ActiveLab, supported by Life Fitness and Sport England, launches its latest initiative to promote fitness tech.
The accelerator programme is designed to support innovative start-ups with the potential to transform the health industry.
ActiveLab: A Launchpad for Innovation
ActiveLab, a pioneering start-up accelerator, is set to transform the landscape of the health and fitness industry. Launched by ukactive, a not-for-profit health body, it aims to foster innovation by connecting start-ups with industry leaders. The programme’s first instalment saw twelve finalists successfully raising over £3.1 million in early-stage funding and piloting projects with major companies.
The introduction of heavyweight partners, including Life Fitness and Jonas Software, signals a global expansion for ActiveLab’s second edition. These partners, alongside Sport England, will provide international market access, bolstering the programme’s capacity to nurture innovative physical activity businesses. By collaborating with such entities, ActiveLab strengthens its potential to be a global launchpad for scalable businesses.
Technology and Physical Activity: A New Frontier
With technology breaking down traditional barriers to physical activity, a new era of innovation is dawning. ActiveLab is at the forefront, aiming to increase global engagement in exercise through pioneering technology-driven solutions.
Utilising data, social media, virtual reality, and wearable technology, ActiveLab seeks to address the physical activity crisis that costs the UK economy £20 billion annually. The accelerator is purposefully positioned to combat this issue by supporting companies that provide inventive health solutions.
Steven Ward, CEO of ukactive, highlighted the programme’s role in dissolving physical limitations through technology, creating a ‘brave new world’ of opportunities to increase activity levels worldwide.
Mentorship and Support: Building the Next Generation of Innovators
ActiveLab offers unparalleled access to a diverse panel of private investors, expert mentors, and coaches. This mentorship is pivotal in guiding young entrepreneurs through the challenges of scaling their businesses.
Jim Graham, a seasoned expert in the fitness industry and ActiveLab mentor, expressed his enthusiasm for aiding emerging entrepreneurs. Reflecting on his journey with The Gym Group, Graham is hopeful that ActiveLab will help new businesses thrive.
ActiveLab’s mentors provide tailored guidance, ensuring innovations are not only groundbreaking but also scalable and sustainable in the competitive market. The programme is a crucial stepping stone for ambitious start-ups aiming to make a significant impact in the health sector.
The Role of Strategic Partnerships
The involvement of strategic partners is central to ActiveLab’s success. Sport England’s role as a government partner illustrates the accelerator’s alignment with national health objectives.
Jason Worthy, Vice President of Life Fitness, acknowledged the significance of partnering with ActiveLab, aiming to discover innovators who can revolutionise exercise routines globally. Life Fitness, with its expansive network, offers invaluable insights into exercisers’ interactions with fitness equipment.
With Jonas Software also on board, ActiveLab gains a technological edge, enhancing its capability to support start-ups with cutting-edge resources and expertise. These partnerships are integral to the programme’s aspiration to foster revolutionary solutions in physical activity.
Opportunities for Start-Up Entrepreneurs
ActiveLab is dedicated to supporting ambitious entrepreneurs seeking to innovate within the health sector. The application process is open until December 22nd, with selected finalists announced in February 2018.
Participants will engage in networking events and workshops, gaining exposure to industry leaders and potential investors. These opportunities are designed to equip start-ups with the skills and connections needed to succeed in the dynamic health industry.
The accelerator culminates in a high-profile event in June 2018, where companies will showcase their innovations. The winning team will receive a premium toolkit of resources to fast-track their growth and market success.
Challenges and Rewards
While the accelerator presents numerous opportunities, participants face several challenges, including competitive markets and the demand for rapid innovation.
However, the potential rewards are substantial. Successful start-ups can achieve significant growth, contributing to societal health improvements and economic benefits. The accelerator’s support framework ensures that these challenges are met with comprehensive strategies for success.
A Vision for the Future of Fitness
ActiveLab is poised to become a hub for transformative health innovations. Its commitment to fostering young businesses in the sector is unwavering.
ActiveLab stands at the forefront of health innovation, driven by strategic partnerships and cutting-edge technology.
With its ongoing commitment to nurturing start-ups, ActiveLab is set to influence future fitness trends globally.