Ennovate Global Innovation Hub Entain
Entain is to launch a global innovation hub, Ennovate, with a first lab to open in London. Ennovate will invest up to £100 million in innovation projects, start-up investments and collaborations with UK, European and global partners, with £40 million specifically earmarked for innovation investment in the UK.
Ennovate supports Entain’s ambition to be a global leader in interactive entertainment, providing great products and moments of excitement for customers. As media, entertainment and gaming converge, customers expect richer experiences, with greater variety of content, immersive experiences, personalisation, and social interaction which increase their enjoyment and engagement.
First technology companies working with Ennovate include Verizon, BT, and Theta Labs, all looking to develop ground-breaking experiences for customers in gaming and interactive entertainment. Not-for-profit organisations are also collaborating with Ennovate, using technology for innovations which bring societal and environmental benefit. All external partners will collaborate with Entain’s own tech team and use the Ennovate Hub to conceive, develop, experiment, and bring their innovations to life.
“We want to lead the way with new, exciting products and experiences for customers and use our cutting-edge technology to pioneer innovations in sport, gaming and interactive entertainment for the metaverse,” said Jette Nygaard-Andersen, Chief Executive of Entain.
“We also want to use our position as a global technology leader to help drive innovation more widely. Working with partners around the globe, Ennovate will demonstrate how Entain’s industry-leading technology can both revolutionise experiences for consumers and deliver real benefits to society,” she added.
Ennovate’s first dedicated innovation lab will be located in Charterhouse Square, Farringdon, at the heart of London’s entrepreneurial tech community, close to the UK headquarters of
TikTok and Snapchat. It will host members of Entain’s innovation technology team, working alongside its commercial and not-for-profit partners.
Opening this spring, the location is being fitted out with cutting-edge technology, to create a unique environment for building and trialling new entertainment experiences. These will include developing new entertainment products for the metaverse, a virtual reality space where people will be able to interact in a computer- generated environment.
The centrepiece of this and future Ennovate labs, will be an Experience Zone, enabling customers, investors, partners and employees to try out new immersive experiences in sport, gaming and interactive entertainment.
“Our goal is to bring the most exciting experiences in immersive sport, gaming and interactive entertainment to life as the metaverse takes shape,” said Sandeep Tiku, Chief Operating Officer at Entain leading its work on disruptive innovation. “Working with partners we believe we can achieve great things faster, both for customers and to apply these technologies and skills to benefit wider society.”
New consumer products and experiences to lead immersive entertainment
l Non-fungible tokens (NFTs), or unique digital
collectible assets, which Entain is developing for brands across the Group. Partypoker is to launch its first official non-fungible tokens (NFTs) shortly, powered by Theta Labs. Partypoker’s NFTs will showcase some of the most iconic video moments and tournament hands in the history of partypoker and partypoker LIVE. More detail (LINK)
l Immersive experiences in Virtual Reality (VR)
and Augmented Reality (AR) will also be shown and developed at the Ennovate Hub. These will include a pioneering VR multi-sports club experience, which the Group will launch shortly.
VR Arcades. Entain will make immersive experiences available to customers on the high street, converting two locations into new VR retail experience zones. Entain is working on innovations for VR in retail and plans to open its first VR arcades later in the year.
l
The accelerator will initially invest up to £5m on individual initiatives to develop and super- charge innovative concepts to revolutionise interactive entertainment, as well as new technologies that deliver societal benefits in line with Entain’s sustainability agenda. Ennovate is already inviting startups focused on immersive customer experiences, interactive entertainment and metaverse to become part of this accelerator programme, which will formally launch in the summer.
Technology partnerships
Entain is building relationships and partnerships with technology innovators and companies, based in the UK and around the world, through the Ennovate Hub. Initial partners include:
l Verizon is among the first major technology
companies working with Entain to build the Ennovate 5G Lab and explore the power of 5G to drive immersive experiences for customers across sport and entertainment. Additionally, the two companies are collaborating to power more immersive and connected gaming experiences in international markets, including the U.S.
l BT will partner with Ennovate to explore new
immersive products and experiences. As one of the biggest investors in the UK into technology R&D, BT will work with Ennovate to bring the power of its state of-the-art 5G connectivity, its high-speed fixed networks and explore the use of Edge computing to deliver bespoke and disruptive experiences to Entain’s customers in the UK.
l Theta Labs, which provides end-to-end
infrastructure for decentralized video and powers NFT and metaverse platforms, is working with Entain to launch a white-labelled NFT platform for customers of partypoker. Entain technologists will work with Theta Labs further to use its technology across video streaming, metaverse, games and more.
Accelerator and Incubator programmes
The Ennovate Hub will host accelerator and incubator programmes, combining disruptive innovative ideas, technology and the entrepreneurial spirit of startups with Entain’s unparalleled experience serving millions of customers globally.
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