Misfits Gaming Group (MGG) confirmed the launch of a new incubator and seed fund for esports and gaming. funded at a cost of $10 million, is targeted at helping sports and entertainment businesses seeking to take their company or concept to the next level.
According to MGG, MSF.IO will provide innovators with a route to cultivate and evolve innovations that will help develop the industry of sports and gaming. Besides investing money, it will help creators grow and develop in space by providing access to resources, skills, and contacts provided by the operational and investor community of MGG.
According to the company, the incubator is a global initiative and applicants from all over the world are welcome to apply. Successful applicants can enter the 2020 inaugural class at the company’s South Florida HQ with an optional incubation period.
“As the first esports and gaming-focused startup incubator and seed fund offering the resources of our caliber in North America, our goal is to create infrastructure for supporting and developing emerging business talent,” said Ben Spoont, CEO and Co-Founder.
“Although there’s plenty of investment at the highest levels of esports, we believe that entrepreneurs and small businesses in the space often struggle and are overlooked by mainstream opportunities for funding. To grow the industry, it is critical to support these budding entrepreneurs.
“Esports doesn’t just happen at the highest end. Innovative ideas from smaller companies challenge us all and create tools, services and structures that help our industry stay fresh and competitive. We are tired of waiting for the next big company to emerge in the esports and gaming industries and not be a part of it. We want to help invest in the kind of ideas that will move our industry forward.”
MSF.IO offers a path to success for innovative esports and gaming companies. We are launching a $10M incubator, ready to support companies looking to take their business or idea to the next level.
— Misfits Gaming (@MisfitsGG) November 22, 2019