.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Film Fund to support AI-augmented film ventures with up to $5M in financing, likely developing to $10M. Path, a leading trailblazer in artificial intelligence innovation, has unveiled The Hundred Film Fund, a brand-new effort created to support imaginative specialists working with AI-augmented film projects. Depending on to runwayml.com, the fund currently stands at $5 thousand, along with the prospective to increase to $10 million.Funding Information as well as Request Refine.The Hundred Film Fund levels to all layouts of movie, consisting of components, shorts, docudramas, experimental projects, as well as video.
Grants range coming from $5,000 to over $1 thousand, with an added $2 million in Runway credit scores readily available for recipients. Functions are right now available for artistic specialists in the pre- or post-production periods of their ventures.Advisory Board.The fund’s Advisory Board consists of notable business figures that are going to give advice and help boost chosen ventures. Present members of the board consist of:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Hurricane, EMPG Governor at The Tv Institute.Stefan Sonnenfeld, Founder as well as Senior Colorist at Provider 3.will.i.am, Musician, Star, and Producer.Richard Kerris, VP GM Media & Amusement at NVIDIA.Even more participants are actually anticipated to become declared in the happening full weeks.Industry Impact.Christina Lee Tornado, Creative Producer and Guv of the Tv Institute’s Developing Media Programming peer group, revealed her enjoyment concerning the fund, specifying, “I am actually thrilled to be actually participating in the Advisory Board for Runway’s Hundred Movie Fund to aid give producers and also musicians worldwide the possibility to repeat as well as have fun with new and arising devices like Path.
I anticipate finding brand-new stories and also approaches of storytelling that this Fund are going to open for filmmakers that may certainly not or else possess the information they need to tell their tales.”.Runway’s Mission.Runway targets to equalize accessibility to enhanced AI resources for imaginative experts. The firm is devoted to guaranteeing that the future of narration is actually artist-led, along with impressive modern technologies like Gen-3 Alpha at the leading edge of their efforts.Professionals considering securing the fund can possibly do so at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.