The films, to be directed by Rachel Ward and Anthony Maras respectively, are among the most advanced at the company.
Local horror film I, Frankenstein is set to begin its 10-week shoot in Victoria next week
The New South Wales government has invested more than $3.3m across 14 screen productions, including French-Australian co-production The Grandmothers
The big-budget film will feature Frankenstein's Monster, The Invisible Man and Dracula
Five of the 10 established companies which received funding increased annual net profit in 2009-10 by an average of 50 per cent
Screen Australia will provide up to $3 million in enterprise funding to selected production companies following a positive survey of the initial recipients