Comcast Ventures renewed its investment in startup accelerator DreamIt Ventures' minority-focused entrepreneur program in Philadelphia and New York, DreamIt Access, reports TechCrunch.
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.
Original source: Tech Crunch
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