New technology from startup ventures is transforming the global sports industry. This Startup Series has introduced over 300 startup companies in the sports technology space to a broader audience by allowing Founders of promising new ventures to tell their story and pitch their idea. Feel free to submit your startup’s answers to the below questions or contact us if you know of a startup that should be considered for inclusion in this series.
This series is supported by Stadia Ventures. If you are a sports technology startup looking for strategic investors, we recommend checking out their upcoming accelerator programs.
Company name: Torq Labs
Founder(s): Julian Holtzman, Justin Swenson, Josh Thiermann, James Urban, Alex Brill, John O'Connell
Headquarters: Madison, WI
Website: https://www.torqlabs.com
1. What is your elevator pitch?
Torq Labs makes connected smart leggings for athlete safety and performance improvement.2. Problem & Solution
Problem: There is no easy to use solution to tell you when you’re moving improperly. Nothing to tell you when you have overdone something. Nothing to show you how your lower body form is breaking down as you progress through a workout without lots of wires outside of a clinical environment. No wireless solution for athletes outside the laboratory.Solution: Connected clothing for athlete safety and performance improvement.
3. Market – your target market and the overall market
TAM: Professional Sports - 308 Teams in USA – 5000 AthletesSAM: Professional Baseball - 1200 MLB Athletes
4. Business Model – how do you make money?
B2B Sales & partnershipsB2C Sales
5. Management Team – with titles
Julian Holtzman - CEOJustin Swenson - COO
6. Financial Needs: are you currently looking for investment? Have you raised investment already? If so, who are your investors?
We are looking to raise a seed round of $500,000.Won grant funds to get going.