LIFT Labs Accelerator Generative AI
Generative AI technology has implications across a wide range of industries for startups and corporations alike.
In an effort to gain further insights and explore these implications and opportunities, Comcast NBCUniversal is looking to collaborate with innovative Generative AI startups leveraging this technology from around the world during the 2023 Spring LIFT Labs Accelerator Program.
With the help of the Comcast NBCUniversal network of partners and industry experts, the LIFT Labs team is excited to invite startups at a wide range of stages to apply for the six-week streamlined Accelerator program.
How can GenAI transform the day-to-day operations of employees across different departments?
- IP tracking and protection
Networks and companies are always facing vulnerabilities - how can GenAI improve resilience and prevent attacks?
- Network fault detection
- Defense against cyber attacks
- IT documentation
What tools will make it easier to reach and interact with consumers in a truly personalized manner, and what implications need to be considered?
- Personalized content
- Enhanced customer assistance
- Advertisement creation
What products for our homes and businesses and what kinds of entertainment experiences created with the help of GenAI will “wow” us tomorrow?
- Video/Avatar/Animation creation
- Smart home tools
- Parental controls
This accelerator program differs from a traditional accelerator in many ways:
- This program is not just for pre-seed companies aiming to raise a seed round. We have a track record of working with startups at different stages to deliver long-term commercial partnerships between our business and theirs.
- Issuance of equity is not required for participation.
- The accelerator program includes a shorter time commitment. (Most accelerators are 10-12 weeks; this program is six weeks).
- Each cohort will only include 6-8 companies allowing for a much more tailored, 1:1 approach, so no one-size-fits-all programming.
No equity contribution is required for this accelerator program.
No. Comcast NBCUniversal will not make any investment in the company in connection with participation in this accelerator program, but we will have a right to make investments in the company’s next financing round. Any investment decisions will be made by Comcast on a case-by-case basis.
We would prefer that founding team members participate. We understand that commitments come up, so if other senior employees outside the founding team need to fill in for a session or two, that is acceptable.
In addition to the in-person weeks, participants can expect three to five hours/week of scheduled virtual content during Weeks 2-4, in addition to discussions with Comcast NBCUniversal teams to scope out potential partnerships.
Each accelerator program will include six to eight companies.
While the goal is to achieve a pilot or proof of concept (depending on the stage and readiness of the startup), there is no guaranteed engagement at the end of the accelerator program. That said, more than 80% of participating companies to date have secured a pilot or commercial deal with Comcast NBCUniversal, or Sky. And participating companies become part of our portfolio on whose behalf we are constantly identifying new opportunities.