ImagineAR Inc (CSE:IP) (OTCQB:IPNFF) announced Tuesday that it has been selected as one of the 40 global sports finalists for the Hype Global Virtual Accelerator 2.0 Fan Vertical Bootcamp.
The company that enables sports teams, entertainers, brands and businesses to instantly create immersive global mobile phone AR campaigns said this year's FAN Vertical Bootcamp is focused on over 32 Sports clubs, Leagues, Federations, and Broadcasters -- including the St. Louis Blues, PGA tour, Philadelphia Phillies, Deutscher Fußball-Bund, and Star Sports.
ImagineAR said that, according to HYPE Sports Innovation President Amir Raveh, 1,444 global sports startups applied to participate in the Hype Global Virtual Accelerator 2.0 and only 40 were selected to participate in the bootcamp.
FAN is one of seven verticals in the Hype Global Virtual Accelerator which commenced this week. The 40 innovative global companies, including ImagineAR, were invited to the bootcamp where they will spend 1.5 hours with each of the partners discussing their challenges and pain points.
ImagineAR said that this March, startups will pitch to each FAN partner who ultimately selects approximately five companies each to move to the business development round. The series consists of 1-1 sessions over an 8-12 week timeframe, all leading up to awarded contracts to be announced by June 2021.
Additionally, ImagineAR said it has been selected to participate in the Winter Sports and Motor Sports vertical bootcamps.
"For ImagineAR to be selected as a finalist from over 1,400 global sports startups validates our best of breed augmented reality platform for sports fan engagement and activation,” said ImagineAR CEO Alen Paul Silverrstieen in a statement. “The Hype Global Virtual Accelerator is highly respected by sports and broadcasting organizations and should increase our expansion in the sports marketplace."
Japanese language website launch
In other company news, ImagineAR said it has launched its Japanese language website, ImagineAR-JP.com, to commence marketing and sales in Japan.
Masa Ishimitsu, based in Japan, is spearheading the company's activities in conjunction with recently announced marketing partner Blue United Corporation, the company said.
Ishimitsu has over 35 years of experience in international business including developing and managing business for multinational companies as CFO and CEO in Japan. Blue United clients include Kashima Antlers, Matsumoto Yamaga, Yanmar, Under Armour, Omiya Ardija and the Pacific League Marketing (holding that represents the commercial interests of six teams of the Japanese Baseball League) and Sevilla FC, among others.
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