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MDIF Ventures
May 4 @ 8:00 - 17:00
MDIF Ventures
financial
newsletter
OPENING
DATE
28-05-2023
DEADLINE
DATE
SUBMISSION
LANGUAGE
English
MAXIMUM
VALUE
1.000.000,00 $
PERCENTAGE
OF
FINANCING
NA
NEED HELP WITH THIS CALL?
Who?
MDIF Ventures will consider applications from across the world, serving primarily audiences in countries where access to independent news and information is under threat. However, there are some jurisdictions where we are not able to operate, such as Russia.
What?
MDIF Ventures was launched in 2021 and has invested approximately $1 million in 8 early-stage companies in 7 countries, including Nigeria, Pakistan and Colombia. It builds on the success of our Digital News Ventures fund, which from 2012 to 2015 invested $3.8 million in early-stage digital media companies, many of which have graduated to other forms of MDIF financing. MDIF Ventures also draws on the more recent successful work of the South Africa Media Innovation Program (SAMIP) and Amplify Asia, through which MDIF funds ventures with a mixture of investments, grants and technical assistance.
Most MDIF Ventures equity investments are made in media companies located in countries where access to free and independent news and information is under threat, but in exceptional cases it also considers global projects with a demonstrated benefit for audiences in those countries. MDIF Ventures invests in projects aimed at addressing accountability, strengthening debate, or reducing information poverty.
Unlike regular MDIF investments, MDIF Ventures equity financing targets companies along the early-stage spectrum, from pre-seed (“friends and family” and angel rounds) through to participating in growth or Series A financing rounds. MDIF Ventures may choose to do follow-on investments in existing investees.
Eligibility
MDIF Ventures invests in the form of equity in projects aimed at addressing accountability, strengthening debate, or reducing information poverty. Consequently, the applicant – an existing media company or its founders in the case of a startup – must meet the following criteria:
- Applicants must have a commitment to the provision of unique, credible, independent news, reducing information poverty, addressing accountability, or strengthening debate in the public interest.
- Applicants must have a commitment to the fostering of democratic practices and institutions, political pluralism, transparency, human rights, and dignity and equal rights for all, regardless of race, ethnicity, national origin, gender, sexual orientation, religion and other subjects of discrimination.
- The applicant’s ownership must be independent from the government or any other political or economic interests. This condition may be waived with respect to an applicant where the level and nature of such ownership do not put the applicant’s editorial independence in question.
- The project must be located or serve the audience in countries where access to free and independent news and information is under threat. MDIF Ventures is not able to consider entries from Russia.
Funding
The amount we invest in each deal is dependent on many factors, including: stage of company development, total round-size, and location. When applying, please provide the total amount of money you are raising and how much of the round has already been raised (if any).
MDIF Ventures does not provide grants or loans. It provides equity investments in selected media companies, taking an ownership stake.
- Funding Size: 1.000.000,00 $
Documents
and Forms
Organisation: Media Development Investment Fund (MDIF)
Consult details and how to apply here.
NOTE: The Opening Date in the description is the date when this Call was uploaded to this site and not the real Call Opening Date-> information not found.