Nieman Foundation at Harvard
HOME
          
LATEST STORY
With a scripted daily comedy news show, Mic looks to add a little late night TV to the social video mold
ABOUT                    SUBSCRIBE
March 6, 2013, 9 a.m.
Reporting & Production
matterhq

Meet the first class: Six media startups get accelerated into Silicon Valley by Matter

Matter, formerly known as the Public Media Accelerator, aims to join “the values of public media” to “the mindsets of Silicon Valley entrepreneurship.”

matterhq

Matter, the startup accelerator focused on media entrepreneurs, just launched its first class, which includes startups focused on interactive publishing, video analytics, and audio storytelling. The six companies selected for the accelerator are spending the next four months at Matter’s development space in San Francisco, honing their products and business plans. Drumroll, please:

The collection of early-to-mid-stage startups will embark on a bootcamp that mixes the atmosphere of Silicon Valley with the mindset and goals of the world of public media — the unusual mix of styles that makes the project so compelling. Each team will receive a $50,000 investment along with coaching from people in the worlds of media and tech, culminating in a final demo day for potential investors in June.

Matter CEO Corey Ford said the selected startups share a common mission based in informing society and engaging communities. “What we wanted to do was build a disruptive playground for media entrepreneurs to build a more connected and empowered society,” he said.

Matter is backed by funding from Knight Foundation and San Francisco’ KQED, both of whom get an equity stake in successful projects. More grounded in the world of venture capital than philanthropy, Matter occupies a different corner of the continuum of journalism funding techniques; the accelerator is focused on creating what Ford calls “feasible, viable, and desirable” products.

“If we want to drive innovation, I think having viability constraints is very important,” Ford told me. The startups at Matter, Ford said, have to push beyond good ideas that can support journalism and focus on creating plans that will make them work in the open market.

It’s like a Y Combinator for people with a public media mindset, in other words. Ford described the program as a series of four one-month sprints, where the teams will be in a constant state of refining and testing their products. The point of bringing together the six companies is to create a sense of community, where the teams can collaborate and learn from each other, Ford said.

Ford’s background is an appropriate mix of public media and Silicon Valley — he’s a former Frontline producer (an Emmy- and duPont -winning one at that) who has taught design thinking at Stanford’s Institute of Design, and he helped create Runway, an incubator program for Eric Schmidt’s Innovation Endeavors. Ford said the idea of design thinking — taking a human-centered approach to developing new products and ideas — is what can connect the worlds of Silicon Valley and media.

A lot has changed since the public media accelerator was first announced in December of 2011. Originally, it was going to be located in Cambridge and be operated as a project out of the Public Radio Exchange (PRX). Jake Shapiro, CEO of PRX and a partner in Matter, said the idea shifted from being a incubator for public media into a for-profit investment firm. Initially the public media accelerator was supposed to be a way to attract the kind of coders, developers, and entrepreneurial talent that was side-stepping the world of media for the tech sector. That’s still the goal, Shapiro said, but it works hand-in-hand with creating investment-ready businesses. “It’s a key part of this — the focus on changing media for good and innovating the industry,” Shapiro said.

Finding and maintaining a balance between the worlds of media and tech will be the key for Matter. Setting up shop on the West Coast means a lot of exposure to the world of Silicon Valley. That’ll be leavened by the resources of Knight and KQED, who can provide knowledge and access to the world of media, Shapiro said.

There is a lot riding on Matter’s first class, from the startups to funders like Knight and KQED. The accelerator represents a shift in media investment for both, with Knight continuing to experiment with tools beyond traditional grantmaking, and KQED looking for potential technology to put to use in its own network.

Ford said Matter represents a new model for investing in media innovation, which means they’ll be building a future not just for the startups, but also the program itself. But he emphasized that Matter is just one part of the ecosystem for developing and supporting new technology and business models in media. “I see everything as prototypes,” Ford said. “I see this as Prototype No. 1.”

POSTED     March 6, 2013, 9 a.m.
SEE MORE ON Reporting & Production
SHARE THIS STORY
   
Show comments  
Show tags
 
Join the 15,000 who get the freshest future-of-journalism news in our daily email.
With a scripted daily comedy news show, Mic looks to add a little late night TV to the social video mold
“We don’t just present a bunch of headlines and say what we think. Our videos are chock-full of facts and research.”
Hoping to redefine “trade publication,” Digiday launches Glossy, a vertical to cover disruption in fashion
“I hate the term ‘trade publication,’ because it implies being a boring cheerleader for the industry.”
The Wall Street Journal website — paywalled from the very beginning — turns 20 years old today
“From the very beginning it was very clear we needed to cover all the same concerns and sensibilities of the print Journal even though we were online and even though we were a young staff.”
What to read next
0
tweets
How Atlas Obscura helps its web audience discover the real world
Events like its upcoming Obscura Day are meant to help the site’s digital readers discover places they previously only read about.
0Inspired by “independent YouTubers,” wary of cable, Vox.com takes its explainer mission to video
“I made one rule starting out: No desks.”
0You can now get personalized Breaking News alerts on Slack
The NBC-owned company’s new Slack bot lets you follow more than 90,000 topics.
These stories are our most popular on Twitter over the past 30 days.
See all our most recent pieces ➚
Encyclo is our encyclopedia of the future of news, chronicling the key players in journalism’s evolution.
Here are a few of the entries you’ll find in Encyclo.   Get the full Encyclo ➚
SeeClickFix
Voice Media Group
Newsweek
The Guardian
TBD
U.S. News & World Report
The UpTake
MSNBC
Reuters
SF Appeal
Charlottesville Tomorrow
MediaNews Group