I'm a bit jealous because I had nearly the same idea back when I worked in public radio, but didn't have the time to implement it. Basically it was about having facts and quotes exist as embedded units within articles, all with their own individual records of verification and relationships to all the articles in which they were used. I'm really glad someone is taking a shot at this, even though I have my doubts as to whether journalists will take it seriously.
YazIAm: If you want any further inspiration, here's my old github issue where I wrote about this concept: https://github.com/SCPR/SCPRv4/issues/718
I don't know what all the criteria are, but you should consider applying for a Knight Foundation grant: https://knightfoundation.org/apply/