Approved by Prague’s city council on 15 September, the endowment fund „Nadační fond Praha ve filmu Prague Film Fund“ was incorporated on 16 December 2016. The new fund’s purpose is to support the positive representation of the Czech capital abroad, through film and television production.
The fund will provide financial support to both feature films for international distribution in cinemas as well as for TV movies and series to be broadcast on foreign television stations. The essential condition is that the project portrays Prague as herself (and not as a stand-in for another city).
The administrative board of the fund, which will decide on the allocations to productions, is composed of representatives of film institutions, experts from the film industry and fields of tourism, economics and marketing, and representatives of the elected bodies of Prague.
The budget allocated to the fund in 2016 amounts to CZK 10 million, the same amount which has been earmarked annually from the Prague municipal budget for the coming years.