Marc Fest (Director of Communications at the John S. and James L. Knight Foundation) asked me to pass this on:

The Knight News Challenge contest awards $5 million for innovative media ideas, however the October 15 application deadline is quickly approaching. The streamlined application takes less than 20 minutes. Anybody worldwide has a chance to win. For more information and to apply visit www.newschallenge.org.

The Knight News Challenge is one of the more innovative funding models that I referenced recently in a post about changing technology funding practices. Their approach to granting — both the application process and the fast, iterative funding cycles — is having a catalyzing effect, and a noticeable impact, on the shape of local news around the world.

If you’re involved with a citizen or local media project: get that pencil sharpened and start writing.