IAC, a leading Internet company, and New York University (NYU) are launching a new IAC Teaching and Research Fellowship Fund in partnership with NYU’s Tisch School of the Arts. IAC is providing $250,000 to support graduate fellowships for students from the School’s Interactive Telecommunications Program (ITP), a graduate education program in interactive media.

Four IAC Fellows, selected based on academic and entrepreneurial excellence, innovative research, and their potential to make an impact on the future of the interactive media space, have been awarded a one year fellowship to develop new technologies and research while providing faculty and student support within ITP’s classrooms. Their mentors include executives from  Vimeo and IAC’s Hatch Labs, an innovation incubator devoted to improving wireless technology.

“Partnering with IAC in creating a Research Fellowship for recent graduates follows the example of many entrepreneurial ITP alumni, most notably Foursquare co-founder Dennis Crowley who spent a year after graduating incubating his ideas around locative media,” said ITP Founding Chair Red Burns. “Through this Fund, selected ITP students will now have a little extra time to deepen their skills and further explore their ideas in collaboration with the innovators at IAC.” Read more.