The Center for Innovative Technology (CIT) recently announced their plans to invest in Washington DC graduate, Cont3nt.com. Cont3nt.com is a real-time marketplace for breaking photo and video journalism, that allows photo and video journalists to sell their media to major news sources. The platform enables news sources to have immediate access to real-time content, while media companies, freelancers and citizen journalists can get paid and published.
With Cont3nt.com, media curators have the option to sell their content privately or publicly. After pricing and licensing their work, they can decide which media outlets to deliver to. When media companies receive a submission, they have the option to buy it, if interested.
Pete Jobse, CIT President and CEO, said, “Cont3nt.com's innovative technology allows journalists to upload and sell their digital media to news outlets instantly. Investing in this company will enhance the broadcast of news worldwide.”
Cont3nt.com’s CEO Anton Gelman said, “The Arab Spring, Occupy Wall Street and the recent presidential elections have shown the power of real-time communications and citizen journalism, but today it’s still difficult for citizen journalists to earn money on even the most amazing content. We started Cont3nt.com to make it profitable to get your story to the world. With the support of CIT GAP Funds, we’ll be able to continue developing our product so that it becomes a ubiquitous global platform."
Tom Weithman, CIT Vice President and GAP Funds Managing Director, said, “We provide seed-stage funding to entrepreneurs like Anton Gelman because we believe in investing in groundbreaking technologies that will benefit long-term economic growth and jobs for Virginia.”
To read the full story on CIT’s investment in Cont3nt.com click here.