Disney Is Launching A Startup Accelerator

The Walt Disney Company announced Wednesday it is launching a three-month Los Angeles-based accelerator in partnership with Techstars.

Ten media and entertainment startups will receive upwards of $120,000–$20,000 paid upon acceptance with an option to tap $100,000 in convertible debt note. As part of the program, Disney will provide mentors from within the company and entertainment industry. Cody Simms, who held top roles at StumbleUpon and Yahoo, will oversee the accelerator as managing director.

Layoffs in Disney’s gaming department have led some to speculate that this accelerator could help the company revamp its games unit. The accelerator will be “focusing broadly on taking high-quality startup teams focused on anything in the media/entertainment vertical, which could certainly include gaming, but we aren’t prioritizing gaming,” a TechStars representative told Fast Company. But the Disney Accelerator website makes clear it’s not interested in your scripts, screenplays, or ideas for attractions.

As for innovation within Disney itself, the entertainment company has been experimenting with intriguing prototypes that include a mobile projector that makes surfaces come to life with 3-D animation and a microphone that transmits messages through the human body.

You have reached your limit of free stories

want to read the full story?

Unlock This Story & Enjoy All Members-Only Benefits With Inc42 Plus.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?

Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Disney Is Launching A Startup Accelerator-Inc42 Media

How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Disney Is Launching A Startup Accelerator-Inc42 Media

Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Disney Is Launching A Startup Accelerator-Inc42 Media

Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Disney Is Launching A Startup Accelerator-Inc42 Media
Disney Is Launching A Startup Accelerator-Inc42 Media

You’re in Good company