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Thursday, October 6, 2022

Grant Opportunities: Up to $250K in Investment Funding for an Enterprise-ready Startup. Are you the one?

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Deadline: Ongoing Opportunity

Comcast NBCUniversal has launched the LIFToff CareTech Challenge for Enterprise-ready startups from around the world with demonstrated product-market fit and a desire to make technology more inclusive.

LIFToff is a program developed by Comcast NBCUniversal’s Startup Engagement team. Based on industry best practices and team learnings, they developed an open innovation process flow that identifies opportunities for partnerships and commercial agreements between Comcast NBCUniversal and startups on the eve of large-scale commercialization. Tpartner with enterprise-ready startups to test new products, technologies and processes that solve business challenges and meet customer needs.

Specific areas of focus include care coordination solutions, family communication portals, smart scheduling platforms, tech-enabled services that bridge the trust gap or offer advocacy and support to caregivers or those in need of care .

The team will be involved in every aspect of the program, and will collaborate with internal and external partners where applicable, including:

  • startup scouting
  • Application review and vetting
  • Business validation and due diligence
  • Storytelling/marketing
  • Facilitation of demos
  • Proof of concept/pilot facilitation
  • Hand off / pilot completion
Benefits

This is an opportunity for an accelerated proof of concept and the potential to secure a paid pilot and/or commercial agreement with Comcast NBCUniversal. Selected program participants may be eligible for the following awards and benefits:

  • Partnership and/or commercial agreement from Comcast NBCUniversal LIFT Labs
  • Access to Comcast NBCUniversal’s expertise, testing environments, and data sets to further develop your offering.

Selected participants in this LIFToff CareTech Challenge may be eligible for:

  • Up to $250K in investment funding via SAFE (Simple Agreement for Future Equity)
  • Potential paid pilot deal with Comcast NBCUniversal
  • Access to the Comcast NBCUniversal business leader network, including mentorship and connections to business units, where relevant
Eligibility Criteria

In order to be eligible to apply to the Program, your company must:

  • be a corporation (not an LLC, partnership, sole proprietorship, or other form of legal entity) incorporated in one of the states of the United States, unless otherwise agreed in advance in writing by Comcast;
  • be an early to mid-stage technology startup in the caregiving industry (CareTech) with at least a minimum viable product in beta testing or live in market;
  • be focused on addressing the challenges of the care economy; and
  • be willing to provide additional information about You and Your business as requested by Comcast, and to sign additional agreements as requested by Comcast, including to accept an investment by Comcast or one of its affiliates if You are selected for an investment under the Program.
Criteria

They will evaluate the strength of the applicants based on the following criteria:

  • Leadership Team: Has unique expertise on the business challenge presented
  • Technology Differentiators: Tech should meet requirements for privacy and security/data segregation; tech is ready for production scale implementation
  • Enterprise Experience: Company has executed projects or POCs with Global 2000 companies; implemented on production data; has ability to support an enterprise customer, ideally at scale
  • Product Maturity: Company’s product is beyond prototype mode and is production-ready
  • Investment and Funding: Funded by reputable VCs and/or VCs with sufficient funding and a series indicating sufficient market validation

For more information, visit https://lift.comcast.com/liftoff/liftoff-caretech-challenge/

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