A new platform dedicated to all things sport is set to be launched with the backing of sport organisations from around the world.

Sport Exchange will cater to the needs of fans, and will include a space online to watch all varieties of sport, and a market place with more than 1,000 brands, with ticketing and VIP events up for grabs.

Eifion Weinzweig, 31, from Maesteg, came up with the concept of the site to support grassroots sports by providing a space online for them to attract a larger audience, as well as giving sports fans one place to access everything they need.

Sport Exchange is supported by AgorIP, which brings academics, clinicians and businesses together to pioneer research into cutting-edge technologies and drive commercial success with the support of Swansea University, and the European Regional Development Fund through the Welsh Government.

The organisation has partnerships with a number of sports federations, including the Royal Dutch Cycling Federation and Danish Cycling, Series B Football teams and European Ice-hockey teams.

They are also in partnership talks with the Olympic Federations in the lead up to the 2020 Olympic Games in Tokyo, and are working closely with professional football teams in Italy, the UK and Asia.

The combination of working with bodies like cycling federations, football teams and brands across the globe with allow Sport Exchange to provide unprecedented customer access into the sports we all know and love.

A three-tier subscription service ranging from bronze to gold contains a wealth of features including the ability to stream live sport, and perks such as product discounts.

The Welsh based company has also pledged to donate a portion of their revenue to develop grass roots sports and increase participation locally.

“I’m a big sports fan,” Mr Weinzweig said. “I spent a lot of time online watching sports, and wondering how we could improve things, and how we could get more people into sport.

“We work with federations around the world to provide value to their members. By working with commercialised sports in the countries we operate in, we are promoting many different sports in one place, giving some sports a far bigger outreach than usual.

“We have a growing database of subscribers from seven countries in Europe and expanding into Asia in Q2 of 2020. Some sports don’t have the database engagement that we have generated, so what we are doing bring more people into certain sports, and helps those sports attract new sponsors.

“It’s difficult at the moment to see where the sports economy is going. We know that government and lottery funding for sports federations in their respective countries is declining, so by working directly with those sport organisations, we can help out, especially with grassroots sports.

“Passionate and obsessed are two words to describe Sport Exchange’s attitude to sport, but they just don’t do it justice to how devoted we are to improving the experience of sport for the millions of fans worldwide. Sport can change live, and that is right at the heart of everything we do.

“We wouldn’t have been able to do any of this without AgorIP, because they have been able to fund the development of the platform. It is a crazy thing that we’re doing, but we know it is going to be fun.”