BitTorrent has launched a new fund aimed at emerging musicians, filmmakers and other creatives. Called simply The Discovery Fund, it will offer “cash grants and promotional support” to 25 creators in its first year.
“This open, international initiative has a rolling call (so you can apply when your project is ready) and provides $2,500 – $100,000 in marketing and distribution funding to use at your discretion,” explained the company. It’s an extension of BitTorrent’s work with a range of established artists to distribute their work, from Thom Yorke and De La Soul to Major Lazer. Now the company says it wants to “incubate the world’s next wave of awesome, straight-up brave storytellers and outside voices”. BitTorrent’s creator-focused efforts still meet scepticism from some music rightsholders, but if the company can prove it can help new artists start to break, its standing may improve further.