The DNI Innovation Fund, launched in collaboration with around 120 European news organisations, will award grants to startups and innovative pre-development ideas.

Internet technology provider Google opened applications today for its €150m ($168m) DNI Innovation Fund, which will award grants to startups developing technology for the news industry.

DNI Innovation Fund will provide the cash over the next three years in the form of grants to people, startups or established publishers in Europe’s digital news industry which are developing new ways of consuming, practicing or organising digital journalism.

The fund will form part of Google’s Digital News Initiative (DNI), which now encompasses…