We are excited to announce the launch of the next round of the New Media Ventures Innovation Fund!
New Media Ventures catalyzes progressive change by funding amazing technology and media startups who are making the world a better place. Our Innovation Fund finances early-stage, for-profit and nonprofit startups with $50K + participation in NMV’s startup support program + access to NMV’s network of angel investors. Apply Now.
For this Open Call, we are seeking to make investments and grants in scalable media startups. We define media broadly, including content creation, distribution and promotion. Some of the startups we have supported in the past include Upworthy, DailyKos and Story of Stuff. Join the ranks of a growing movement of media innovators for good!
How do I apply?
Deadline for applications is Monday June 29, 2015 at 5pm PT. Apply now!
What are we looking for?
The NMV Innovation Fund is a competitive application– we are looking to make 2-10 $50k investments and grants. The exact number of investments we make will depend on the quality and quantity of the applicant pool. While the best way to get a sense for the types of companies we fund is to look at our portfolio, here are some guidelines.
Scalable with a proof of concept
We are structure agnostic – meaning that we fund both for-profits and nonprofits. We look for startups with a user base (even if they are only beta users), demonstrated proof of concept and a clear plan for generating revenue and growth.
Strong, diverse team
The best startups have both the technical and business talent to create something great and then sell it. As a result, we are wary of start-ups that have outsourced their technical team, only have developers as co-founders or have B2B experience but want to build a consumer-facing solution. In addition, we look for teams who understand their customer base intimately. Ideally, the entrepreneur could be a customer for the product s/he is developing. The strongest teams also have an extensive network of potential customers, advisors and investors that will be there to help them succeed. Finally, we prefer teams that are diverse in gender, race, experiences and backgrounds because that builds resilience.
New Media Ventures has an explicitly progressive agenda – we care about environmental protection, economic equality, a thriving democracy and more. The startups we support must be mission-driven, and seeking to make the world a better place.
Does this sound like you? Hooray. Apply here.
Questions? Email firstname.lastname@example.org