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Shakhtar’s innovative project

7.09.2018

Shakhtar has partnered up with HYPE Sports Innovation to participate in the world's largest accelerator of sports start-ups

Shakhtar has launched the Sports Innovation (SPIN) Accelerator project. The programme was developed jointly with HYPE Sports Innovation - a platform that invests in searching sports start-ups around the world. This was announced on September 5 at the kick-off meeting organised at the Stamford Bridge Stadium in London. Joining forces with HYPE Sports Innovation allowed FC Shakhtar to become one of 10 global partners of the project.

Along with FC Shakhtar Donetsk, the SPIN Accelerator partners are FC Koln, 1907 Fenerbahce, Maccabi Haifa FC and the National Chiao Tung University in Taiwan.

“For FC Shakhtar, the participation in this project is a strategic decision. Innovative technologies in the sports area are the key driver of changes in the market. Our goal is to identify new opportunities, to support Ukrainian sports start-ups and take them to a new level. It’s also important that Ukraine will become a participant in the global ecosystem for searching and financing the sports start-ups,” pointed out Yuriy Sviridov, the FC Shakhtar Communications Director.

The four-month program is tailored for the unique needs of sports-technology start-ups. HYPE Sports Innovation aims to establish at least 25 accelerator host partners by 2021.

"I look back and remember how the SPIN Accelerator was just a vision, and today we are starting our 2nd cycle, after a successful program that exceeded all expectations. This could not happen without FC Shakhtar and the industry leaders that accompany us. We are committed to the next cycles being even more successful, in order to positively affect the technological transformation happening in the world of sports," the HYPE President and Co-Founder Amir Raveh noted.

FC Shakhtar and HYPE Sports Innovation will present the project at a joint press conference to be held in Kyiv on September 13.

Fact sheet

The first SPIN Accelerator ran simultaneously with 3 partners: University of Loughborough in London, Australia’s University of Queensland and Italian Trentino Sviluppo. Out of 33 participating startups, 12 received investments totalling $3.5m USD throughout the program. Through the network the accelerator provides, 70% of the start-ups announced collaborations with other companies and 36% acquired new clients.

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