CableLabs subsidiary UpRamp has announced a three-year agreement with Boomtown Accelerator, which nurtures selected startups through a 12-week accelerator program. The companies plan to select, accelerate and invest in early stage startups that are building products and services related to connected devices and connectivity software.
The accelerator will be located in Boulder, CO, at Boomtown's headquarters, and the program will utilize the existing Connectivity Lab sponsored by Comcast (NASDAQ:CMCSA) and Comcast Labs, the area of the company focused on developing, integrating and deploying products that change how people are entertained and informed.
Boomtown evolves its curriculum based on feedback from participating founders and mentors, and provides a business and management curriculum. Boomtown's goal is not simply to provide the shortest distance between an idea and funding, but to support entrepreneurs in building great companies.
"The convergence of broadband and mobile technology continues to accelerate, and we are in a unique position to help entrepreneurs navigate this rapidly changing landscape," said Phil McKinney, president and CEO of CableLabs. "Through UpRamp, our goal is to put our expertise to work in order to help young companies find their fit, expand their network and accelerate ideas that will have the biggest impact on the global broadband industry."
Earlier this year Boomtown launched The Farm Accelerator in Atlanta with Comcast NBCUniversal's LIFT Labs for Entrepreneurs program. Since 2014, Boomtown has invested in more than 70 companies.
UpRamp, a subsidiary of CableLabs, helps startups and emerging technology companies find product market fit within the global cable, wireless and broadband industry. It is designed to encourage a lifecycle of entrepreneurship across the industry from idea to IPO.
