IAC/InterActiveCorp, parent to Ask.com and Citysearch, among others, has launched an internal incubator project to find and develop business opportunities for IAC. The as-yet-unnamed unit will be based in San Francisco, and led by Match.com CEO Jim Safka. IAC will replace Safka at Match.com with Thomas Enraght-Moony, who had been Match.com’s COO.
Yahoo recently took a similar tack when it launched “Brickhouse” late last year. That unit is led by Flickr founder Caterina Fake and serial entrepreneur Salim Ismail.