CIT launches wearable technology development initiative
The initiative aims to develop wearable technology that can be utilized in first response situations by personnel to enhance their performance and provide information that can boost safety in an emergency situation. They chose two business accelerators, Tech Wildcatters from Dallas and TechNexus from Chicago, to attract entrepreneurs for this development venture.
CIT is honored to partner with DHS S&T to use new methods and ideas that deliver innovative solutions to help them meet their security mission," Pete Jobse, CIT's president and CEO, said. "This program will bring the best innovations into government, while helping emerging startups find new markets to sell products.”
Tech Wildcatters offers a mentorship program that focuses on technological companies shown to have high potential for growth; they recently partnered with Wearable World, a company pursuing wearable technology.
TechNexus is a collaborative venture that aims to connect entrepreneurs with large corporate entities looking to delve into new ventures.
The program is open to U.S. startups that are looking for mentorship for innovative growth in the wearable technology market.