interactive virtual human created using the Unreal Engine.
If you are not at the GDC, you can get an idea of how amazing MICA is. My experience with the Magic Leap app over the last year.
You do not need to live in the US to apply for a grant, and Epic notifies MegaGrants winners within 90 days of applying for it.