Epic Games awards $1 million in Unreal Dev Grants to 37 teams

Epic Games is opening up its Fortnite money vault to award 37 game development teams with a total of $1 million in Unreal Dev Grants, the publisher and engine maker announced this morning.

Established in 2015 as a $5 million fund, the Unreal Dev Grants program awards $5,000 to $50,000 to developers and studios making projects (games, VR, AI, educational, development tools and plug-ins, etc.) with the Unreal Engine toolset. Epic hands out these grants three-to-four times a year, a spokesperson said, and New Reality Co. is receiving one for the third time since the program debuted.