.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to sustain AI-augmented film tasks with approximately $5M in funding, potentially developing to $10M. Path, a leading trendsetter in AI technology, has actually unveiled The Hundred Film Fund, a brand-new campaign designed to support imaginative specialists working on AI-augmented movie projects. According to runwayml.com, the fund currently stands up at $5 million, along with the potential to develop to $10 thousand.Financing Features as well as Request Process.The Hundred Film Fund levels to all styles of film, featuring attributes, shorts, films, experimental ventures, and also music videos.
Grants range coming from $5,000 to over $1 thousand, with an added $2 million in Runway credit ratings offered for awardees. Applications are currently open for innovative professionals in the pre- or even post-production periods of their tasks.Advisory Panel.The fund’s Advisory Board includes noteworthy industry figures who will offer guidance and support amplify picked tasks. Existing members of the door consist of:.Jane Rosenthal, Cofounder of Tribeca Celebration.Christina Lee Storm, EMPG Governor at The Tv Institute.Stefan Sonnenfeld, Creator and Senior Colorist at Company 3.will.i.am, Musician, Star, and also Manufacturer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.Even more members are actually expected to become announced in the happening weeks.Industry Influence.Christina Lee Hurricane, Creative Developer as well as Guv of the Television Institute’s Developing Media Computer programming peer group, revealed her excitement about the fund, saying, “I’m thrilled to be actually signing up with the Advisory Door for Path’s Hundred Film Fund to help give filmmakers and performers worldwide the possibility to repeat and have fun with new and also developing tools like Path.
I eagerly anticipate finding brand new stories and methods of narration that this Fund will definitely uncover for producers who might certainly not or else possess the sources they require to tell their stories.”.Runway’s Objective.Runway targets to equalize accessibility to enhanced AI tools for innovative experts. The firm is devoted to making sure that the future of storytelling is actually artist-led, along with ingenious technologies like Gen-3 Alpha at the leading edge of their attempts.Professionals thinking about applying for the fund may do so at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.