Jorg Hiller
26 Sep 2024 17:22
Runway launches The Hundred Film Fund, which will provide up to $5 million in funding to support AI-augmented film projects, with the potential to grow to $10 million.
Runway, a leading innovator in AI technology, has announced The Hundred Film Fund, a new initiative designed to support creative professionals working on AI-augmented film projects. According to runwayml.com, the fund is currently at $5 million with the potential to grow to $10 million.
Funding Details and Application Process
The Hundred Film Fund is open to all film formats, including features, shorts, documentaries, experimental projects, and music videos. Grants range from $5,000 to over $1 million, with winners receiving an additional $2 million in Runway credit. Applications are now open for creative professionals in the pre- or post-production stages of their projects.
Advisory Board
The Fund’s Advisory Board includes prominent industry figures who will help guide and scale selected projects. Current Board members include:
- Jane Rosenthal, co-founder of the Tribeca Festival
- Christina Lee Storm, EMPG President, The Television Academy
- Stefan Sonnenfeld, founder and chief colorist at Company 3
- will.i.am, artist, actor, producer
- Richard Kerris, Vice President of Media and Entertainment at NVIDIA
More members are expected to be announced in the coming weeks.
Industry impact
Christina Lee Storm, executive producer and director of the Television Academy’s Emerging Media Programming peer group, expressed excitement about the fund, saying, “I’m thrilled to join Runway’s Hundred Film Fund Advisory Board, which provides filmmakers and artists around the world with the opportunity to iterate and play with new and emerging tools like Runway. I look forward to the fund opening up new stories and storytelling methods for filmmakers who might not otherwise have the resources to tell those stories.”
The mission of the runway
Runway aims to democratize access to advanced AI tools for creative professionals. With groundbreaking technologies like Gen-3 Alpha at the forefront, the company is committed to ensuring the future of storytelling is artist-led.
Professionals interested in applying to the fund can do so at runwayml.com/TheHundredFilmFund.
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