The Orlando Magic, in partnership with the DeVos family and LEAD Venture Corporation, announced the Orlando Magic Venture Challenge, Powered by LEAD. This exclusive pitch event offers up to $750,000 in total investment capital to early-stage startups in sports, health, and wellness.
Applications open January 6 at OrlandoMagicVenture.com, targeting global startups in late pre-seed or post-product stages. Up to six companies will be selected to pitch their ideas in a “Shark Tank”-style setting on March 26 at the Kia Center. Individual funding will range from $50,000 to $200,000, with potential mentorship, advisory support, and commercial arrangements with the Magic.
This initiative aligns with the Magic’s ongoing commitment to innovation, demonstrated through their adoption of cutting-edge technologies and creation of the NBA’s first design thinking-based innovation lab. In partnership with LEAD ONE, a pre-seed investment vehicle, the Magic aim to drive advancements in performance, fan engagement, and basketball growth.
For details, visit OrlandoMagicVenture.com.
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