You could earn $25,000 in seed capital for your media startup by participating in the We Media Pitch It Challenge at We Media Miami on Feb. 24-26. We Media will award up to $50,000 in seed funding to selected innovators during the three-day conference at the University of Miami.

We Media is looking for innovators who can bring bold commercial or nonprofit media ventures to life. Finalists will present their ideas before conference attendees and a panel of judges at the We Media Miami conference at the University of Miami. Judges will include venture capitalists, serial and social entrepreneurs.

Entries must be submitted online by Jan. 21, 2009. For more details and to enter the challenge, click here.

You don't have to enter the challenge to display your idea in the Pitch It Gallery, a demo space at the conference. However, the gallery is limited to about 30 participants on a first-come, first served basis. Click here to reserve a space in the gallery and register for the conference.

The challenge is sponsored by the Ethics & Excellence in Journalism Foundation.