A Fairytale For Entrepreneurs

disney logoSeth Fiegerman at Mashable just reported this fairytale for entrepreneurs: Walt Disney announced Wednesday that it has partnered with Techstars to launch a startup accelerator program in Los Angeles that will provide early-stage startups with access to notable mentors and resources from the media conglomerate.

“It is the first time Disney has partnered with an accelerator program and we’re focused on taking high-quality teams of startups in the entertainment and media spaces,” a rep for Techstars told Mashable.

Disney Accelerator, as the program is called, will accept 10 startups, provide each with a seed investment of $120,000 and offer “mentor support” from Disney’s CEO and other executives from the company and the industry at large. Perhaps best of all, Disney says those accepted will get “access to stories, characters, technology and other resources from across The Walt Disney Company.”

Techstars has worked with a number of prominent businesses to power accelerator programs, including Microsoft, Nike and Barclays.

The Disney accelerator will be managed by Michael Abrams, Disney’s SVP of innovation, and Cody Simms, a Techstars mentor who previously worked as an executive at StumbleUpon and Yahoo.

The three-month program kicks off at the end of June and is currently accepting applications until April 16.

By Seth Fiegerman, Mashable

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