This funding track is open to organisations, individuals, and those organisations comprised of just one individual for projects requiring up to €50k of funding. The projects should be very early stage with ideas that have not been designed or their assumptions tested. Up to 100% of the total project cost is available.
The medium funding track is only open to organisations, preferably with at least one journalist on the team and is for projects which require up to €300k of funding. Funding requests can be made of up to 70% of the total cost of the project.
Important: The next round all medium applications need to include a clearly defined monetisation component.
The large track is also only open to organisations, preferably with more than one journalist on the team. These applications require more than €300k of funding. Funding requests can be made for up to 70% of the total cost of the project. Funding is capped at €1m.
Important: The next round all large applications need to include a clearly defined monetisation component.
Projects which could have a wider application or provide learning for other operators as well as bene tting the applicant. This could be a solution one operator has found to a problem many are facing or it could be a new service for the sector or some element of the supply chain. Preferred projects will demonstrate potential for signi cant positive impact on the production of original journalism, the creation of new revenue streams or even change the way people consume digital news.
Innovation/use of technology – preferred projects will use technology in innovative ways and be both transformative for the applicant, and for users. Rating innovation is a tricky thing to outline as it has many interpretations. Essentially projects need to be new and not existing, demonstrate some new thinking and show an interesting way of involving technology and they can empower journalism through technology.
The feasibility of the project is assessed on
the following. Is this the right team to deliver?
Has the applicant demonstrated the ability
to complete on the project? Can we see consistency between costs and the amount of funding requested? How do they mitigate the risks? Preferred projects will have a sound business and implementation plan, clearly outline key performance indicators or metrics, and set out key risks and how to mitigate them.
Avoid using technical terms or jargon, and describe your project idea using simple language. How would you tell a friend about the idea?
Check the budget information to make sure it all adds up, and check that references to financial elements made in different sections are consistent.
Remember, your organisation and your business activity may not be well-known to the assessors. You are welcome to send additional information in support of your application to the email address: email@example.com. (Don’t forget to put the application number in the subject line and do not to submit Business Sensitive Information)
The DNI Innovation Fund team hosted a Q&A last July. Here are some of the most asked questions.
Take a look at the previous recipients – maybe there’s someone you know who could tell you more about how the process works from an applicant point of view. Of course, the DNI Fund project team is always available to answer any questions and can be contacted via firstname.lastname@example.org. Good Luck!