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New pre-accelerator to kick-start sports-tech ideas in Ireland

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Launched by Resolve Partners and ArcLabs, SportX will help founders of sports-tech start-ups in the south-east of Ireland.

A new pre-accelerator programme for founders with sports and wellness start-up ideas in south-west Ireland has been launched by Resolve Partners and NDRC at ArcLabs Fund.

SportX will see founders with early-stage companies or start-up ideas meet customers, mentors and guest speakers over six days between mid-October and the end of November.

With a focus on technological innovation in the sport and wellness industries, SportX participants will be guided by industry leaders to better understand entrepreneurship in the sector and identify appropriate sources for support. Applications for the programme are open between 30 August and 1 October.

The programme will be delivered by consulting team Resolve Partners in association with ArcLabs, Waterford Institute of Technology’s fitness facility WIT Arena, and UPMC Ireland. Resolve Partners has run many pre-accelerator programmes in Ireland before and the partnership gives it access to significant resources such as the UPMC Sports Medicine Clinic at WIT Arena.

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Aisling O’Neill, manager at ArcLabs Research and Innovation Centre, said: “ArcLabs represents a unique ecosystem of entrepreneurship, bringing together world-class infrastructure, knowledge, skills and networks to assist people with interesting ideas to start and scale business opportunities and a pre-accelerator programme is the perfect place to validate those ideas and bring them to life.”

SportX is supported by NDRC at ArcLabs Fund, which has investors such as Enterprise Ireland, Bank of Ireland’s seed and early-stage equity fund, Suir Valley Ventures, South East BIC, Centrica Innovations, and the county councils of Carlow, Kilkenny, Waterford and Wexford.

Gary Leyden, director of NDRC at ArcLabs, said that the programme builds upon the successful regional accelerator scheme supported by Enterprise Ireland. He added that the goal of the programme is to find “the next generation of sports-tech entrepreneurs who can leverage the amazing enterprise and sports-related supports within the south-east of Ireland.”

Resolve Partners is an Irish entrepreneurship consulting team led by David Scanlon, Dermot Casey, Angela Duffy and Alan Costello. It has worked for five years in the start-ups sector helping founders of tech, finance, energy and medical companies with strategy and management.

Updated 6.58pm, 27 September 2021: This article was updated to clarify that the SportsX accelerator is supported by NDRC at ArcLabs Fund, which has no affiliation to the Government-backed NDRC led by Dogpatch Labs.

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NFT trader OpenSea bans insider trading after employee rakes in profit | Non-fungible tokens (NFTs)

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A non-fungible token (NFT) marketplace has introduced policies to ban insider trading, after an executive at the company was discovered to be buying artworks shortly before they were promoted on the site’s front page.

OpenSea, one of the leading sites for trading the digital assets, will now prevent team members buying or selling from featured collections and from using confidential information to trade NFTs. Neither practice was previously banned.

“Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly,” said Devin Finzer, the co-founder and chief executive of the site.

“This is incredibly disappointing. We want to be clear that this behaviour does not represent our values as a team. We are taking this very seriously and are conducting an immediate and thorough third-party review of this incident so that we have a full understanding of the facts and additional steps we need to take.”

NFTs are digital assets whose ownership is recorded and traced using a bitcoin-style blockchain. The NFT market boomed earlier this year as celebrities including Grimes, Andy Murray and Sir Tim Berners-Lee sold collectibles and artworks using the format. But the underlying technology has questionable utility, with some dismissing the field as a purely speculative bubble.

The insider trading came to light thanks to the public nature of the Ethereum blockchain, on which most NFT trades occur. Crypto traders noticed that an anonymous user was regularly buying items from the public marketplace shortly before they were promoted on the site’s front page, a prestigious slot that often brings significant interest from would-be buyers. The anonymous user would then sell the assets on, making vast sums in a matter of hours.

One trade, for instance, saw an artwork called Spectrum of a Ramenification Theory bought for about £600. It was then advertised on the front page and sold on for $4,000 a few hours later.

One Twitter user, ZuwuTV, linked the transactions to the public wallet of Nate Chastain, OpenSea’s head of product, demonstrating, using public records, that the profits from the trades were sent back to a wallet owned by Chastain.

While some, including ZuwuTV, described the process as “insider trading”, the loosely regulated market for NFTs has few restrictions on what participants can do. Some critics argue that even that terminology demonstrates that the sector is more about speculation than creativity.

“The fact that people are responding to this as insider trading shows that this is securities trading (or just gambling), not something designed to support artists,” said Anil Dash, the chief executive of the software company Glitch. “There are no similar public statements when artists get ripped off on the platform.

“If Etsy employees bought featured products from creators on their platform (or Patreon or Kickstarter workers backed new creators etc) that’d be great! Nobody would balk. Because they’d be supporting their goal,” Dash added.



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British home computer trailblazer dies aged 81 • The Register

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Sir Clive Sinclair died on Thursday at home in London after a long illness, his family said today. He was 81.

The British entrepreneur is perhaps best known for launching the ZX range of 8-bit microcomputers, which helped bring computing, games, and programming into UK homes in the 1980s, at least. This included the ZX80, said to be the UK’s first mass-market home computer for under £100, the ZX81, and the trusty ZX Spectrum. A whole generation grew up in Britain mastering coding on these kinds of systems in their bedrooms.

And before all that, Sir Clive founded Sinclair Radionics, which produced amplifiers, calculators, and watches, and was a forerunner to his Spectrum-making Sinclair Research. The tech pioneer, who eventually sold his computing biz to Amstrad, was knighted during his computing heyday, in 1983.

“He was a rather amazing person,” his daughter, Belinda Sinclair, 57, told The Guardian this evening. “Of course, he was so clever and he was always interested in everything. My daughter and her husband are engineers so he’d be chatting engineering with them.”

Sir Clive is survived by Belinda, his sons, Crispin and Bartholomew, aged 55 and 52 respectively, five grandchildren, and two great-grandchildren. ®

A full obit will follow on The Register.

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UN human rights chief raises concerns over AI privacy violations in report

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‘AI tech can have negative, even catastrophic, effects if they are used without sufficient regard to how they affect people’s human rights.’

The UN’s human rights chief Michelle Bachelet called for a moratorium on the sale and use of artificial intelligence technology until safeguards are put in place to prevent potential human rights violations.

Bachelet made the appeal on Wednesday (15 September) to accompany a report released by the UN’s Human Rights Office, which analysed how AI systems affect people’s right to privacy. The violation of their privacy rights had knock-on impacts on other rights such as rights to health, education and freedom of movement, the report found.

“Artificial intelligence can be a force for good, helping societies overcome some of the great challenges of our times. But AI technologies can have negative, even catastrophic, effects if they are used without sufficient regard to how they affect people’s human rights,” Bachelet said.

“Artificial intelligence now reaches into almost every corner of our physical and mental lives and even emotional states,” Bachelet added.

Japanese multinational Fujitsu caused a stir when it announced plans to implement AI facial recognition technology to monitor employees’ concentration levels during meetings.

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The report was critical of justice systems which had made wrongful arrests because of flawed facial recognition tools. It appealed to countries to ban any AI tools which did not meet international human rights standards. A 2019 study from the UK found that 81pc of suspects flagged by the facial recognition technology used by London’s Metropolitan Police force were innocent.

Earlier this year, Canada banned Clearview’s AI facial recognition technology after the company violated Canadian privacy laws by collecting facial images of Canadians without their consent.

Bachelet also highlighted the report’s concerns on the future use of data once it has been collected and stored, calling it “one of the most urgent human rights questions we face.”

The UN’s report echoes previous appeals made by European data protection regulators.

The European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) called for a ban on facial recognition in public places in June. They urged EU lawmakers to consider banning the use of such technology in public spaces, after the European Commission released its proposed regulations on the matter.

The EU’s proposed regulations did not recommend an outright ban. The commission instead emphasised the importance of creating “trustworthy AI.”

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