Monday, May 9, 2011

Comcast Launches Minority Entrepreneur Accelerator Program

Comcast Interactive Capital, the venture capital affiliate of Comcast Corporation, one of the world's leading media, entertainment and communications companies, announced that is has partnered with DreamIt Ventures, the technology accelerator for entrepreneurs, to provide seed funding, training, mentoring and other benefits to five minority-led startups through DreamIt's accelerator program.

The partnership with DreamIt, called the Minority Entrepreneur Accelerator Program (MEAP), is Comcast Interactive Capital's first investment initiative from the $20 million fund created by Comcast as part of the NBCUniversal transaction that is committed to expanding opportunities for minority entrepreneurs.