CINCINNATI, April 26, 2013 /PRNewswire/ -- The E.W. Scripps Company (NYSE: SSP) and the Scripps Howard Foundation are investing in their deeply rooted mission to provide journalism that's relevant for each emerging generation through a new partnership with the nationally ranked Cincinnati startup accelerator The Brandery.
The partnership will support two entrepreneurs developing a startup technology company focused on some aspect of the media business.
The entrepreneurs will participate in Class 4 of The Brandery, which operates a four-month program that provides $20,000 in seed money along with mentoring, design, operations and development assistance to turn new ideas into successful start-up companies and prepare them for investment.
The Scripps Howard Foundation is funding two fellowships for the founders of a media-related company who participate in this year's Brandery class. E.W. Scripps' digital marketing and product development team will enrich the Brandery experience by working with the entrepreneurs on their approach and technology."Scripps is making an investment in the future of journalism with a fresh approach to news gathering and new products for news consumption," said Adam Symson, chief digital officer for Scripps and a Foundation trustee. "This partnership with The Brandery is a great way for the Foundation to engage the broader entrepreneurial community in creating media-related businesses." The Foundation's financial support includes a $3,500 stipend for each of two founders of the company to cover their living expenses while they spend the summer in Southwest Ohio, developing their businesses and networking with consumer-oriented businesses. The funds will supplement the Brandery's $20,000. The Brandery is accepting applications specifically for this fellowship. Applicants should be technology-based, early-stage startup companies or entrepreneurs with ideas focused on the media industry. Targeted categories can include news-gathering and other reporting technologies, new approaches to consumer engagement, and advertiser- or sales-oriented, technology-based products.