Singapore – 12 January 2009 – To propel local companies with innovative new media services, applications and business models into the global market, the Media Development Authority (MDA) has awarded five New Media projects with a total funding of S$7.6 million. These projects, ranging from development of games to media-rich learning, are expected to create 300 new jobs in the local media sector and achieve for Singapore S$70 million in Total Investment Committed.