HeroDevs Unveils $20 Million Fund to Fortify Open Source Software
HeroDevs Launches Groundbreaking Sustainability Initiative
In a significant move for the open source community, HeroDevs has unveiled its Open Source Sustainability Fund, a $20 million initiative aimed at preserving and enhancing the security of deprecated open source software. This fund is designed to support creators and maintainers who are committed to following best practices, particularly when it comes to managing end-of-life (EOL) software.
Sustaining the Future of Open Source
The threats posed by EOL software are rising, as organizations wrestle with the choice of moving away from outdated systems or risking exposure to vulnerabilities inherent in such software. HeroDevs' initiative is poised to tackle these challenges head-on. The Sustainability Fund is dedicated to supporting maintainers who strategically plan for EOL milestones, ensuring that the transition process is smooth and secure.
Investment in Open Source Support
HeroDevs is not new to investing in the open source community. Previously, they allocated over $4 million since 2021 to support developers and projects. With the launch of their Sustainability Fund, they aim to extend these efforts even further, enhancing capabilities and ensuring that essential technologies are not only maintained but also improved.
Bridging Gaps in Security
With the rise of artificial intelligence, the adoption of open source components in commercial products has surged. Increased usage has simultaneously elevated the risks associated with software vulnerabilities, especially in EOL versions. HeroDevs' Fund aims to reduce these risks by providing financial resources for developers dedicated to best practices in EOL management.
Community Commitment
HeroDevs has demonstrated a commitment to the open source ecosystem through previous sponsorships and donations. Their initiatives include the GitHub Secure Open Source Fund and the Open Source Pledge, affirming their role as a leader in supporting the community. This latest fund presents a continuation of their dedication to fostering a secure, vibrant environment for open source software.
Encouraging Best Practices
As organizations dive deeper into utilizing open source technologies, adopting security best practices becomes critical. EOL practices offer ways to mitigate risks associated with outdated software, and HeroDevs is on a mission to promote these practices while supporting the creators who develop the software foundations of our modern economy.
Application Process and Support
Eligible projects seeking aid from the Open Source Sustainability Fund can apply for grants ranging from $2,500 to $250,000. Successful applicants will need to prove community traction and a commitment to best practices in EOL management.
Open Applications
Applications for this fund are expected to open on a set date, and creators are encouraged to join a waitlist for updates. The fund is dedicated to empowering those who shape the future of open source, creating robust support networks for emerging software projects.
About HeroDevs
HeroDevs is a leading provider of security solutions focused on deprecated open source software. Their Never-Ending Support solutions ensure the ongoing functionality and safety of critical technologies that organizations rely on. With a diverse client base, including many Fortune 100 companies, HeroDevs is committed to technological innovation and security for all sectors, including finance and healthcare.
Their expert team continuously works to address vulnerabilities and bolster support for developers, fostering a resilient open source future. HeroDevs understands that the continued viability of open source software is essential for enterprise solutions today.
Frequently Asked Questions
What is the purpose of the Open Source Sustainability Fund?
The Fund aims to support open source creators and maintainers by providing financial resources for enhanced security and sustainability of deprecated software.
How much funding is available through the Sustainability Fund?
Grants will range from $2,500 to $250,000 for qualifying projects that demonstrate a commitment to best practices.
When will applications for the Fund open?
Applications are expected to open on a specified date, and interested creators can sign up for updates.
What are the eligibility requirements for applicants?
Applicants must demonstrate community adoption, follow security best practices in EOL management, and abide by the Fund's requirements to be considered for support.
Who can benefit from the Open Source Sustainability Fund?
Open source creators, projects, and maintainers who are dedicated to ensuring the security and viability of their software can all benefit from this initiative.
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