Being able to use data from Wikidata in semantic wikis would be really cool and open up a lot of possibilities.

We'd like to make this a reality and are looking both for feedback on our initial idea and for funding.

For those not familiar with Semantic MediaWiki, a very short and simplified summary: Semantic MediaWiki was created by Denny and Markus (and several contributors) and is the precursor software to Wikidata. While it was not a good fit for Wikipedia itself, it gained a lot of popularity outside of Wikimedia, and is used by many companies and organizations for managing structured data. Later on a dedicated software for the Wikipedia/Wikimedia usecase was created: Wikibase. Hence creating a connection between the two is very fitting.

Cheers