KQED, Knight Foundation and PRX launch $2.5m media incubator

by digitalmediawi 0

KQED, the John S. and James L. Knight Foundation and Public Radio Exchange (PRX) have launched Matter Ventures, a new startup accelerator aiming to provide a needed boost to fledgling media entrepreneurs.

San Francisco – A new San Francisco-based startup accelerator is aiming to provide a needed boost to fledgling media entrepreneurs. KQED, the John S. and James L. Knight Foundation and Public Radio Exchange (PRX) on Monday launched Matter Ventures, which will hold four-month programs for start-ups with early-stage prototypes, such as participatory platforms, mobile applications, B2B media services and content production engines.

KQED and Knight Foundation each have invested $1.25 million in the initial group’s $2.5 million fund.

The accelerator plans to run four class cycles over the first two years, with five companies in each. Applications are now being accepted for the inaugural class, with a deadline of Jan. 6.

Those selected with receive a $50,000 investment and space in the South Park area of San Francisco’s SoMa district. At the end of each four-month program, teams will pitch at a demo day to the Matter community and potential investors. This article was also published in Bay Area Tech Wire.

Related links:

Matter – http://www.matter.vc

Matter – application information

Photo by Flickr user TaxCredits, used under Creative Commons license

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