IIT Madras Launches First-Ever Sports Tech Incubator in India

IIT Madras, a premier Indian institute of technology, is making a significant stride in bridging the gap between technology and sports. They are launching India's first-ever sports tech incubator to nurture and support promising startups in the field.

• Funding and Support: IIT Madras, through its Pravartak Technologies Foundation and Centre of Excellence in Sports Science and Analytics (CESSA), will offer funding of up to Rs 5 crore to selected startups. This includes incubation support, access to high-tech sports infrastructure, and a comprehensive startup ecosystem.

• Focus Areas: The incubator aims to support startups developing AI and IoT-based solutions across various sports tech domains, including:
• Media & Entertainment/Content/Streaming

• Fan/Player Engagement & Gamification

• Athlete Performance Measurement & Enhancement

• Sports Data Analytics & Fan Engagement

• Sports Education & Esports

• Sports Commerce & Communities
• Selection Process: Startups can submit their proposals for the first stage of selection. Shortlisted candidates will be invited to present their ideas at the "IIT Madras Sports Technology Start-up Conclave" on June 14-15, 2024. Following evaluation, the final funding amount (ranging from Rs 10 lakh to Rs 50 lakh per startup) will be determined.

• Significance: This initiative aims to foster innovation and create a robust sports tech ecosystem in India. It will enhance athlete performance, create engaging fan experiences, and contribute to the overall growth of the Indian sports industry.

IIT Madras' established track record in incubation bodes well for the success of this new venture. Their incubation cell has already nurtured 351 startups, attracting significant investments and generating substantial revenue. This new sports tech incubator has the potential to be a game-changer, propelling India towards becoming a global leader in sports technology.