Funderstorm was created in March and lets young people in the area vote at live events or online for the youth initiatives they feel should receive money.
Film Skool Deluxe is the first project to receive funds through Funderstorm. It will receive £3,500 to offer a group of young people training in screenwriting and video production at Highgate's arts centre.
Funderstorm plans to distribute £400,000 between 2010 and 2011.
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