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Five international films receive Taipei Film Fund subsidies

By Dory Chung
 
Taipei City Government invests an annual budget of NT$30 million to subsidize international TV and film coproduction. Five coproduction teams from the Netherlands, France, Singapore, Austria and Hong Kong won subsidies this year.
 
On March 29th, Taipei Mayor Ko Wen-Je gave the opening speech at the 1st Taipei Film Fund Press Conference. He said that international coproduction had become a trend and an increasing reality in today’s international filmdom.

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Photo by LRM
Many guests showed up for Taipei Film Fund’s first press conference.

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Photo by LRM
Taipei City Mayor Ko gives the opening speech.

The fund aims at encouraging international production teams to shoot at locations in Taipei, increasing awareness of the city as an ideal setting for film productions. More importantly, international coproduction raises the general competitiveness in the local film and TV industries and revitalizes local tourism and the economy.
 
The 5 films that received funding this year included Dream Raider, Wet Season, Have a Nice Trip, High Time, and Moneyboys. Dream Raider received NT$10 million, the highest subsidy. Together, they created more than 2,800 job opportunities for the local film industry.

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Photo by LRM
Mayor Ko awards a subsidy to Dream Raider.
 
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Photo by LRM
Mayor Ko with Judy Ongg (翁倩玉) and Jeffrey Chan (陳永雄) of Have A Nice Trip.

The teams’ total production budget of NT$800 million plus their shooting and post-production in the city would increase Taipei’s economic output by around 10 times during their first year of filming. A conservative estimate indicates that coproduction through the fund would generate side benefits and tourism revenue of NT$2 billion for the city in the next 5 years.

Art editor Img
Photo by LRM
Taipei Film Fund awarded subsidies to five films:《獵夢特工Dream Raider》,《熱帶雨Wet Season》,《旅途愉快Have A Nice Trip》,《狂歡時刻High Time》, and《尋找Moneyboys》.
 
Taipei City’s Department of Cultural Affairs (DOCA) manages Taipei Film Fund. The ultimate goal is to revitalize the local film and TV industries and boost tourism-related industries by marketing the city. The governmental fund will also attract more international investors, talent, and resource integration.
 
Meanwhile, the deadline for submission for the first round of applications for the 2019 Taipei Film Fund has been postponed to April 30th in response to enthusiastic requests from film commissions across Asia. DOCA anticipates an increase in international co-productions in the years to come.