Comcast Corporation (NASDAQ:CMCSA) is currently stepping into the startup accelerator game and it is pulling in with a program by the name LIFT whose initials stand for “Leveraging Innovation For Tomorrow”. The top NASDAQ stock hopes to unveil the first lift labs in the early days of 2018 at the Philadelphia’s Comcast Technology Center. This will be followed by another establishment at Atlanta which is expected to also open the following year.
The accelerator, which according to expectations may be run in collaboration with Techstars is a good move. The LIFT Labs according to set plans may include an entrepreneur resource centre. As a matter of fact, this is not the first service provider to engage in the tailoring of such a program for startups. For instance, Disney did launch an accelerator and reliable sources indicate that Techstars did play quite a significant role. On the other hand, Turner went ahead to shut down in 2014 its Media Camp.
One of the spokespersons for Comcast asserted that LIFT was indeed as a result of the close collaboration between NBCUniversal and Comcast Cable .Lift is set to target start ups in connectivity, media and entertainment.
Sam Schwartz, Comcast Cable’s chief business development officer added to say that Comcast some 50 years back was a startup in the region of Philadelphia. He insisted on how much the company understood the great need for dynamism in entrepreneurship which of course was a major driving force for innovation, growth and for the economy as well.
Schwartz illustrated the company’s commitment to and dedication to work hand in hand with some of the leading entrepreneurs and get to exchange ideas that will help it revamp its business. The company looked forward into the kind of future that would have it offer unlimited access to entrepreneurs to get business assistance from its experienced innovators to help them grow their business as well as move to the pinnacle in terms of business success.
The company has been operating for quite a long period of time, something that has served it with a wealth of experience which is important towards propelling business to the highest levels of success.