The award, from the Metropolitan City of Busan, is designed to support a talented director and producer. Wang, whose credits include Shanghai Dreams and Beijing Bicycle, is working with Isabelle Glachant on the project.
As with Shanghai Dreams, 11 Flowers is based on Wang's memories of growing up in China's Guizhou province and revolves around a child who finds a wounded runaway man in the woods.
Meanwhile, Park Ki-bok's Farewell picked up the Kodak Award, presented to a Korean PPP project, which comes with film stock worth $20,000. The project, about a man going through a mid-life crisis, is being produced by Korean production house Blue Storm and has already attracted financing from Seoul-basedCineclick Asia.
Among other awards, Joan And The Voices, from Armenian director Mikayel Vatinyan, clinched funding of $20,000 from the Goteborg Film Festival, which aims to help around 8-10 filmmakers a year with their travelling and accommodation expenses.
The Cineclick Asia Award was presented to Room Of Dreams from Japanese director Sono Sion. The award comes with a purse of $10,000 and a first-look deal with Cineclick.
The $10,000 Busan Film Commission award went to Bi, Don't Be Afraid from Vietnamese director Phan Dang Di. The film is being produced by the Vietnam Media Corporation.
The Overseas Korean Foundation presented its award, also worth $10,000, to The Sea of Tranquilityto be directed byMichael Kang, whose credits include US-Korean crime drama West 32nd.
This year's PPP featured 35 projects for which filmmakers and potential investors had more than 500 meetings over the four days of the market (Oct 8-11).