The 2013 Five Minute Pitch winner, Trovare, Inc. is close to the production phase for its technology-enhanced silicone wristband that enables wearers to identify people nearby with similar interests. After an unexpected delay that required a mechanical redesign, the Cambridge-based company is back on track and has its first customers. It has also signed a licensing agreement with Fitbark, Inc., one of the most prominent startups in the wearable technology industry.
Founder Fabrizio Filippini noted that The Venture Forum win last year gave him connections to a wonderful coach, Russ Schlossbach of Pitch Contest sponsor GesmerUpdegrove, who talked him through refinements to his presentation the night before the finals. Since then, the Amico bracelet has an expanded capability, allowing members to connect earlier, before they enter a gathering place such as a club or restaurant.
“We still cannot believe that we won,” said Filippini. The first bracelets should be on customers’ wrists by mid-year, enabling them to meet new people in person, not just online.