Time Warner Cable, Hearst, HBO and Verizon Fund NYC Media Lab
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Time Warner Cable, Hearst, HBO and Verizon are helping to fund the fledgling NYC Media Lab as part of a media-industry effort to encourage and benefit from research in the same way that tech companies already do.
NYC Media Lab, which fosters alliances between corporations and data and media researchers at the city’s universities, is a collaboration among the New York City Economic Development Corp., Polytechnic Institute of New York University and Columbia University, modeled on existing media labs at MIT and Stanford. It opened its doors in 2010 with the help of a $250,000 commitment from the EDC, but in the past year has secured the four media companies’ promises to provide $50,000 a year each for three years.
As paying charter members, the companies are afforded access to the findings of research work conducted on the behalf of other participants. “We’re connecting our charter corporate members with students and faculty,” said Roger Neal, executive direct at NYC Media Lab.
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