In April, Channel 4's director of new media and technology, Jon Gisby, told Media Week the broadcaster was on track to launch the new fund - which aims to invest in digital content projects - in the first week of July, with several projects in the pipeline.
But with the July date having now passed, Channel 4 has admitted that the fund will not now launch until September.
Speaking to the Scottish Broadcasting Commission, Channel 4 director of nations and regions Stuart Cosgrove said: "We are looking to officially launch in September.By then, hopefully, the contracts will all be in place."
A Channel 4 spokesman said: "It is such a huge project, it is taking longer than expected."
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