KQED, Knight Foundation Fund To Invest In Small New Media Startups

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NORTHERN CALIFORNIA PUBLIC BROADCASTING, licensee of noncommercial News-Talk KQED-F and PBS Affiliate KQED-TV/SAN FRANCISCO, has partnered with the JOHN S. AND JAMES L. KNIGHT FOUNDATION and PUBLIC RADIO EXCHANGE (PRX) to launch an incubator for new media startups.

MATTER VENTURES, starting with a $2.5 million fund, launched MONDAY and is headed by CEO COREY FORD.  The SAN FRANCISCO CHRONICLE reports that the fund will offer selected startups like mobile app companies a $50,000 investment and space in SAN FRANCISCO's SOMA neighborhood, and will ask for a percentage of equity in return.

PRX will provide strategy and management support, keeping KQED out of those decisions to allow it to cover the companies without conflict-of-interest concerns.  Initial applications are due JANUARY 6th, with more information at matter.vc.

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