In addition to $860,000 in funds for projects in all stages, the Asian Cinema Fund also offers support in the way of post-production services in Korea.
'PIFF has always focused on promoting Asian cinema and discovering new talent,' says programmer Hong Hyo-sook. 'The Asian Cinema Fund aims to further build a network of Asian filmmakers and establish the color of Asian cinema in all itfss diversity.'
The Fund will award four Asian projects and three Korean projects in pre-production $11,000 each. This section is to be organized jointed by PIFF and the Association of Korea Independent Film & Video.
Features in post-production get the equivalent of $53,000 - $161,000 each in services. Two Asian projects will get sound and digital intermediate processing, while another two will get digital intermediate processing, as will two Korean projects.
Open to all filmmakers from Asia, the Fund is for feature film and documentaries meant for theatrical release. A selection committee will award the funds after reviewing applications and portfolios.
Completed works supported by the Asian Cinema Fund can be screened at the PIFF.
PIFF already has the AND Fund for documentary projects which offers $5,400 - $11,000 per project for 14 projects in pre- or post-production.