.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Film Fund to assist AI-augmented film projects with up to $5M in financing, potentially growing to $10M. Path, a leading trailblazer in artificial intelligence technology, has introduced The Hundred Film Fund, a brand-new project created to support creative professionals servicing AI-augmented film tasks. According to runwayml.com, the fund presently stands at $5 thousand, along with the possible to increase to $10 million.Funding Features and also Application Process.The Hundred Movie Fund is open to all styles of film, consisting of features, pants, films, speculative jobs, as well as music videos.
Grants vary coming from $5,000 to over $1 million, along with an extra $2 thousand in Runway debts offered for recipients. Applications are now accessible for imaginative experts in the pre- or post-production periods of their jobs.Advisory Door.The fund’s Advisory Door features remarkable industry characters that will certainly provide assistance and also assistance enhance chosen projects. Current participants of the board consist of:.Jane Rosenthal, Cofounder of Tribeca Event.Christina Lee Tornado, EMPG Governor at The Tv Institute.Stefan Sonnenfeld, Owner and also Senior Colorist at Firm 3.will.i.am, Musician, Actor, as well as Producer.Richard Kerris, VP GM Media & Enjoyment at NVIDIA.Extra members are actually expected to become declared in the happening full weeks.Market Influence.Christina Lee Tornado, Creative Producer and Guv of the Television Institute’s Arising Media Shows colleagues, revealed her enthusiasm regarding the fund, specifying, “I am actually enjoyed be actually participating in the Advisory Panel for Path’s Hundred Movie Fund to aid provide filmmakers and artists all over the world the option to repeat and play with brand-new and also emerging resources like Runway.
I anticipate seeing new tales as well as procedures of storytelling that this Fund will certainly open for producers that might certainly not otherwise have the information they require to inform their stories.”.Path’s Goal.Path strives to democratize access to state-of-the-art AI devices for innovative experts. The firm is actually committed to ensuring that the future of storytelling is artist-led, with ingenious technologies like Gen-3 Alpha at the center of their attempts.Professionals curious about obtaining the fund can possibly do so at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.