What the Knight News Challenge could learn from ABC’s ‘Shark Tank’

The Knight News Challenge is once again alive.

The deadline for applications in the fifth annual media innovation pitch series from the John S. and James L. Knight Foundation is, as deadlines tend to do, rapidly approaching: Dec. 1.

It was only back in June that the recipients of the 2010 Knight News Challenge grants were announced, for which you can see commentary from the Nieman Journalism Lab here.

In other news, ABC this fall announced that outspoken billionaire and Dallas Mavericks Owner Mark Cuban and comedian Jeff Foxworthy would be joining a handful of venture capitalists on the second season of made-for-TV, speed investment pitch reality show “Shark Tank.”

Despite being influenced by a popular Japanese program format and easily being among the most interesting reality TV shows I’ve ever seen, “Shark Tank” wasn’t the ratings success ABC may have wanted.

Popular or not, from when the show first debuted and even more so this year, I think there is plenty the Knight News Challenge should take from “Shark Tank.”

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Knight News Challenge grant proposals: Technically Philly and NEast Philly

knight-newschallenge

With an Oct. 15 deadline looming, I’ve had my hand in two submissions requesting funds from the Knight Foundation’s News Challenge program.

One I wrote in conjunction with Shannon McDonald, requesting $40,000 to launch a Neighborhood Correspondents program for NEast Philly, a hyperlocal news site for Northeast Philadelphia.

The second was a proposal from the three of us behind Technically Philly, seeking $250,000 to help establish a sales, marketing and business services company to help grow and unite niche news sites in Philadelphia.

Of course, we were knocked from contention for a $10,000 Knight-Batten grant by the New York Times, but we think we have a good pitch on another day. Who knows what could happen?

Give both a look, comment, rate and spread the word. We won’t find out until November if we’re in the running and not until 2010 if we’d get any money. Still, a kid can dream, right?

See briefs of the two pitches below.

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