Former Aardman Animations TV boss Miles Bullough has launched digital studio Wildseed Studios with a fund of $785,000 (£500,000) to invest in multiplatform ideas.

Bullough, who left the Wallace & Gromit and Shaun The Sheep producer after nearly a decade in July 2012, has teamed with Jesse Cleverly, a former head of coproduction and acquisition at BBC Children’s to set up the company.

Wildseed Studios is designed to fund projects from content creators which span TV, the web, apps and comic books and will make up to 50 investments of up to $16,000 (£10,000) over the next three years to help creatives get ideas commissioned and distributed.

It is focusing on character comedy, animated sitcoms, genre fiction and series for kids aged 6-11.

The company has already invested in two projects including an animated series based on comic book writer Ralph Kidson, who created The Amazing Captain Dolphin, and a sci-fi horror web series from Drew Casson, who created zombie short film H1N1.

Wildseed Studios is also set to launch its own YouTube channel later this year to house all of its pilots, experiments and episodes.

“Wildseed Studios’s mission is to enable new creators and established creators interested in working in a new way to do great work, take risks and be creatively brave. We will not seek to creatively control the projects we invest in but we will advise, mentor, support, market, sell and monetise the content, and share in its success with the creators,” the company noted.