.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Film Fund to support AI-augmented movie tasks along with as much as $5M in backing, potentially expanding to $10M. Path, a leading inventor in AI modern technology, has unveiled The Hundred Film Fund, a brand-new campaign made to support imaginative experts dealing with AI-augmented movie projects. Depending on to runwayml.com, the fund presently stands at $5 thousand, with the possible to grow to $10 million.Funding Highlights and also Application Process.The Hundred Film Fund levels to all layouts of movie, including functions, pants, documentaries, speculative tasks, and music videos.
Grants range coming from $5,000 to over $1 thousand, with an extra $2 million in Runway debts offered for recipients. Apps are now accessible for imaginative experts in the pre- or even post-production stages of their ventures.Advisory Panel.The fund’s Advisory Door includes notable field figures that are going to give direction and also aid magnify picked projects. Present participants of the door feature:.Jane Rosenthal, Cofounder of Tribeca Celebration.Christina Lee Storm, EMPG Guv at The Television Institute.Stefan Sonnenfeld, Founder and Senior Colorist at Business 3.will.i.am, Artist, Star, and also Producer.Richard Kerris, VP GM Media & Amusement at NVIDIA.Extra participants are assumed to be introduced in the happening full weeks.Industry Effect.Christina Lee Tornado, Creative Producer and also Guv of the Television Institute’s Developing Media Shows peer group, shared her enthusiasm about the fund, stating, “I am actually thrilled to be actually signing up with the Advisory Board for Path’s Hundred Movie Fund to aid offer filmmakers as well as musicians all over the world the option to iterate and play with brand new as well as developing tools like Runway.
I anticipate seeing new stories and methods of narration that this Fund will certainly open for producers who may not or else have the information they need to have to tell their stories.”.Runway’s Goal.Path targets to equalize access to state-of-the-art AI tools for artistic specialists. The business is committed to making sure that the future of storytelling is actually artist-led, with innovative modern technologies like Gen-3 Alpha at the leading edge of their efforts.Specialists interested in making an application for the fund may do so at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.