Got a bright idea? Get paid for it!

Knight Foundation has launched year two of the Knight News Challenge and plans to award as much as $5 million for innovative ideas using digital experiments to transform community news. Applications will be accepted until Oct. 15, 2007.

Do you have a big idea for building community using bits and bytes? Cell phone documentaries? New operating software for news collectors? Journalism games? Nothing is too far out to qualify. With the slogan “You Invent It.