#56: How Aussie sportstech is thriving in turbulent economic times, with Dr. Martin Schlegel
In the past 18 months, crypto has crashed, NFTs have gone from rare gold to rarely spoken about, inflation continues to bite hard, and recession fears loom. Despite the adversity, Australian sportstech has continued to power forward, with ASTN’s Australian Sports Innovation Report 2023, showing the industry now generates $4.25 billion annually. ASTN Chair Dr. Martin Schlegel says the tough economic times are actually driving a greater appetite for the kinds of efficiencies that sportstech companies can deliver. Today we delve deep into the undercurrents of the industry, the new areas for growth, how to survive tight capital markets, and the future of AI in sportstech.