Knight Prototype Fund
The Knight foundation has just launched a prototype fund (Knight Challenge prototype fund), in an attempt to shorten the pace of grantmaking. The prototype fund takes 60 to 120 days and offers less than $50,000 dollars to help groups take an idea into prototype. The goal is to create a more iterative, innovative approach, funding 50-60 projects. The Jefferson Institute has received one of these grants to explore their Patchwork Nation data. University of Nebraska's drone journalism program has also received prototype funds.
Michael Maness and Joi Ito spoke to Elise Hu about Knight's vision for this fund.
Eilse Hu (@elisewho): How have you sought to innovate in this space?