Ten media and entertainment start-ups will soon be able to avail of Disney Accelerator, a new start-up accelerator the Walt Disney Company is launching in partnership with Techstars.
Disney Accelerator will be based in Los Angeles. The 10 participating start-ups will receive upwards of US$120,000-US$20,000 paid upon acceptance with an option to tap US$100,000 in convertible debt note, according to Fast Company.
What’s more, the accelerator will also provide the start-ups with mentors from within the Walt Disney Company and entertainment industry.
"Disney Accelerator combines the magic of the Walt Disney Company with the mentorship-driven accelerator model of Techstars to offer a unique advantage for technology start-ups in the media and entertainment space," Fast Company quotes Techstars chief technical officer David Cohen as having said.
Cody Simms, who held leadership roles at StumbleUpon and Yahoo!, will serve as managing director of Disney Accelerator.
Disney Accelerator is now accepting applications from early-stage companies with innovative consumer media and entertainment product ideas. The application deadline is 16 April.
The programme begins 30 June.