The Lenfest Institute for Journalism is proud to fund individuals and organizations building news and information products that engage and inform local communities.
We are building a new type of organization based on a “venture philanthropy” model: pairing a non-profit structure with an entrepreneurial mindset. We encourage bold risk-taking on projects with the potential for major payoffs, recognizing many attempts aimed at transformation will deliver important new insights even if missing the mark on desired outcomes. The Institute’s grantees and entrepreneurs in residence work as a cohort, sharing findings with each other and the public.
We are now accepting applications for a new grant program: The Local News Business Model Challenge .
Click here to apply. The application deadline is October 15, 2018.
The Local Business Model Challenge will offer a total $350,000 in grants of up to $50,000 each for projects that explore new business models for sustainable local news and information organizations. These could be new products that generate revenue, or new business models that add or replace existing revenue streams. We are interested in ways to improve on existing models like subscriptions or membership, advertising or events — and also to explore totally new ways of sustaining a local news business. This can be a digital product that could be scaled beyond one locality and used by others. It can also be a project that serves as an demonstration of a new revenue model, and provide a toolkit for applying it elsewhere.