Verizon Ventures and R/GA partner to launch a digital media ‘venture studio’

Verizon Ventures and R/GA are declaring another program called the Verizon Media Tech Venture Studio.

Stephen Plumlee, R/GA's worldwide COO and overseeing accomplice of R/GA Ventures, clarified that the intuitive office's "wander studios" began like other startup quickening agent programs, yet they've extended to give access to "money related capital, inventive capital and customer relationship capital." as it were, new businesses don't simply get subsidizing and guidance — they additionally chip away at items and organizations with R/GA's imaginative staff and customers.

For this situation, the Media Tech Venture Studio is a 14-week program for up to 10 organizations, which will get $100,000 in financing each and work out of Verizon's new "open development" space in New York City. The organization says it's searching for new businesses in zones like substance creation and personalization, virtual reality and increased reality, counterfeit consciousness, content conveyance, intuitive publicizing and e-sports.

"The thought is for Verizon to truly get out there and see what's happening in the market," said Paul Heitlinger of Verizon Ventures. "What's truly convincing for the organizations who take part is, they get the chance to work specifically with Verizon's specialty units. … They access our advances, our systems, all in the background stuff."

In the meantime, Heitlinger said taking an interest in the program "doesn't mean you need to work only with Verizon."

With respect to whether these new companies are then teed up for extra subsidizing from Verizon Ventures, he stated, "We wouldn't state no, we wouldn't state yes. … If we feel that there's a specific organization that is appropriate or very much adjusted to Verizon's business, much the same as whatever other startup we would contribute."

Verizon has been attempting to move further into computerized media, with activities like its go90 versatile video application, also its procurement of AOL.