Epic Games just completed giving out $5 million in grants<\/a> to developers. And now it\u2019s going to get started again with a $100 million fund dubbed Epic MegaGrants<\/a>.<\/p>\n These funds will be awarded to developers with no strings attached, said Tim Sweeney, CEO of Epic Games, in an interview with GamesBeat.<\/p>\n \u201cYou know that we created a $5 million fund for grants disbursed over the last three years. The last funds have gone out this past week,\u201d Sweeney said. \u201cWhat we\u2019re doing now is we\u2019re creating a new fund called Epic MegaGrants. These are also no-strings-attached grants. They\u2019re not contracts to do anything for Epic.\u201d<\/p>\n He added, \u201cYou just apply, and if we judge your project is worthy and reasonably planned-out, we\u2019ll give you funds. They range from supporting game developers to supporting enterprise and educational, academic projects. Open source projects that have any impact on the digital ecosystem at all, even if it doesn\u2019t have any bearing on Unreal. We\u2019ll be disbursing $100 million of Fortnite V-bucks.\u201d<\/p>\n Above: Tim Sweeney, CEO of Epic Games, and Kim Libreri, CTO.<\/p>\n Image Credit: Dean Takahashi<\/em><\/p>\n<\/div>\n The V-bucks thing was Sweeney\u2019s joke. The company will give out cash, and you can thank the success of Fortnite for the largesse, as Sweeney said this is Epic\u2019s way of paying back the community.<\/p>\n Epic revealed the fund publicly at its \u201cState of Unreal\u201d opening session at GDC 2019.<\/p>\n The money will go toward assisting game developers, media and entertainment creators, enterprise professionals, students, educators, and tools developers doing outstanding work with Unreal Engine or enhancing open-source capabilities for the 3D graphics community.<\/p>\n Epic MegaGrants marks an evolution from Epic\u2019s Unreal Dev Grants program, a $5 million fund initially launched in 2015, which awarded its final grants earlier this week.<\/p>\n Epic MegaGrants awards range from $5,000 to $500,000 and cover a variety of endeavors to further ignite creativity and technological advancement within the 3D graphics community. All grant recipients will continue to own their intellectual property and will be free to publish however they wish.<\/p>\n \u201cAt Epic we succeed when developers succeed,\u201d said Sweeney. \u201cWith Epic MegaGrants we\u2019re reinvesting in all areas of the Unreal Engine development community and also committing to accelerate the open sourcing of content, tools, and knowledge.\u201d<\/p>\n Unreal Engine 4 dev teams of all sizes can apply for an Epic MegaGrant. Developers can also apply for a grant to help transition existing or in-development games to UE4. The other rules are as follows:<\/p>\n![\"Tim](\"https:\/\/venturebeat.com\/wp-content\/uploads\/2019\/03\/tim-sweeney-and-kim-libreri.jpg?resize=1024%2C768&strip=all\")
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