Epic Games announces a brand new initiative designed to encourage creativity amongst the Unreal Engine 4 development community. Unreal Dev Grants is a $5 million fund from Epic that will be used to provide financial assistance to developers making projects using Unreal Engine 4 technology in interesting ways.
Awards range from $5,000 to $50,000, and there are no strings attached: Developers keep ownership of their IP, are free to publish however they wish, and can use the funds without any restrictions or obligations to Epic.
Epic is looking to give developers the boost they need to move from working prototype to full project, allowing them to focus on creating. Unreal Dev Grants can be handed out for anything unique and cool built with or for the engine, be it a game, visualization, animated feature, Marketplace content or learning material.