Home Blog Page 33

Magic esports squad cements deal with Misfits Gaming

Magic Gaming has entered into a deal with Misfits Gaming Group. (Photo courtesy of Magic Gaming)

You might see more esports-specific branding at Amway Center when the NBA returns to normal.

The Orlando Magic last month expanded its partnership with the Boca Raton-based Misfits Gaming Group.

That group owns several esports teams, including the Florida Mayhem in the Overwatch League and Florida Mutineers in the Call of Duty League.

The deal centers mostly around marketing as the pact allows the Magic to include Misfits Gaming Group in deals that could help both organizations.

Misfits Gaming also announced a similar deal with the Miami Heat.

Esports has become a large part of professional sports leagues’ promotional push. The NBA and Major League Soccer starting leagues that revolve around video games.

The league hosted one of its major events in Orlando last year.

The Orlando Magic and Miami Heat have been part of the NBA 2K League since its inaugural season.

The Magic will integrate more deeply into Overwatch League, Call of Duty League, League of Legends European Championship and Fortnite.

The deal represents the first of its kind for an NBA team.

“As we work towards being esports leaders in the state of Florida, we will join forces to assist esports brands in targeting new revenue opportunities and strategic partnerships in the market,” said J.T. McWalters, the Magic’s VP of partnership activation and strategy, in a release.

Magic Gaming finished the 2020 regular season at 7-9.

The squad will compete in the NBA 2K League’s THE TICKET tournament this weekend.

A spot in the postseason will be on the line.

Elevator Pitch: PaperStac is like an ‘eBay of mortgage notes’

The mortgage note tech company PaperStac, one of the darlings in their industry, has its headquarters in downtown Orlando.

The downtown Orlando-based startup PaperStac has been building a strong business around mortgage note transactions.

While building, the company has often found itself a huge audience at conferences.

To do that, the company has to have its elevator pitch down. We’ll have more on the company this week but check out the elevator pitch below.

Talon Simulations CEO jams his way through coronavirus pandemic

Talon Simulations CEO Brandon Naids had music to fall back on during the slowdown his company experienced because of the coronavirus pandemic.

Talon Simulations CEO Brandon Naids plucks his Fender, carefully sequencing notes, as he performs original instrumental music.

The 29-year-old entrepreneur sits in the den of his Altamonte Springs home.

On the other side of a webcam: students.

Naids has returned to a decades-old passion, which he uses to pursue alternate income as the coronavirus pandemic continues to stress businesses in Central Florida.

The head of Talon, which builds mechanized chairs that bring virtual reality to life for consumers and other markets, has been strumming guitars since they were bigger than him.

“I picked it up when I realized I wasn’t good at sports,” said Naids, who started playing at 12 years old. “It was my after-school activity.”

Now, it represents a lifeline at a time that has seen many businesses seek alternate revenue streams. The pandemic has affected Orlando companies in many ways.

For Naids and Talon, it meant losing contracts that had been ready to be signed.

Some customers could no longer afford the luxury of what Talon Simulations offers.

Naids reached out to other local businesses, which created something of a local support system for entrepreneurs.

“We went into scramble mode,” Naids said. “We were unsure what we were going to do.”

That meant a pivot, with Naids’ 5-year-old business now more-heavily targeting the defense industry, which needs simulation chairs for training devices, along with luxury homes.

Loans from the federal government helped Talon withstand months without revenue, a result of the pandemic’s devastating effect on the arcade industry.

Naids’ interest in music had once seen him start a band with a few friends.

He often performed at jam sessions hosted by Barley & Vine on Washington Street.

When the bar moved those sessions online and on Facebook, Naids continues to participate.

“I love performing,” said Naids, who was in the musical “The Music Man” while in high school. “Even during a virtual performance, you get a rush.”

The performances allowed him a chance to add virtual tip jars, which led to him starting to offer online guitar lessons.

But, although he earned nominal income from the performances, playing guitar offers him more.

“In life, you need something to get your mind off things,” he said. “It’s a great feeling to disconnect sometimes.”

Entrepreneurship already comes with its ups and downs. Naids isn’t the first to call it a roller coaster.

The pandemic, however, has thrown a unique variable into the lives of those who own businesses.

Naids partially credits the Orlando community with helping him withstand the ride.

“It has been huge to fall back and relate with other entrepreneurs here,” he said. “We can bounce ideas off each other. It’s been amazing to have that support system. At the end of the day, we have all been there.”

The guitar lessons help Naids continue to build.

“When I tell my kids in 15 years what I did during the pandemic, I don’t want to tell them that I was binge watching Netflix,” he said.

Lake Nona, hospital system create cluster of high-tech medical

Medical technology could emerge as one of the region’s most important industries.

Central Florida’s hospitals and medical research operations form a powerful duo that could establish the region’s strength.

But it’s not just hospitals here.

EA’s upcoming downtown move will change business landscape

Electronic Arts’ move into Central Florida goes back to the mid-1990s. That’s when EA acquired the small studio named Tiburon.

Tiburon started as one of the key builders of specific parts of the immensely popular John Madden football series.

Today, that development remains in Maitland about 10 miles north of downtown Orlando.

Walt Disney World leads innovative tourism sector

It’s no surprise that some of the more well-funded businesses often create the most-innovative products.

That’s why the robust theme park industry in Orlando serves as a great asset when it comes to tech development.

We all know Walt Disney World and Universal Studios enjoys an outsized level of influence. But that influence comes from decades of being a large presence here.

Most major businesses today consider themselves tech companies first and the theme parks are no different.

BRIDG, time shares lead Kissimmee’s tech contributions

Kissimmee has become known as one of the biggest hotel and timeshare areas in the world.

That means several large companies create tech that affects the hotel industry.

However, Kissimmee is also home to a long-term project meant to position the region as a leader in high-tech sensors.

ERAU in Daytona Beach its own tech hub

Embry-Riddle Aeronautical University and Daytona International Speedway represent a dynamic duo in helps Daytona Beach’s tech story.

While ERAU trains the next generation of astronauts and science leaders, the Speedway has some of the more-advanced technology in sports.

That combo helps set the region off as its own mini-ecosystem.

While the Speedway shows off what is happening, ERAU shows off what is to come in the thriving space indusry.

Multiple universities, schools train next generation of tech

It’s no accident that University of Central Florida gets the bulk of the attention when it comes to tech education. It’s the second-largest school in the country.

But other institutions like Embry-Riddle, Rollins and Valencia make up what has become a deep tech education community.

They all do it in their own way, too.

UCF, 2nd-largest U.S. university, fuels tech ecosystem and its future

The University of Central Florida is the second-largest school in the country.

What does that mean?

It’s 70,000 students in town during non-pandemic school years.

It’s thousands receiving support from the school’s multiple entrepreneurial programs like Blackstone Launchpad.

That is no small thing.