Co-founder/CEO: Nick Phillips Co-founder/CFO: Joseph Felix
Quotable: “The MiPOV Technologies Team is composed of five University of Kentucky graduates with diverse backgrounds spanning from business to mechanical engineering. Relocating to San Diego in mid-August will allow our startup to get a foot in the door and position ourselves where we aren’t just another tech company.” – Nick Phillips
Notable trend: Forbes recently estimated that 123 million wearable devices will be purchased in 2016, generating $14 billion in total revenue. This figure is projected to increase with a Compound Annual Growth Rate (CAGR) of 32%, reaching 411 million devices and $34.2 billion in total revenue by 2020. In addition, it is forecast that worldwide social media use will increase to 2.2 billion by 2018.