Startup accelerator DreamIt Ventures is extending its minority-focused entrepreneur program DreamIt Access, thanks to a renewed commitment from previous investor Comcast Ventures. Today, DreamIt announced that Comcast Ventures will invest in two more cycles of DreamIt Access, which will be a part of the Philly 2012 program and the NY 2013 program. Through the additional investment, DreamIt Access will launch up to 15 minority-led startups over the next 12 months.
DreamIt and Comcast Ventures, the venture capital arm of Comcast Corporation, first partnered on DreamIt Access in May 2011, announcing at the time a $350,000 fund to give five startups in the Philly 2011 program an extra infusion of capital (These included ElectNext, Kwelia, MetaLayer, ThaTrunk and Qwite, whose founders are African-American, Asian, Hispanic and Indian.) Later, the investment was formalized into a year-long minority accelerator program called DreamIt Access.
To read the full, original article click on this link: Minority-Focused Startup Incubator DreamIt Access Gets Renewed Investment, Will Continue For Two More Cycles | TechCrunch
