TimeSpace, the startup incubator established by US-based newspaper publisher The New York Times in March 2013, has graduated its v1 inaugural class of three start-ups and plans to make an equity investment in each of them, as well as in future start-ups when they join the incubator.
The timeSpace v1 class comprises: Delve, which “helps professionals find and share important reads with their co-workers”; Mahaya, which “creates a new way to see what happened”; and OpBandit, which “provides responsive content for online publishers and marketers.”
Geoffrey Isenman, vice president of corporate development for the Times Co, said that the amount of investment was still being debated, but that each startup would receive the same amount. Isenman described the purposes of the investment: “One is financial, and the second is that notion of having skin in the game, and signaling our commitment.”