The document describes the Magic Grants program which provides funding of up to $300,000 for innovative media projects. It highlights several projects that were previously funded, including a collaborative story writing platform and a mobile publishing protocol for conflict reporting. The grants support students at all levels from multiple universities, with deadlines in February-March 2015 and an opportunity to present projects to the review committee. The guiding principles emphasize broad impact, open competition of ideas, intellectual merit, multi-disciplinary collaboration, and helping ideas grow beyond the institute.