IFTech accepts $500,000 deal with Manjit Minhas during appearance on CBC’s Dragons’ Den
Durham Region ON, (February 21, 2017) — Michael and Brodie Stanfield, the father and son duo behind Durham Region based startup, IFTech appeared on the recent Family Episode of CBC’s Dragons’ Den on February 15th and walked out with a deal for their ARAIG gaming suit.
IFTech are leading the next generation of immersive gaming. Their first product, ARAIG (As Real As It Gets) is a high-tech, multi-sensory wearable gaming suit. Whether it is for gaming, training, virtual reality, augmented awareness or another market entirely, ARAIG delivers the most cutting-edge technology to its users.
The Stanfield’s explained that the idea for the ARAIG suit came after playing one of their favourite video games. A huge explosion happened in the game, there was so much action on the screen, but the only physical sensation they got was a slight rumble in the controller. It looked exciting, but it didn’t feel exciting. The ARAIG suit makes it feel like you are right there in the game.
It was Dragon Manjit Minhas that saw the potential and offered a $500,000 for a 25% stake in the company, which Michael and Brodie gladly accepted.
“Getting to go and pitch in front of the Dragons’ was a great opportunity and experience,” said Brodie Stanfield “Being able to receive feedback from the Dragons’ alone was a worthwhile and once in a lifetime experience. We could not be more excited about the outcome.”
Those interested in pre-ordering the ARAIG suit can do so at the following link: https://araig.com/product/araig-pre-order/
To view the full IFTech pitch to the Dragons’: http://www.cbc.ca/player/play/873050179998/
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