Reddit Launches $1 Million Fund to Support User-driven Projects

Reddit Launches $1 Million Fund to Support User-driven Projects

You’ll finally be able to organize that r/legaladvice happy hour or invite your r/animalpics buddies to the zoo. Reddit is spending $1 million on its Community Funds initiative, which aims to assist users in launching their enterprises and ideas.

The program will formally open for applications in June, with the whole Reddit community encouraged to apply. The site will provide grants ranging from $1,000 to $50,000 to assist users in launching their companies, events, and other ideas. The only requirements are that the initiatives help a specific Reddit community and not promote a third-party company, product, or project. Aside from that, it looks like the sky is the limit. Online conferences, presentations, outdoor festivals, concerts, seminars, periodicals, and short films are just a few of the initiatives highlighted on Reddit.

Last October, Reddit piloted the Community Funds concept, funding 13 various projects such as a community billboard contest, a digital conference for historians, Christmas gifts for low-income families, and a comic book contest.

“Community Funds aligns with our mission of bringing community, belonging, and empowerment to everyone. We believe that empowering communities to do more by awarding funds to support their best ideas is one way we can accomplish this,” said Reddit in its blog post announcing the program.

According to Reddit, projects will be chosen based on their “creativity, practicality, and community effect.” Reddit expects to provide more application criteria and standards in the coming weeks, so interested applicants should watch them.

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Jessica Vieira
Jessica Vieira
Jessica Vieira is ProductReviews's senior media reporter, covering the intersection of entertainment and technology.