by Sarah Perez
On Wednesday, startup incubator DreamIt Ventures is graduating fourteen new companies from its Philly 2011 class. It’s the fourth program from DreamIt in Philadelphia, and the fifth graduating class for the accelerator overall. DreamIt expanded to New York this year, too). This year’s group is notable for featuring several minority-led startups thanks to a collaboration with Comcast Ventures, the venture capital affiliate of Comcast Corporation, as part of its Minority Entrepreneur Accelerator Program (MEAP).
MEAP is the first initiative from the $20 million fund created by Comcast as a part of the acquisition of NBC Universal. The fund will also be used to invest in other minority-led startups and initiatives outside of DreamIt in the future. With Comcast’s participation, DreamIt’s budget for this group was increased by $350,000.
