Boomtown Announces Accelerator With UpRamp
UpRamp is working with Boomtown to sponsor, select and support 20 startups in the connectivity industry
BOULDER, Colo. — May 19, 2017 — Boomtown Accelerator, which nurtures carefully selected startups through a 12-week accelerator program, has announced a three-year agreement with UpRamp, a subsidiary of CableLabs. Together, 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 at Boomtown’s headquarters, and the program will utilize the existing Connectivity Lab sponsored by Comcast and Comcast Labs, the area of the company focused on developing, integrating and deploying products that change how people are entertained and informed.
“UpRamp’s goal is to help startups find true product and market fit in order to amplify innovation and connect the startup community with the most powerful broadband network in the world,” said UpRamp Managing Director Scott Brown. “This new initiative gives entrepreneurs a well-rounded business mentorship experience with a specific emphasis on technology that targets the way people connect.”
Boomtown was selected to manage the program because of the accelerator’s unique structure and approach. The accelerator constantly evolves its curriculum based on feedback from participating founders and mentors, and provides a complete 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.”
Applications for Boomtown’s next cohort is currently open on the Boomtown website.
“This partnership gives entrepreneurs unparalleled access to manufacturers and electronics experts as well as industry experts, real-world customers and employee mentors from dozens of the leading cable and broadband operators nationwide,” said Boomtown Co-Founder and Executive Director Toby Krout.
This is the latest in a series of industry-led accelerators for Boomtown. 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.
Teams interested in joining Boomtown’s first connectivity and hardware cohort can begin the application process on the Boomtown website.
Based in Boulder, Colo., Boomtown aims to discover and support promising Healthtech, Internet, mobile, software and Internet of Things (IoT) startups. Boomtown’s goal is not simply to provide the shortest distance between an idea and funding, but instead to support entrepreneurs in building great companies. Currently in its eighth cohort, Boomtown has invested in more than 70 companies since its founding in 2014. Of those, 83 percent are in operation and 72 percent are generating revenue. For more information, visit http://www.boomtownaccelerator.com.
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. Visit http://www.upramp.com/ or email firstname.lastname@example.org for more information.