Investor Group Poised to Back Oakland Entertainment Producers

Oakland — Oakland’s Incubate Group Corp. is planning investments of up to $1 million each in several local women- and black-owned multi media gaming, video and other digital entertainment companies.

The group has signed letters of intent to invest between $200,000 and $1 million in each of seven companies since December, including two animated cartoon producers, a role-playing game author and a foreign language education company. It is readying paperwork with White & Lee LLP to launch a venture fund that will manage both the seed and eventual “graduation” funding it plans to award to between five and 10 companies later in the year.