.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Film Fund to sustain AI-augmented film ventures along with up to $5M in funding, possibly developing to $10M. Path, a leading trendsetter in AI modern technology, has introduced The Hundred Film Fund, a brand-new effort created to assist creative professionals working on AI-augmented film jobs. Depending on to runwayml.com, the fund currently stands up at $5 thousand, along with the potential to grow to $10 million.Financing Particulars and Use Process.The Hundred Film Fund levels to all formats of movie, featuring attributes, shorts, documentaries, experimental projects, as well as music videos.
Grants range coming from $5,000 to over $1 million, along with an added $2 thousand in Runway credit histories available for awardees. Functions are right now accessible for innovative professionals in the pre- or post-production phases of their jobs.Advisory Board.The fund’s Advisory Board features distinctive sector characters that are going to offer direction and also assistance boost selected ventures. Present members of the board include:.Jane Rosenthal, Cofounder of Tribeca Celebration.Christina Lee Hurricane, EMPG Guv at The Tv Institute.Stefan Sonnenfeld, Creator and also Elderly Colorist at Provider 3.will.i.am, Performer, Actor, and also Developer.Richard Kerris, VP GM Media & Amusement at NVIDIA.Much more participants are actually assumed to be revealed in the happening full weeks.Field Effect.Christina Lee Tornado, Creative Developer and also Guv of the Tv Institute’s Emerging Media Shows peer group, showed her exhilaration about the fund, mentioning, “I’m enjoyed be joining the Advisory Panel for Path’s Hundred Movie Fund to aid offer producers as well as artists all over the world the option to iterate as well as enjoy with brand new as well as developing resources like Runway.
I eagerly anticipate observing brand new tales and also techniques of storytelling that this Fund will certainly uncover for producers that might not or else have the information they require to inform their tales.”.Runway’s Objective.Path aims to democratize access to innovative AI devices for imaginative professionals. The business is actually committed to guaranteeing that the future of narration is artist-led, with innovative modern technologies like Gen-3 Alpha at the center of their initiatives.Experts interested in obtaining the fund can do so at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.