Square Enix announces new crowdfunding platform, Collective

The benefit of this system, as Square describes it, it’ll provide you, the funder, with “the reassurance that before a project goes through to the funding stage, it'll be checked and helped by our team to confirm that the scope of the pitch is in line with the team's ability and ambition to create, as well as utilizing our experience of game production to attach realistic budgeting plans.”

SquareEnixCollectiveBecause crowdfunding can result in big bucks, Square Enix has announced its intention to look to the common, money-laden masses with a new program called Square Enix Collective. The result of a collaboration between Square and crowdfunding site Indiegogo, the new platform will give hopeful developers the chance to get their projects off the ground with the help of the Square Enix community.

Here’s how it works in a nutshell. Developers looking to acquire some cash on Collective pitch their game ideas to the community, hopefully receiving positive feedbacks and votes in return, and after a period of 28 days, Square can take the green-lit games and pass them to Indiegogo to try to raise the necessary funds. The company then keeps an eye on the development of each game that gets this far in the process, aiding in its distribution when it is finally completed.

The benefit of this system, as Square describes it, it’ll provide you, the funder, with “the reassurance that before a project goes through to the funding stage, it’ll be checked and helped by our team to confirm that the scope of the pitch is in line with the team’s ability and ambition to create, as well as utilising our experience of game production to attach realistic budgeting plans.”

As for developers, Square revealed that gamemakers will be able to submit a pitch without paying anything, provided they “accept some terms and conditions” in regards to pitching ideas before the community. Additionally, the company will allow some creators to work with older Eidos IP from its back-catalogue (meaning there won’t be any touching of the Final Fantasy series).

Square Enix will say more about its plans for Collective at GDC Next, which will run from November 5-7 in Los Angeles. Feel free to speculate on how Square’s new platform could affect the crowdfunding scene until then.

Source: GameDynimo – Peter Grimm – Square Enix Collective
Link: http://collective.square-enix.com/

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