Colab Platforms Limited (formerly known as Colab Cloud Platforms Limited) announced a major development, launching a ₹250 million Sports-Tech Growth Accelerator Program aimed at transforming India’s sports innovation landscape. As of 1:33 PM, the share price of Colab Platforms hit the upper circuit on the BSE.
The newly introduced Accelerator, housed under Colab’s Sports Innovation Division, is designed to empower startups, foster technological breakthroughs, and shape the future of sports performance, engagement, and fitness in India.
Read More: What is the Upper and Lower Circuit?.
More than just funding, Colab’s Accelerator Program promises a comprehensive support system for early-stage sports-tech ventures. Selected startups will gain:
Moreover, participants will have the opportunity to pilot their innovations within Colab’s broad ecosystem, which spans sports leagues, professional teams, events, and commerce platforms.
Colab’s Accelerator is geared towards scouting and scaling startups operating in multiple impact-driven sectors, including:
This approach highlights Colab’s ambition to serve not just elite athletes but also everyday sports enthusiasts and emerging talent.
To strengthen its impact, Colab will collaborate with academic institutions, research centres, and national sports federations. These partnerships will enable co-branded innovation programmes, sandbox trials, and university-linked startup pipelines, fostering real-world testing, market validation, and intellectual property co-development.
Such a partnership model is expected to accelerate the growth of sports-tech startups, positioning them for faster scaling and broader market penetration.
India’s sports-tech sector is witnessing rapid expansion, fuelled by a younger demographic, increased investment, and initiatives such as Khelo India and Startup India. Colab’s ₹250 million commitment represents both a commercial opportunity and a national pledge to contribute to this dynamic growth.
“With this accelerator programme, we’re not just funding ideas—we’re building an innovation engine for the future of sports,” said Puneet Singh, Managing Director of Colab Platforms Limited.
Colab Platforms Limited operates at the intersection of sports, technology, commerce, and media. The company’s diverse initiatives include managing sports leagues, professional teams, and athletes, launching fan engagement platforms, and building integrated sports commerce ecosystems, laying the foundation for India’s next-generation sports economy.
The launch of Colab Platforms’ ₹250 million Sports-Tech Accelerator marks a significant stride towards innovation in India’s sports ecosystem. With its share price hitting the upper circuit, the initiative has clearly resonated with investor optimism.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 28, 2025, 3:21 PM IST
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