All Stakeholders Have to Come Together to Help Sports Industry: PwC's Shivanshu Chauhan at IITM Sportstech Conclave 

India's first Sports Tech Startup Conclave, a pivotal event where industry leaders and innovators will converge to shape the future of sports technology in India, started today. It will be held on July 12th and 13th, 2024. 

The event ‘IITM Sports Tech Startup Conclave', in collaboration with Outlook Business, is being held at Stein Auditorium, India Habitat Centre, Lodhi Road, New Delhi. 

To explore and present the most recent trends, advancements, insights, and possibilities in the field of sports technology, the Conclave seeks to bring together top innovators, entrepreneurs, researchers, and stakeholders from throughout the sports industry and technology ecosystem. 

The event includes products, solutions, platforms, and applications designed to enhance athlete performance and serve general fitness and health-conscious consumers. These solutions can operate across media platforms and collaborate with sporting federations and bodies to improve on-ground experiences and fan engagement. 

Additionally, this encompasses sports science and education courses in engineering and management, along with sports coaching products, platforms, and apps. It also includes sports e-gaming, contests, interactive offerings, fantasy sports, and other innovative fan engagement platforms. Furthermore, technology-supported innovative sports products and services are part of this comprehensive offering. 

Speaking at the event, PwC's Shivanshu Chauhan at IITM Sportstech Conclave said, “All Stakeholders Have to Come Together to Help the Sports Industry.” 

India has 1,633 sports tech start-ups, as per data platform Tracxn. Some prominent sports start-ups in India include Nazara, Dream11, Playo, MPL, Hudle, Sportskeeda, and others. 

Meanwhile, IIT Madras has reportedly announced at the event that they will provide funding to select start-ups for a five-year duration. The institute mentioned that they will be supporting around 200 start-ups with an investment of up to Rs 5 crore.