Comcast Interactive To Fund Minority Businesses

Comcast Interactive Capital, the venture capital arm of the nation's largest cable operator, said that it will provide seed funding for five minority businesses through a partnership with DreamIt Ventures.

The partnership, called the Minority Entrepreneur Accelerator Program, is Comcast Interactive Capital's first investment initiative from the $20 million fund created by the cable giant as part of its NBC Universal joint venture and committed to expanding opportunities for minority entrepreneurs. Comcast Interactive Capital and DreamIt are now accepting applications and will select five minority-led startups to participate in DreamIt's three-month accelerator program taking place in Philadelphia this fall. The deadline for applications is July 8 and the program will commence on Sept. 9.