.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Movie Fund to support AI-augmented film jobs along with up to $5M in backing, likely expanding to $10M. Runway, a leading innovator in artificial intelligence technology, has introduced The Hundred Movie Fund, a new effort developed to sustain creative experts servicing AI-augmented movie tasks. According to runwayml.com, the fund presently stands up at $5 thousand, along with the possible to expand to $10 million.Funding Highlights and Application Refine.The Hundred Film Fund levels to all layouts of film, consisting of components, pants, documentaries, speculative tasks, and also video.
Grants vary from $5,000 to over $1 million, along with an added $2 million in Runway credit scores offered for awardees. Applications are actually right now open for artistic experts in the pre- or even post-production periods of their ventures.Advisory Board.The fund’s Advisory Panel consists of remarkable business characters that are going to supply advice as well as support intensify picked ventures. Existing members of the door consist of:.Jane Rosenthal, Cofounder of Tribeca Festivity.Christina Lee Tornado, EMPG Guv at The Television Institute.Stefan Sonnenfeld, Creator and Elderly Colorist at Provider 3.will.i.am, Performer, Star, and Developer.Richard Kerris, VP GM Media & Amusement at NVIDIA.A lot more members are expected to be introduced in the coming full weeks.Field Effect.Christina Lee Tornado, Creative Developer and Governor of the Tv Institute’s Emerging Media Programs peer group, revealed her pleasure about the fund, mentioning, “I’m thrilled to be actually joining the Advisory Board for Runway’s Hundred Movie Fund to aid give filmmakers as well as artists around the world the chance to iterate and also enjoy with brand new as well as arising resources like Path.
I await seeing brand new tales and also approaches of narration that this Fund will definitely open for filmmakers that may not or else have the resources they require to tell their stories.”.Path’s Purpose.Runway intends to equalize access to advanced AI devices for innovative professionals. The provider is actually dedicated to making sure that the future of storytelling is artist-led, along with impressive innovations like Gen-3 Alpha at the leading edge of their attempts.Experts thinking about getting the fund can do thus at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.