Market Overview

Comcast NBCUniversal Announces LIFT Labs for Entrepreneurs to Help Launch Next Generation of Startups


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

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.

"Techstars helps entrepreneurs succeed. Together with Comcast
NBCUniversal, we believe we can be a catalyst for groundbreaking new
technologies," said David Brown, co-founder and co-CEO of Techstars. "We
are impressed by the 360-degree approach Comcast is taking to work with
startups and are also excited to bring our global expertise in startup
acceleration to Philadelphia, an innovation city we've been watching
closely for some time."

Another important component of LIFT Labs will be the entrepreneurs'
resource center that will provide resources for startups at all stages.
Resources will include mentorship from Comcast NBCUniversal innovators
and third-party partners. LIFT Labs will complement many partners'
existing startup education and resources available at the national and
local level.

Comcast NBCUniversal has a long history of supporting startups and
helping them grow. LIFT Labs for Entrepreneurs builds on many Comcast
NBCUniversal initiatives, including:

  • Comcast Interactive Capital launched in 1999 in Philadelphia as the
    company's venture capital fund to seek, acquire, and manage
    investments associated with the internet.
  • In 2011, Comcast announced that it combined Comcast Interactive
    Capital, the venture capital affiliate of the company, with the
    Peacock Equity Fund, formerly the venture capital affiliate of
    NBCUniversal and General Electric, into a newly combined fund called
    Comcast Ventures. Comcast Ventures invests in seed through late stage
    businesses that represent the next generation of technologies that
    will change the way people live, work and interact. Initial
    investments by Comcast Ventures typically range from $2 million to $15
    million, and it has grown to nearly 100 companies in its portfolio. As
    part of Comcast Ventures, the Catalyst Fund was established, an early
    stage investor in minority-led tech companies.
  • In 2016, Comcast NBCUniversal launched the Tomorrow Tour, a multi-city
    event series that convenes entrepreneurs and technology and innovation
    influencers for a day of knowledge-sharing to help cities better
    articulate their innovation stories. Research from this tour was used
    in the creation of LIFT Labs for Entrepreneurs programs.
  • Comcast was the first National Corporate Sponsor of Bunker Labs, an
    innovation accelerator for military-led businesses. The company is
    also the Founding Sponsor of Philadelphia's Bunker Labs location.
  • Comcast NBCUniversal also supports local and national partner
    programs, such as Startup Grind, Dreamers // Doers, university
    innovation partnerships, city tech weeks, among others.

For more information on LIFT Labs for Entrepreneurs and Comcast
NBCUniversal's entrepreneurial programs, visit

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA)
is a global media and technology company with two primary businesses,
Comcast Cable and NBCUniversal. Comcast Cable is one of the nation's
largest video, high-speed internet and phone providers to residential
customers under the XFINITY brand and also provides these services to
businesses. NBCUniversal operates news, entertainment and sports cable
networks, the NBC and Telemundo broadcast networks, television
production operations, television station groups, Universal Pictures and
Universal Parks and Resorts. Visit for
more information.

About Techstars:

Techstars is a worldwide network that helps entrepreneurs succeed. With
dozens of mentorship-driven accelerator programs and thousands of
startup programs worldwide, Techstars exists to support the world's most
promising entrepreneurs throughout their lifelong journey, from
inspiration to IPO. Techstars provides access to tens of thousands of
community leaders, founders, mentors, investors, and corporate partners,
allowing entrepreneurs to accelerate the pace of innovation and Do More
Faster™. Techstars supports every stage of the entrepreneurial journey –
from early stage grassroots community development to more formal
opportunities that provide education, experience, acceleration, funding,
and beyond.

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