SeedStart Media 2011, a New York City-based summer program for innovative startup companies in digital content, e-commerce, ad infrastructure and mobile technology, has launched today.
The program, which is is supported by NY Tech Meetup, Silicon Valley Bank, New York University and law and accounting firms, provides up to ten promising entrepreneurs with funding and a network of mentors, investors, and industry experts to advise them.
Startups will be invited to New York City in order to participate in the 12 week program, starting in mid June. Each team will receive $20,000 to support the development and launch of their company. Through a program of lectures, coaching and networking events, entrepreneurs will interact with representatives of traditional media companies, digital media companies, e-commerce companies, experienced venture capitalists and entrepreneurs.
The program will close with an “Investor Day”, in which each company will present to a group of venture capitalists, angel investors, and potential customers and partners. Venture capital firms providing funding and mentorship for SeedStart Media 2011 include Contour Venture Partners, Comcast Interactive Capital/Genacast Ventures, NYC Seed, Polaris Venture Partners and RRE Ventures.
Participating in the program are also some large media, advertising and technology companies including AOL Ventures, Comcast, Hearst, MTV Networks, News Corporation, Time Warner, Vivendi and others, which will be announced shortly.
Finalist will be selected by the end of March. The program will begin in early June in New York City and close with presentations to investors in September.