Turner Broadcasting, which in March launched its media incubator, called Media Camp, announced Thursday its inaugural six start-ups that it’s accepted into its 12-week accelerator program in San Francisco.
We wrote about Media Camp when it launched. At the time, David Austin, one of the directors at Media Camp, and an angel investor himself, explained that media is a “small slice of what the [current] accelerators look at.” To that end, Austin and his team felt they needed to educate the investor population by bringing the media expertise into San Francisco.
Like many other accelerator programs, start-ups will receive $20,000. The likely economic model will be that Media Camp will take a 6% to 8% equity stake, but that’s still to be determined, said Austin. Unlike other accelerators, however, Media Camp is only focused on media-related companies and providing mentorship from digital, TV and film executives. Additionally, Media Camp has put together a media-focused curriculum and opportunities to commercialize their business to Turner’s entertainment, news, sports and animation networks.
Media Camp originally sought to bring in five start-ups. But it decided to take on a sixth.
Here are the fabulous six:
Chute: Chute is a platform for media-rich applications and websites used by brands, publishers and developers. Chute makes it easy to add photo and video functionality to any application or site.
