Berners-Lee Launches New W3 Foundation

robertsonadams tips us to the initiation of the World Wide Web Foundation with $5M of seed funding from the Knight Foundation. From the announcement: "Sir Tim Berners-Lee, inventor of the World Wide Web, unveils the World Wide Web Foundation. It aims to advance One Web that is free and open, to expand its capability and robustness, and to extend its benefits to all people on the planet." The new foundation's site should have video up soon of Berners-Lee's speech at the kickoff event. The foundation hopes to raise $50M–$100M and will issue grants in Web science, technology and practice, and Web for society. Initial plans will be disclosed early next year.