Mozilla is creating its own venture fund

Mark Surman, the head of the Mozilla Foundation, announced the creation of a venture fund, Mozilla Ventures, which will invest in startups promoting products and technologies aligned with Mozilla's ideals and manifest. The fund will begin operations in the first half of 2023, with an initial investment size of at least $35 million.

Values that startup teams should share include privacy, inclusivity, transparency, accessibility for people with disabilities, and respect for human dignity. Examples of qualifying startups include Secure AI Labs (a single patient registry to facilitate interaction in medical research), Block Party (a blocklist for unwanted commenters on Twitter), and heylogin (a password manager using phone confirmation instead of a master password).

Principles reflected in the manifest:

  • The internet is an integral part of modern life, a key component in education, communication, collaboration, business, entertainment, and the overall structure of society.
  • The internet is a global public resource that must remain open and accessible.
  • The internet should enrich the lives of every person.
  • User security and privacy on the internet are fundamental and cannot be treated as secondary issues.
  • People should have the ability to shape the internet and their presence within it.
  • The effectiveness of the internet as a public resource depends on compatibility (of protocols, data formats, content), innovation, and decentralization of internet development efforts worldwide.
  • Open-source software contributes to the development of the internet as a public resource.
  • Transparent public processes foster collaboration, increase accountability, and build trust.
  • Commercial participation in the development of the internet brings significant benefits; balancing commercial profit with public good is essential.
  • Increasing the public benefit of the internet is an important task worthy of time and attention.

    Source: opennet.ru
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