Since its introduction, the Digital News Initiative Innovation Fund, our €150 million dedication to supporting innovation within the European information trade, has supplied €73.5 million to 359 bold tasks in digital journalism, throughout 29 international locations. The fund is designed to supply no-strings-attached awards to these within the information trade searching for some room—and finances—to experiment. As we’re solely midway by our dedication, we’re thrilled to open the DNI Innovation Fund for a fourth spherical of functions. This season’s software spherical will probably be open for the subsequent 4 weeks, ending October 12 (23:59 CEST).

Focus on monetization for medium and huge tasks

Round 4 of the DNI Innovation Fund will probably be barely totally different from earlier rounds for Medium and Large monitor candidates. We’ve heard clearly that monetization one of many largest challenges presently dealing with information publishers. Therefore, for this fourth spherical of funding, we’re requiring all Medium and Large tasks to supply specific plans for monetization, with clear indicators exhibiting the potential of the venture to create financial worth added for the enterprise. Prototype tasks don’t have the monetization requirement and stay, as in earlier rounds, all about innovation.

Here’s a fast reminder of how the Fund works:

Projects

We’re searching for tasks that reveal new considering within the apply of digital journalism; that help the event of recent enterprise fashions, or perhaps even change the way in which customers eat digital information. Projects will be extremely experimental, however will need to have well-defined targets and have a big digital part. There is totally no requirement to make use of any Google merchandise. Successful tasks will present innovation and have a constructive influence on the manufacturing of authentic digital journalism and on the long-term sustainability of the information enterprise.

Eligibility and Funding

The Fund is open to established publishers, online-only gamers, information startups, collaborative partnerships and people based mostly within the EU and EFTA international locations. There are three classes of funding obtainable:

  • Prototype tasks: open to organizations—and to people—that meet the eligibility standards, and require as much as €50ok of funding. These tasks must be very early stage, with concepts but to be designed and assumptions but to be examined. We will fast-track such tasks and can fund 100 p.c of the entire value.

  • Medium tasks: open to organizations that meet the eligibility standards and require as much as €300ok of funding. We will settle for funding requests as much as 70 p.c of the entire value of the venture. Important: All medium functions want to incorporate a clearly outlined monetization part.

  • Large tasks: open to organisations that meet the eligibility standards and require greater than €300ok of funding. We will settle for funding requests as much as 70 p.c of the entire value of the venture. Funding is capped at €1 million. All giant functions want to incorporate a clearly outlined monetization part.

Exceptions to the €1 million cap are potential for big tasks which can be collaborative (e.g., worldwide, sector-wide, involving a number of organizations) or that considerably profit the broad information ecosystem.

How to use

Visit the brand new Digital News Initiative web site for full particulars, together with eligibility standards, often requested questions, phrases and situations, and software kinds. Applications have to be made in English and the submission deadline for the fourth spherical of funding is October 12, 2017. We’re additionally internet hosting a stay on-line hangout on with the DNI Fund Team on Tuesday, Sep 26, at 3pm CEST, the place we’ll share learnings from the primary three rounds of functions and clarify what has modified for Round 4. If you could have any questions or wish to hear extra, hand in your questions upfront on our website.

We’ll announce the subsequent funding recipients by the tip of this 12 months. We look ahead to receiving your functions!

This article sources info from The Keyword