Seven invited finalists
IBM named LivXP the winner of its Sports Tech Startup Prize Challenge at Web Summit Lisbon on November 12. Seven startups took part in the invitation-only final.
IBM describes LivXP as a fan-commerce platform for auctions, experiences and sponsor activations. The announcement does not provide an independent performance benchmark.
Project support and credits have conditions
The prize includes up to US$100,000 to support an eligible proof-of-concept project with IBM's Sports and Entertainment Partnership Team, subject to separate review and agreement requirements.
It also includes up to US$20,000 in IBM service and technology credits, plus mentorship and evaluation opportunities. These benefits are not an immediate, unrestricted US$120,000 cash award.
Earlier showcases did not secure entry
The wider initiative began at Web Summit Lisbon in 2025. IBM says participation in earlier showcases did not confer eligibility, priority or advancement in this week's Prize Challenge.
