Facebook has opened applications for its new $ 15 million Australian News Fund, which will see the social media giant invest in public service journalism and support regional and digital newsroom innovation and economic sustainability.
First announced in August, the information fund will be divided into two funds; the Sustainable Development Fund and the Public Interest Journalism Fund over three years.
the Sustainable Development Fund will also allocate A $ 2.5 million per year, in grants of up to A $ 250,000, to fund newsroom products and revenue-related projects. Priority will be given to applicants based in a regional area, or serving local communities, or digital-only publications.
the Public Interest Journalism Fund, will also allocate A $ 2.5 million per year, providing grants of up to A $ 120,000, to invest in public service journalism and encourage media diversity. It will support small regional newsrooms and freelance journalists, as well as newsrooms covering underserved communities.
Eligible Australian newsrooms and journalists can apply to one or both funds under the Facebook Australian News Fund. The Walkley Foundation will appoint an independent external selection committee to review applications against funding eligibility criteria, which include whether or not the project contributes to the long-term viability of the news organization or provides a public benefit.
Applications for both funds close on November 26, 2021. Winners will be announced before the end of March 2022.