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.

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