With $ 100 million in grant funding already available to developers through its MegaGrants program, Epic Games lowers the pot with little gear for Magic Leap developers.
Last week's Unreal Engine Build: Detroit's 19th event, Epic Games announced it would deliver the Magic Leap One headset, which retail $ 2,295, free to a limited number of developers working with space-dependent applications in Unreal Engine. Developers can apply online, with Epic assessing applications based on merit. Epic Games Gifting 500 Magic Leap Headsets for Developers via Grant Program ” width=”480″ height=”480″ style=”max-width:532px;height:auto;”
Image via Magic Leap
Epic Games Gifting 500 Magic Leap Headsets for Developers via Grant Program ” width=”480″ height=”480″ style=”max-width:532px;height:auto;”/>
Image via Magic Leap
] "We are proud of that Magic Leap offers its support for the Epic MegaGrants program with this generous resolution of 500 Magic Leap One Creator Edition devices, offering incredible opportunities to explore applications from digital people to product design, "said Simon Jones, director of Unreal Engine Enterprise at Epic Games, in a statement. "The alternative of receiving this hardware as part of an Epic MegaGrant means that more of the funds may be available to spend in other areas, so developers have more financial flexibility and freedom to create."
Epic announced the MegaGrants program at the Game Developers Conference in March. The program offers grants from $ 5,000 to $ 500,000 to developers, students, and studios working with Unreal Engine projects. Creators will retain intellectual property rights for their projects, but Epic will take a royalties cut of any commercially released project.
] Unreal Engine has helped Magic Leap and its Lumin OS from the start, with Magic Leap's amazing Glimmer, Star Wars: Project Porg from ILMxLAB, Pest Control from Wingnut AR and Air New Zealand Facts or fiction from Framestore. among the experiences built with Unreal Engine.
"The Epic MegaGrants program allows developers to drive new targets and raise the bar for what they can achieve, and we are happy to support that mission by making Magic Leap One Creator Edition available to creators working in the spatial arena", says Rio Caraeff, chief executive at Magic Leap. "Putting these devices directly into the hands of promising developers, along with the financial contribution of Epic, will help speed up the industry and lead to new innovation."
Magic Leap, as well as enlarged reality apps and experiences in general, stands as one of the biggest growth opportunities for Unreal Engine, so Epic has an interest in developers choosing to build those experiences in their environment rather than Unity's.
Given that the company recently closed a $ 1.25 billion funding round, an investment of about $ 1.15 million in hardware is a small price to pay for what can be as many as 500 sources royalties.