US-based publisher New York Times has started a media incubator.
TimeSpace will host up to five start-ups in the publisher’s New York City office.
The Times also will potentially fund the incubees after they raise money from other sources.
Its existing corporate venturing portfolio holds: Adtivity by Appssavvy, Automattic, Betaworks, Betaworks, Federated Media Publishing (FMP) and Keep Holdings and a commitment to venture capital firm True Ventures.
On the other side of the US in San Francisco, accelerator Matter Ventures has taken in its first class of six media start-ups.
Matter, which launched in December, has invested $50,000 in each start-up and is guiding them through a four-month mentorship programme.
The companies are:
StationCreator: an online broadcast television station;
SpokenLayer: a web text to narrated audio service;
Zeega: a cloud-based media service’
ChannelMeter: a video analytics platform;
OpenWatch: which provides free investigative tools to journalists; and
InkFold: a mobile news start-up.