KinoTek is thrilled to announce its selection into the leAD Lake Nona Sports & Health Tech Accelerator, a joint venture between leAD Sports & Health Tech Partners, a German-based tech investment fund, and the Tavistock Group, owner of the Tottenham Spurs and developer of LakeNona, an innovative, 17-square-mile living lab community in Orlando, Florida.
The Lake Nona program, the first leAD accelerator program in the US, selected six companies, including KinoTek, for its 2020/2021 cohort. The program received applications from 442 companies from 44 countries and had a highly competitive acceptance rate of 1.36%. “Lake Nona is ground zero for the future of health technology.
By partnering with leAD and Tavistock, KinoTek will have access to industry leaders whose guidance will catapult our company to the forefront of health tech innovation,” KinoTek’s CEO & Co-Founder Justin Hafner said. “Acceptance into the inaugural leAD Lake Nona program is an incredible honor. Asthe first New England company ever selected, we hope to open the door for future promising local startups and demonstrate how Maine is a force to be reckoned with in the global startup ecosystem.”
The accelerator is the brainchild of Horst Bente, grandson of Adidas founder Adi Dassler, who united leading entrepreneurs and executives around the idea of using an accelerator to specifically assist sports and health tech startups. Referring to his grandfather’s quest to be at the forefront of sports technology, Bente shared that “He was always at the cutting-edge of the technology, creating new things to change sports for the better... He would nurture every idea about sports we could come up with” Just as his grandfather was known to cultivate and introduce the latest technology in sports, so too will leAD.
In addition to providing the selected companies with a capital investment, leAD will give KinoTek access to its network of leading health tech executives and partner organizations. KinoTek will begin beta testing in the coming months and has commitments for clinical testing with a number of leAD partner organizations, including research hospitals, professional sports franchises, the United States Tennis Association and Veterans Affairs. These partnerships will place KinoTek’s software in the hands of medical and athletic experts and will greatly enhance the company’s research and product development as it prepares for its official launch in 2021. "We are really impressed by KinoTek,” said Christoph Sonnen, CEO & Co-Founder at leAD. “We believe their team — a great group of bright former collegiate athletes who have experienced the pain points they are trying to solve — has what it takes to bring their vision to life and become leaders in the health and human movement market. We are very excited to have them on board."
KinoTek plans to be on-site in Lake Nona for the six-month program where it can take full advantage of the community's booming innovation ecosystem, proximity to world-class medical and sports facilities, and exclusive Verizon 5G broadband capacity. Hafner will be working with the leAD team in Lake Nona until the program’s culmination in May, when VCs and investors from around the world gather for leAD’s acclaimed demo day.
Despite the KinoTek’s participation in leAD, the company steadfast in its commitment to keep its headquarters in Portland, Maine. “We love Maine and we don’t plan on leaving”, said KinoTek COO Joey Spitz. “We are extremely excited by the opportunities with leAD, but we won’t forget where we came from. Maine will always be KinoTek’s home.”