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Silicon Knights gets Ontario government funds

Silicon Knights has gotten nearly $3 million in funding from the Ontario government, which president Denis Dyack says will help the company become self-sustainable, self-publishing, and bring on 80 new hires.

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Silicon Knights has gotten an injection of funds from the local government, reports The St. Catherine's Standard. The company received nearly $3 million in funding from the Economic Development and Trade department of Ontario. Company president Denis Dyack said the investment will go towards improving technology, keeping its 97 current positions, and hiring 80 new employees.

Ontario is a hub for game developers, with almost 1,000 companies employing almost 16,000 people in the area. That may be because Canada is kind to developers, with a tax credit that valued at almost $20 million in the last fiscal year, according to OntarioCanada.com. Notable publishers like Ubisoft have opened a branch in Canada, and THQ focused on hiring in Vancouver when it shuttered Kaos.

"With Ontario government support, we are better-positioned to further develop the 8th Art of video games," said Denis Dyack. "This will enhance our competitive edge within the highly-competitive video game market, help us become a self-sustainable, self-publishing entity, and allow us to enter lucrative global markets."

Whatever self-publishing plans Silicon Knights has for the future, they're not going to be put into action immediately. The company is currently working on X-Men: Destiny, which is set to be published by Activision.

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From The Chatty
  • reply
    July 15, 2011 1:00 PM

    Steve Watts posted a new article, Silicon Knights gets Ontario government funds.

    Silicon Knights has gotten nearly $3 million in funding from the Ontario government, which president Denis Dyack says will help the company become self-sustainable, self-publishing, and bring on 80 new hires.

    • reply
      July 15, 2011 1:02 PM

      Yay my tax dollars at work, now go make an Eternal Darkness sequel you bastards!

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      July 15, 2011 1:12 PM

      TOO HUMAN 2 NOW DAMMIT

      or after the x-men game please... I want to finish the damn story

      • reply
        July 15, 2011 1:42 PM

        second'd

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        July 15, 2011 1:50 PM

        Seriously. Announce this and deliver or I'll stop paying my taxes, and by extension, your wages. SRSLY.

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      July 15, 2011 1:25 PM

      Yay, make some more awful games and use my tax money! Also be a company full of complete jackasses

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        July 15, 2011 1:25 PM

        Wow doing a quick google I actually mean Digital Extremes, sorry Silicon Knights. ED was the best game on gamecube.

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      July 15, 2011 1:34 PM

      I wonder if 5 years down the road the majority of game jobs will move out of the USA to canada?

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      July 15, 2011 1:42 PM

      you're welcome, world

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      July 15, 2011 2:05 PM

      $3 million dollars is going to let them hire 80 fucking people along with all of that other stuff?

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        July 15, 2011 2:49 PM

        Yeah that math doesn't quite work, but hey I am sure it helps. If you pay programmers 100k a year each, then that pays for 10 programmers working 3 years. Of course there are other cost benefits, hardware, etc.

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      July 15, 2011 2:57 PM

      oh ffs government. video games are literally the most lucrative non-military market in the world and you're giving a failing company money

      i've got nothing against SK, but jesus christ i hate how our solution to keeping profitable businesses in this country is just to give them money.

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        July 17, 2011 7:04 PM

        If you're upset at the subsidies they get you should do a little more research on other subsidized business. It's the reason why you can buy 1 red pepper for the cost of 1KG of ground beef...

      • reply
        July 17, 2011 7:04 PM

        If you're upset at the subsidies they get you should do a little more research on other subsidized business. It's the reason why you can buy 1 red pepper for the cost of 1KG of ground beef...

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      July 15, 2011 3:35 PM

      I'm ok with this.

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      July 16, 2011 7:04 AM

      As a resident of St. Catharine's, I welcome more jobs to the area. It needs some loving.

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      July 16, 2011 8:50 PM

      sweet! give them money to sue Epic and steal their engine and rename it the SK engine!

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