Catalyst Entertainment Technology
Waterloo
About Catalyst Entertainment Technology
Catalyst Entertainment Technology creates micro theme parks by converting content into exciting immersive experiences. CET is the only entertainment company with the capability of delivering free-roam vehicular experiences while fully immersed in virtual worlds. Amusement parks are a $51B global market, attracting over 200M attendees in 2020. It's obvious that consumers want exciting and immersive experiences: Companies like Disney have leveraged their theme parks to build brand loyalty and franchise popularity through immersive transmedia storytelling. However, most media companies and consumer brands cannot easily convert their digital content into physical experiences: It’s expensive and hard! CET is able to partner with any content provider, converting their digital content into virtual landscapes and experiences that seamlessly integrate with our proprietary, free-roam holonomic robot (think real-life Mario Kart). Our vehicle is able to move in any direction, including accelerating while rotating, and is able to replicate motion of vehicles (car, boat, spacecraft, tank, snowmobile, etc). The vehicles have two modes, “driver” (consumer has full control) or “ride” (CET has full control), making these micro theme parks attractive for the largest range of ages/heights. With a single system and geographical footprint, guests benefit from endless immersive virtual experiences like never before. In addition, CET will be the first E-Sports enabled platform of its kind, where players in different locations can play against each other (persistent leaderboards) or play against each other in real time. We have provisional patents filed, including asynchronous starting capabilities, which maximize throughput. CET is founded by a trio of experienced entrepreneurs with demonstrated track records. The first location is slated to open Q1 2023, with plans to franchise globally through 2024.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Total funding: $1.7M
- Funding stage: Seed
- Last round: Non-Equity Assistance (May 2023)
- Website: cetechnology.ca
- Phone: [email protected]
Industries & Categories
eSports, Gaming, Media and Entertainment, Virtual Reality
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