Google has revealed that it has made its first round of investments into digital and tech news providers in Europe, with more than (US)$30 million going to the initial bunch of applicants.
According to TechCrunch, Google has released more details about its Digital News Initiative which will see it invest more than (US)$167 million into "innovative digital journalism" over the next three years.
“The funding will go to a wide variety of organizations” Google CEO Sundar Pichai told reporters, "ranging from automated content personalization and robot journalism, to hoax-busting apps and tools to verify social media in real-time reporting."
The new fund will be deployed to sites and journalists in three categories, including ‘prototype projects’ requiring up to US $55k of funding. In addition, the fund is also open to medium-sized projects, startups and news organizations requiring up to US $333k and large projects, open to larger organizations with more ambitious goals requiring larger amounts of funding.
Email Nicola at nicolariches@yaffa.com.au.