Disney Launches New LA Startup Accelerator

Walt Disney Company said Wednesday that it is launching a new, Los Angeles based startup accelerator, focused on startups looking to develop consumer entertainment experiences, called the Disney Accelerator. According to Disney, it will provide $120,000 in investment capital to startups to help them develp their ideas, and also provide mentoring from Disney executives. Disney is tapping the startup accelerator expertise of TechStars to operate the program. Disney has not yet set a specific location for the accelerator, but said that the program will be based in the greater Los Angeles area.