Sport and technology

Nba, five start-ups chosen to innovate basketball

The companies will now participate in a six-month programme and then could see the League's investment in their capital, as has happened in the past

by Monica D'Ascenzo

Los Angeles Lakers forward LeBron James (23) looks to drive around Houston Rockets forward Cam Whitmore during the second half of an NBA basketball game Monday, Jan. 29, 2024, in Houston. (AP Photo/Michael Wyke) Associated Press / LaPresse Only italy and Spain

3' min read

3' min read

The next LeBron James could be scouted by an app, scouts beware. Just as advanced sensors in trainers with insights based on artificial intelligence will teach the perfect jump shot. Sport is moving closer and closer to technological innovation to forge alliances that will bring the game to another level, and the Nba wants to lead this change. It does so through the Nba Launchpad project, which identifies and tests emerging technologies that can bring innovation to the world of basketball.

The five start-ups of 2024

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Now in its third year, the programme gives selected companies the opportunity to partner with the NBA for the next six months and have access to its resources in order to develop their innovative idea or adapt it to the world of basketball. "Nba Launchpad continues to support cutting-edge technology start-ups to stay at the forefront of basketball innovation," said Tom Ryan, NBA Vice President of Basketball Strategy, continuing, "Partnering with these talented entrepreneurs is inspiring in our approach and has the potential to revolutionise the game."

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International scouting brought to the final stage of the project 3 companies focused on improving the game and 2 others focused on enriching the fan experience. The first group includes the US-based Reboot Motion (Los Angeles), which has developed a motion analysis platform that helps large organisations excel in biomechanics on a large scale; the Danish Tonsser (Copenhagen) known to the market for its app for young football talent athletes, which allows them to monitor performance, improve skills, compare and compete with peers and access opportunities;
Canadian Plantiga (Vancouver), which develops advanced sensors inside the shoe with artificial intelligence-based insights that track load, performance and asymmetries step-by-step during training and competition. Companies focused on optimising the fan experience included the US-based TextQL (New York), which developed an artificial intelligence-based platform that helps non-technical users autonomously obtain real-time information for data-driven decisions; and the UK-based Dimension Studio (London), a real-time 3D production studio and platform for virtual worlds, virtual human figures and virtual sports.

"Partnering with Nba Launchpad companies gives us the opportunity to explore new and innovative ways to enhance the fan experience and engagement," said Jason Bieber, Nba Vice President of New Business Ventures, concluding, "This year's group of pioneering companies gives us yet another opportunity to put our fans at the centre of everything we do."

Basket, Natale in campo per l'Nba

At the conclusion of the programme, Nba Launchpad companies will present their projects to Nba executives, strategic partners and investors at a Demo Day to be held during the NBA 2K25 Summer League in Las Vegas in July.

Nba Equity

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The Nba has been investing for more than a decade now, taking over shares in companies, but only in 2022 did it organise its investments under the operating arm Nba Equity. The target is start-ups, which have already passed the initial stage, but the investment strategy is flexible to the extent that Nba with Nfl and mlb have entered into the capital of New Era, which is over 100 years old.

It was only on 18 January, for example, that an investment in Fastbreak.ai was announced, which saw the Nba join the National Hockey League (NHL), the Southeastern Conference (SEC) and Major League Pickleball in using the company's scheduling technology. The startup had just last year closed a $5.2 million round seed underwritten by Charlotte Hornets player Gordon Hayward and former National Football League (NFL) player Greg Olsen.

In December, it was the turn of investment in predictive analytics company nVenue through its venture capital vehicle, NBA Equity, in a deal with the league's head of gaming and new business ventures, Scott Kaufman-Ross.

With cash investments or by taking over shares in exchange for access to the league's platform, the Nba has over time built a portfolio that has surpassed one billion and spans a variety of sectors with applications in sports: technology, media, data analytics, apparel, fan engagement, and betting. Cb Insights has attempted to map the investments in the chart below.

Il portafoglio investimenti dell’Nba

Cb Insights

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