.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Film Fund to assist AI-augmented movie tasks along with as much as $5M in funding, likely developing to $10M. Path, a leading trailblazer in AI innovation, has actually unveiled The Hundred Film Fund, a brand-new effort made to support creative specialists working with AI-augmented movie projects. Depending on to runwayml.com, the fund currently stands up at $5 million, along with the possible to expand to $10 million.Funding Facts as well as Use Process.The Hundred Film Fund is open to all layouts of movie, consisting of functions, shorts, documentaries, experimental projects, and music videos.
Grants range coming from $5,000 to over $1 thousand, along with an additional $2 thousand in Path credit reports available for awardees. Apps are currently open for imaginative professionals in the pre- or even post-production phases of their ventures.Advisory Panel.The fund’s Advisory Panel includes remarkable industry figures who will provide guidance and also assistance boost selected tasks. Current participants of the panel include:.Jane Rosenthal, Cofounder of Tribeca Festivity.Christina Lee Storm, EMPG Governor at The Tv Institute.Stefan Sonnenfeld, Creator as well as Elderly Colorist at Company 3.will.i.am, Artist, Actor, and also Producer.Richard Kerris, VP GM Media & Amusement at NVIDIA.Even more participants are actually assumed to become introduced in the coming full weeks.Sector Effect.Christina Lee Storm, Creative Producer and also Governor of the Tv Academy’s Surfacing Media Programs colleagues, expressed her excitement regarding the fund, mentioning, “I’m thrilled to be actually joining the Advisory Board for Path’s Hundred Movie Fund to help offer filmmakers as well as performers around the world the possibility to iterate and play with brand new and also surfacing resources like Runway.
I anticipate observing new stories and methods of narration that this Fund are going to uncover for filmmakers who may not or else have the resources they need to have to inform their stories.”.Path’s Purpose.Path aims to democratize access to innovative AI devices for creative experts. The company is actually dedicated to guaranteeing that the future of narration is actually artist-led, with cutting-edge innovations like Gen-3 Alpha at the forefront of their initiatives.Professionals curious about applying for the fund may do so at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.