The eGames Lab Consortium based in Portugal and Singapore’s Enjinstarter launchpad have recently closed a partnership in order to leverage investment and fundraising within the Web3 videogames and blockchain markets, boosting the videogame and creative industries sector in Portugal and allowing access to MEA investors to this exciting market.
The partnership aims the creation of an initial 20 Million Euro investment fund that will invest in the companies within the consortium on a first phase and afterwards open to all the creative industries community in the country. Operation is set to start late May 2023.
The parties also agreed on boosting and promoting each other activities and value proposition on specific high-level events in Europe, Dubai and Singapore.
Miguel Campos, CEO of Consortium leader company WOWSystems, stated that “we are really excited in working with such an experienced and renowned partner and boosting the eGames Lab project internationally. Enjinstarter has proven to be the right partner for us on those selected markets and the videogames – being the largest entertainment market in the world – does represent an unique opportunity for investors from MEA”.
Mr. Prakash Somosundram, CEO of Enjinstarter said that “this partnership reinforces our position within the European market which follows a successful launch of Enjinstarter in Dubai. The highly praised evaluation by the international panel regarding the eGames Lab proposition on such a competitive call sheds how innovative this project is and how many exciting ideas will come up and be launched until late 2025. We’re really exciting in supporting these radical R&D ideas and new titles coming up while bringing closer Portugal, Dubai and Singapore and taking Web3 to the next level.”.
About the eGames Lab
The eGames Lab is a portuguese consortium that brings together more than 22 partners, with high-level R&D activities lead by the Interative Technologies Institute (ITI/LARSyS) in close work with 14 game studios and SMEs.
Enjinstarter helps brands and businesses develop and move into the Web3. It’s next generation launchpad has successfully funded more than 50+ ID0 and supports partners with fundraising, roadshows and strategy.