Business Finland Grants EUR 2 Million to Next Games to Develop its Machine Learning and AI capabilities

NEXT GAMES CORPORATION, INSIDE INFORMATION, 29 NOVEMBER 2019 at 16:00 p.m EET

Business Finland has awarded a total of EUR 2 million grant to Next Games for a project to develop its machine learning and AI (Artificial Intelligence) capabilities.

The project aims at increasing the efficiency of the company’s games’ functionalities, in-game advertising and user acquisition by utilizing machine learning and AI. Through research, the goal is to enhance understanding as well as produce practical technical implementations on Next Games technology platform that support efficient utilization of machine learning and AI. The goals of the project are in line with the company’s strategic priorities to focus on improving efficiency and reducing development.

The project will start in December 2019 and is expected to end on the 30th of September 2021 at the latest. The project has four phases and Business Finland will issue the grant in four stages based on submitted and approved reports on costs incurred and progression of the project. The first installment may be received as an advance.

The grant is subject to the approval of Next Games Board of Directors. The company will not publish a separate release in case the grant is approved. 

Certified Adviser: Danske Bank A/S, Finland Branch, tel. +358 10 546 7938

Additional information:
Saara Bergström
CMO
investors@nextgames.com
+358 (0)50 483 3896

About Next Games
Next Games (Helsinki Nasdaq First North: NXTGMS) is the first publicly listed mobile game developer and publisher in Finland, specializing in games based on entertainment franchises, such as movies, TV series or books. The developers of the critically acclaimed The Walking Dead games redefines the way franchise entertainment transforms into highly engaging service-based mobile games. In summer 2018, Next Games launched The Walking Dead: Our World, which utilizes cutting edge AR technology and is powered by Google Maps. Currently Next Games is working on multiple new games based on popular entertainment franchises including, Blade Runner Nexus, for the popular Blade Runner franchise and a mobile game based on Netflix’s Stranger Things. For more information head to www.nextgames.com