Photo Illustration by Chesnot/Getty Images

Snap is launching a creative incubator called "Yellow," for entrepreneurs "who are looking to build the next generation of great media companies."

Why it matters: The effort falls in line with Snapchat's corporate mission and PR mantra to empower users to be creative.

How it works: Snap will choose a small group of individuals and teams from around the world to join its inaugural three-month program.

  • Snap will provide creators the tools needed to grow a business from the ground up, "through funding, mentorship, introductions to industry veterans" and workspace in its headquarters in Venice, California. It also said it would offer the opportunity for distribution on Snap's platform.
  • According to a Snap spokesperson, the company plans to give out a seed investment of $150,000.
  • It is especially excited about candidates who focus projects on augmented reality, Interactive storytelling and narrative storytelling.

Snapchat says Yellow was created from its own experience building its content platform, Discover, and working with different creative partners on innovative mobile-first, vertical content.

Go deeper

Trump, McConnell to move fast to replace Ginsburg

Photo: Alex Wong/Getty Images

President Trump will move within days to nominate his third Supreme Court justice in just three-plus short years — and shape the court for literally decades to come, top Republican sources tell Axios.

Driving the news: Senate Majority Leader Mitch McConnell and Senate Republicans are ready to move to confirm Trump's nominee before Election Day, just 46 days away, setting up one of the most consequential periods of our lifetimes, the sources say.

What they're saying: Ruth Bader Ginsburg was a "tireless and resolute champion of justice"

Ruth Bader Ginsburg speaking in February. Photo: Sarah Silbiger/Getty Images

Democratic and Republican lawmakers along with other leading figures paid tribute to Supreme Court Justice Ruth Bader Ginsburg, who died on Friday night at age 87.

What they're saying: “Our Nation has lost a jurist of historic stature," Chief Justice John Roberts said. "We at the Supreme Court have lost a cherished colleague. Today we mourn, but with confidence that future generations will remember Ruth Bader Ginsburg as we knew her — a tireless and resolute champion of justice.”

Supreme Court Justice Ruth Bader Ginsburg dies at 87

Ruth Bader Ginsburg. Photo: Tom Brenner/Getty Images

Justice Ruth Bader Ginsburg has died of metastatic pancreatic cancer at age 87, the Supreme Court announced Friday evening.

The big picture: Ginsburg had suffered from serious health issues over the past few years. Her death sets up a fight over filling a Supreme Court seat with less than 50 days until the election.