If you have an idea for a startup in New York City, this might just be the summer for you to get that idea off the ground. There is no shortage of startup accelerators, incubators, and other venture programs to help get you started—from TechStars NYC and HackNY to DreamIt and FinTech for financial startups. And there is also NYC SeedStart, which is now taking applications for digital media startups.
NYC SeedStart is a 12-week summer program “focusing on advertising infrastructure, e-commerce, digital content, and mobile technology.” Ten startups will be selected to join the program, which includes $20,000, office space, and mentoring from corporate partners including Time Warner, News Corp, Google, Hearst, The New York Times, MTV Networks, GiltCity, and AOL Ventures.
In return, NYC SeedStart gets a 5 percent equity stake in the startups. NYC SeedStart is a consortium of five different venture funds: Contour Venture Partners, Comcast Interactive Capital/Genacast Ventures, NYC Seed, Polaris Venture Partners, and RRE Ventures.
NYC Seed is a New York City-based seed venture capital firm. It is a partnership between ITAC, New York City Investment Fund, The New York State Foundation for Science, Technology and Innovation, New York City Economic Development Corporation and PolyTechnic University. It will provide up to $200,000 of investment to start-ups in New York. It has currently over $2,000,000 in funds. NYC Seed was announced by Mayor Bloomberg on June 2, 2008.
Since its founding in 1994, RRE Ventures has been dedicated to helping talented management teams build industry-leading companies. Today we manage $850 million in assets dedicated to investing in private information technology companies. We focus on rapidly growing markets in the software, communications, and financial services industries. We back entrepreneurs and management teams that possess the industry knowledge, vision, and discipline to create market-dominating companies. Our team brings a unique combination of management, operations, and investment expertise, as well...
Polaris Venture Partners was founded in 1996, and in its 10+ years of existence has made investments in successful companies like Akamai, Allaire, Alnylam, Automattic, JibJab, LogMeIn, PowerSoft, QuantCast, Sirtris, and SolidWorks. The company’s portfolio extends beyond digital media investments through its stakes in life sciences and enterprise software concerns and other industries.
Comcast Ventures ( http://www.comcastventures.com ) is the private venture capital affiliate of Comcast Corporation. It consists of the recently combined Comcast Interactive Capital and NBCUniversal Peacock Equity Fund. Comcast Ventures invests in innovative businesses that represent the next generation of entertainment, communications and digital technology by partnering with entrepreneurs who have the vision, passion and tenacity to succeed. Its primary goal is to generate superior financial returns through the success of its portfolio companies by applying the unique resources,...
Contour Venture Partners is an early stage venture capital firm focused on working with companies that provide products and services in the financial services, internet and business services sectors.