The initial round of grants covers a range of media organisations and activities from major international projects to small, local initiatives.
"The Institute believes that the best way to champion quality journalism is to help journalists do more of it," said Mark Ryan, a director of the Institute.
"Most of the grants announced today will create new positions or new projects for journalists. We also expect some of these initial projects will expand into more substantial initiatives."
The Institute's approach to grants is informed by five principles: creating new opportunities for journalists to do more journalism; focusing on projects that will have the greatest impact; encouraging new investment in journalism; non-partisanship; and respect for