Applications are open for Media Development Investment Fund (MDIF) Ventures 2024. This is an upcoming investment fund that is focused on supporting media organizations in their growth and development.
Media Development Investment Fund (MDIF) Ventures 2024
Young, independent media firms with potential for growth and social impact are invited to apply for investment from MDIF Ventures. The recipients of successful applications will receive strategic assistance and equity capital to help them grow their firms.
MDIF Ventures is funding a fresh batch of media projects that are based in or cater to audiences in nations where it is difficult to obtain free and independent news and information, as a result of the success of its initial investment round. To date, they have put about $1 million into nine early-stage businesses in seven nations, including Pakistan, Nigeria, and Colombia.
The fund is designed to provide early-stage and growth-stage financing to media companies that are working to create and distribute high-quality content across various platforms. With a deadline of December 10, 2023, the fund is currently accepting applications from media organizations that are looking to scale their operations and expand their reach.
Key Features for Media Development Investment Fund (MDIF) Ventures 2024
- Invests in initiatives that deal with responsibility, bolster discussion, or lessen information poverty.
- Primarily fund international projects that help audiences in countries where free and independent news and information are threatened.
- It focuses on businesses at all stages of development, from pre-seed (“friends and family”/angel) to growth/series A rounds.
- May decide to continue investing in current clients.
- Builds on the achievements of Amplify Asia, the South Africa Media Innovation Program (SAMIP), and Digital News Ventures, which invested $3.8 million in early-stage media from 2012 to 2015.
Eligibility for Media Development Investment Fund (MDIF) Ventures 2024
- Dedication to delivering distinctive, reliable, independent journalism, tackling accountability, ending information poverty, or fostering discussion for the public good
- Ownership needs to be separate from the state and from any other commercial or political agendas. (This may be omitted if the applicant’s editorial independence is unaffected by the extent and type of such ownership.)
- Dedication to promoting democratic institutions and practices, political pluralism, openness, respect for human rights, and equal rights and dignity for all people, irrespective of their gender, race, country of origin, or any other discriminatory factor
- Based in a nation where it is difficult to obtain free and independent news and information, or it caters to a population there. Russia is not eligible to submit applications to MDIF Ventures.
Application
The applications will close on December 10, 2023. Late applications will not be considered.
To conclude, the Media Development Investment Fund (MDIF) Ventures 2024 is an investment fund that aims to support young, independent media firms that have the potential for growth and social impact. The fund provides equity capital and strategic assistance to media companies that create and distribute high-quality content across various platforms.
Eligible applicants are those who are dedicated to delivering distinctive, reliable, independent journalism, tackling accountability, ending information poverty, or fostering discussion for the public good. The fund focuses primarily on funding international projects that help audiences in countries where free and independent news and information are threatened.
Application Deadline: December 10, 2023
