Knight Foundation Rolls $5M Journalism 2.0 Fund

The James L. Knight Foundation, a nonprofit dedicated to promoting journalism, has launched a $5 million fund for community journalism projects. The Foundation was created by the Knight brothers, who founded newspaper giant Knight Ridder. The fund could invest $25M in new projects over the next five years if ideas warrant.

The News Challenge is looking to fund new ideas, prototypes, products and leadership initiatives that use innovative news methods to help citizens better connect within their communities. The competition is open to anyone, not just the journalism community, according to a report on netribution.