Comcast NBCUniversal announced LIFT Labs for Entrepreneurs today, a multi-city program that will focus on assisting startups with new innovations in media, entertainment and connectivity. It will be comprised of a variety of programs offered online and in person, including a startup accelerator, entrepreneurs’ resource center, and programs on how to bring their innovations to market.
LIFT stands for “Leveraging Innovation For Tomorrow” and builds on the spirit of entrepreneurship created by Comcast’s founder, Ralph Roberts, who was a pioneer in the cable industry and one of America’s great entrepreneurs. The flagship location will be called LIFT Labs PHL and will be in the new Comcast Technology Center in Philadelphia when it opens in early 2018. A second LIFT Labs for Entrepreneurs program in Atlanta will launch in 2018 with additional details, including its accelerator partner, to be announced soon.
“Comcast was a startup more than 50 years ago in the Philadelphia region, and we understand the importance of entrepreneurialism to help drive growth, innovation, and the economy,” said Sam Schwartz, Chief Business Development Officer, Comcast Cable. “We are excited to work alongside and learn from some of the best entrepreneurs while offering access to our experienced innovators to help them grow their businesses and take them to the next level.”
The creation of LIFT Labs for Entrepreneurs was inspired by extensive input from over 1,500 entrepreneurs across the U.S. and abroad. One of the key elements of LIFT Labs PHL will be an accelerator powered by Techstars, a worldwide entrepreneur network that supports entrepreneurs through access to mentorship and capital. Techstars accelerator companies have raised $3 billion with a portfolio market cap of $7.8 billion.
This will be Techstars’ first accelerator in Philadelphia. The accelerator details and applications will be made available January 8, 2018, and startups from around the globe are encouraged to apply by April 8, 2018.