Reddit Launches $1M Fund To Support User-Driven Projects

The only requirements are that the projects benefit a specific Reddit community and do not promote a third-party company, product, or project.

Reddit Launches $1M Fund To Support User-Driven Projects - SurgeZirc US
Reddit Launches $1M Fund To Support User-Driven Projects.

You’ll finally be able to host that r/legaladvice happy hour or take your r/animalpics friends to the zoo. Reddit is investing $1 million in its Community Funds program, which aims to help users launch their projects and ideas.

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The program will officially open for applications in June, with the entire Reddit community invited to apply. The platform will provide grants ranging from $1,000 to $50,000 to assist users in launching their projects, events, and other ideas.

The only requirements are that the projects benefit a specific Reddit community and do not promote a third-party company, product, or project.

Last October, Reddit piloted the Community Funds concept, funding 13 different 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 in the world. We believe that empowering communities to do more by awarding funds to support their best ideas is one way we can accomplish this,” Reddit said in a blog post.

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According to Reddit, projects will be chosen based on their “creativity, feasibility, and community impact.” Reddit plans to release more submission details and guidelines in the coming weeks, so interested applicants should keep an eye out for them.

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