Disney Chooses Startups for Accelerator ProgramMonday, July 7, 2014
Walt Disney Co. said it had selected 11 companies for the first round of its tech accelerator program.
In partnership with Techstars, a Boulder, Colo., accelerator, the Disney Accelerator is a 15-week immersive program that gives companies top Disney executives as mentors, up to $120,000 in investment capital and access to Disney resources.
The selected companies represent a cross-section of technology-driven media and entertainment ventures from across the world. Among the first class are three local companies: Cogo, which is developing a video content monetization platform; Jogg, video acquisition and sharing; and Twigtale, parenting advice technology. Roughly half of the participants focus on early child development products and technology.
All members of the first class will relocate to the accelerator’s Glendale offices for the duration of the program. Any intellectual property developed during that time will be retained by the developers.
Disney unveiled plans for a new business accelerator in February, when it announced it would invest $1.2 million in early-stage entertainment and media technology.
“With Disney Accelerator we are now bringing the creativity and imagination of Disney to early stage startups in a way we have never done before,” Kevin A. Mayer, Disney’s executive vice president of corporate strategy and business development, said in a statement. “We are thrilled by the response we’ve received and the high caliber of applicants to the program and we look forward to sharing our knowledge with this excellent group of creative entrepreneurs and really making a difference with these startup companies.”