SeventySix Capital founder Wayne Kimmel likes to keep his finger on the pulse of the sports tech industry by attending major sports events like the Super Bowl on Sunday and the upcoming NBA All-Star Weekend and All-Star Technology Summit in Indianapolis, writes Ryan Mulligan for Philadelphia Business Journal.
These big competitions are increasingly attracting investors and entrepreneurs interested in how sports technology can transform the way people watch and play sports.
Sports technology includes sports betting, streaming, analytics, and movement-tracking equipment.
SeventySix Capital, based King of Prussia, is a leading investor in innovative sports technology startups. Kimmel said in an interview with Philadelphia Business Journal that the whole industry is “ripe for innovation.”
“Fans want to engage more, they want to know more, they want to know more states, they want to learn more about the players, they want to learn a lot of information. But also they may want to legally wager on that game. The growth of the sports betting industry has just been phenomenal over the last five years,” he explained.
According to Kimmel, artificial intelligence is a big part of the innovation happening in the sports tech industry.
He said it can be used to enhance the fan experience and help people become better athletes.
Read more about what Wayne Kimmel has to say about the sports tech industry in the Philadelphia Business Journal.