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How to Create a Long Term, Sustainable Games Industry in Three Easy Steps. Barry O’Neill Other Ventures Monday, 1 November 2010
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Page 1: Websummit slides

How to Create a Long Term, Sustainable Games Industry in Three Easy Steps.

Barry O’NeillOther Ventures

Monday, 1 November 2010

Page 2: Websummit slides

“Ireland’s Vibrant Digital Media Portfolio.”

Quote - Barry O’Leary, CEO, IDA All marks © their respective holders.Monday, 1 November 2010

Page 3: Websummit slides

Quote - Barry O’Leary, CEO, IDA All marks © their respective holders.

“Ireland’s Vibrant Digital Media Portfolio.”

European “HQ”

Operations Centre

Finance Centre

Support Centre

Data Centre

Monday, 1 November 2010

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“Ireland’s Vibrant Digital Media Portfolio.”

Creative Centre

Skunkworks

Design Centre

R&D Lab

New Studio

Monday, 1 November 2010

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Three Easy Steps

Monday, 1 November 2010

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Three Easy Steps

1. Encourage inward investment in games development.

2. Attract creative talent to foster local talent.

3. Encourage new enterprises.

Monday, 1 November 2010

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Step 1 - Incentive for Inward Investment

✴ Games Tax Credit.

✴ 25% of qualifying expenditure on a project basis - offset against corporation tax, or offered as a rebate.

✴ Qualifying expenditure? Production, Infrastructure, Capital Items, Talent.

✴ Make Ireland a great place to make a game.

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Step 2 - Attract the Talent

✴ Key Talent Incentive.

✴ Fast track visa for key talent.

✴ Relocation incentives and special tax treatment.

✴ Talent breeds talent.

✴ Ensure Ireland has an broad base of international caliber talent.

Monday, 1 November 2010

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Step 3 - Foster Entrepreneurship

✴ Super-BES - Games Industry Incentive Scheme.

✴ Similar to BES but increase limits for companies and Investors. Allow Corporate Investment.

✴ Reduce the relief qualification period to 3 years.

✴ Allow investors avail of capital loss relief.

✴ Stimulate investor interest, generate indigenous start-ups.

Monday, 1 November 2010

Page 10: Websummit slides

Three Easy Steps

1. Encourage inward investment in games development.

2. Attract creative talent to foster local talent.

3. Encourage new enterprises.

Monday, 1 November 2010

Page 11: Websummit slides

Three Easy Steps1. Encourage inward investment in games

development.

2. Attract creative talent to foster local talent.

3. Encourage new enterprises.

4. Ireland’s favourable IP regime.

5. Ireland’s favourable corporation tax.

6. R&D Incentives and credits.

Monday, 1 November 2010

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Create the most attractive environment for games

production globally.

Create a long-term sustainable games industry.

Monday, 1 November 2010