US-based technology media company The Information has launched an accelerator that will focus on news-based entrepreneurs and early-stage journalism initiatives.
The teams will work with the company at its The Information Boot Camp in San Francisco. The Information will provide $25,000 for each participant in return for “some very small financial participation,” and will advertise their ventures to its existing subscriber base.
Jessica Lessin, founder and CEO of The Information, said: “News entrepreneurs need mentors who understand their business. Tech startup seed programs encourage startups to pursue growth over revenue.
“Existing grant-making programs don’t set companies up to be sustainable for the long run. We have been passionate advocates about the idea that news startups need to follow a different model. We want to put our money where our mouth is.”