There's an interesting article over at AustralianIT on an event held recently at Sydney's Hilton Hotel. Organised by advisory group Business Strategies International, it was an opportunity for entrepreneurs and small companies to pitch their ideas in front of potential investors and venture capitalists. One of those doing the pitching was Morgan Lean from Sydney's Epiphany Games, who are currently developing their massively multiplayer online role playing game, "Champions of Atlantis"...
Games always attract attention, despite traditionally being eschewed by venture capitalists nervous about the industry's Hollywood-style revenue model.Morgan Lean's Epiphany Games was no exception. Mr Lean hoped to break the industry's investment drought by emphasising the intellectual property value of his Mobile Artificial Intelligence, which allows games characters to remember each others' behaviour and learn from their encounters.
Looking for $1 million for 9 per cent of the company, Epiphany needed the cash to finish its Champions of Atlantis game and develop its artificial intelligence framework.