Tuesday, January 29, 2013

The NYT launches incubator project timeSpace, targets early stage companies 'focused on the media space'

The New York Times is accepting applications from early stage companies "focused on the media space" to become part of its incubator program, timeSpace. The new initiative involves bringing in early stage companies into The New York Times headquarters to "refine and grow their businesses." The project lasts four months, and companies wishing to apply have until Tuesday, February 19th at 5pm to submit their application.

"You are an early stage company focused on the media space with a product launched," reads the timeSpace web page. "You are a small team based in New York or open to working from New York for the duration of the program. You have most likely raised at least seed stage funding. You may focus on mobile, social, video, advertising technology, analytics, e-commerce or… apply and tell us why spending four months here will be mutually beneficial."

During the program the company teams will work in the Times headquarters, meet the NYT staff and demo and work on their projects.

"We will review applications in the order in which they are submitted and contact a limited number of companies for interviews. Between three and five companies will ultimately be invited to participate. Our first batch of entrepreneurs will join us soon after, officially launching timeSpace at 620 8th Ave."

The NYT says they will not seek equity in the new companies involved in the program, though "we may become one of your customers during or after your time here. But this is not the purpose of timeSpace."