Joystick Labs Announces Plans to Revolutionize the Video Game Development Model

Posted on 06/29/2010

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Joystick Labs is a what we could call a business incubator. It helps start-ups to take off in exchange for a minority ownership stake in the business. We could read on their website : “Joystick Labs announced Tuesday it is accepting applications for the first seed-stage venture fund and accelerator program focused exclusively on the development of digitally distributed video games. Juan Benito, a veteran executive of the gaming industry, co-founded Joystick Labs to help independent game developers bridge the gap between having a great game idea and producing a game. It is accepting applications for the first seed-stage venture fund and accelerator program focused exclusively on the development of digitally distributed video games.”  There will be a 12-week accelerator programs (the first program will start on Sept. 7, 2010 in Durham, N.C ) in which selected developers will be given “the seed funding, mentorship and access to technology required to create and produce cutting-edge digitally distributed video games.” Another aim of Joystick Labs is to help developers to retain ownership of intellectual property they create, as well as their creative autonomy.
Is the video game production and distribution changing? For Juan Benito the answer is : yes. “Joystick Labs represents a new opportunity in game development that is in tune with the changes we see in the industry,” said Benito. “We will reduce the barriers to entry to a point where there is nothing holding back a team of talented developers from launching their own studio.”

Read their press release:
Press Release/ Joystick Labs announces plan to revolutionize the video game development model

Want to know more about :
Joystick Labs exists to identify the next generation of best and brightest digitally distributed video game entrepreneurs, and to seed and accelerate the development and commercial launch of their companies. [Read more…]

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