UK documentary festival Sheffield Doc/Fest is launching a spin-off for its popular MeetMarket funding event, focusing on interactive, web and digital projects.
“As well as having interactive projects in MeetMarket, we’re also going to have this sidebar sort of thing called The Crossover Market,” Doc/Fest’s marketplace director Charlie Phillips (pictured above) tells realscreen.
The inaugural spin-off event will run during Doc/Fest next June, on different days from the main two-day MeetMarket, which pairs funders and decision-makers with filmmakers. “It’s not a replacement for MeetMarket,” says Phillips. “It’s to allow us to have more of these types of projects.
“Lots of the projects in the Crossover Market will be coming through a program called Devise to Deliver – a training program that we’re running at the moment – which is part of our wanting to have an overall commitment to interactive.”
Projects will be “cherry picked” for the first Crossover Market on an invitation-only basis, with roughly 25 taken on.
Phillips adds that Doc/Fest will continue to take about 65 MeetMarket projects a year, of which around 20 to 25 will be UK-based. “We want to remain being all about personal attention and personal support,” he explains, adding that he encourages those interested in the Crossover Market to express their interest via the normal MeetMarket application process.
The news comes as Doc/Fest today published a report on MeetMarket trumpeting £27 million (US$ 42.9 million) worth of deals in the event’s first seven years.
According to Doc/Fest, the total sum has been raised for 369 documentary and digital projects from 35 countries, via 5,900 one-to-one meetings since 2006.
Acclaimed docs funded via the event have included 5 Broken Cameras, Planet of Snail and Give Up Tomorrow. This year’s MeetMarket was the most successful to date, raising a projected £7 million, which averages out as £107,692 per project. The festival said that 70% of projects in this year’s market did a deal of some kind.
A total of 239 buyers attended, including distributors and sales agents (15.5%); commissioners, buyers, financiers, investors and film funds (40.7%); producers and executive producers (24.9%); directors, filmmakers and creatives (11.2%); and crowdfunding platforms, mentors, advisers and consultants (7.7%).
The full ‘MeetMarket: The First Seven Years’ report is available here: sheffdocfest.com/view/meetmarket
MeetMarket 2013 will take place on June 13/14. Applications open on January 7 and close on March 20.