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MAY 3, 2018<br />
Treasure socks store life-saving medications<br />
CIAMPA<br />
From page 1<br />
AMERICA’S FIRM FOR<br />
SMALL BUSINESS TAX NEEDS<br />
Peace of mind for Owners of<br />
Small Businesses<br />
Herb Harris, E.A., Owner<br />
386 Lowell Street, Peabody<br />
(978) 977-0411<br />
www.smallbizpros.com/h_harris<br />
“Treasure Socks” to solve the<br />
problem of forgetting the vital<br />
medication. The socks have<br />
sewn in pockets that are great<br />
for bringing medication on the<br />
go, perfect for busy kids who<br />
may fall victim to being forgetful<br />
every once in awhile.<br />
Ciampa may only be in<br />
middle school, but he is a forward-thinking<br />
businessman.<br />
He came up with the idea for<br />
“Treasure Socks” when he was<br />
at camp, and did not have a<br />
place to store his medication.<br />
The socks are athletic socks,<br />
and they are water resistant to<br />
keep medication safe.<br />
“I tried putting my medication<br />
in my pocket one time and that<br />
didn’t work, that’s how I originally<br />
came up with the idea.”<br />
Ciampa said. “I had nowhere to<br />
put it and I thought ‘why can’t I<br />
put this in my sock?’”<br />
Ciampa attended the<br />
Massachusetts Chapter of the<br />
Young Entrepreneurs Academy,<br />
hosted by the Peabody Area<br />
Chamber of Commerce when<br />
he was only 12-years-old. He<br />
developed his business model<br />
for “Treasure Socks,” and he<br />
still uses the one minute pitch<br />
he developed through the YEA<br />
program.<br />
“I had an idea for “Treasure<br />
Socks”, and I had thought<br />
maybe there are other ideas but<br />
once I got into the program I realized<br />
that this was the way to<br />
go,” said Ciampa.<br />
Going into the YEA program<br />
Ciampa knew he was going to<br />
run with his “Treasure Socks”<br />
idea, giving him a head start in<br />
creating the business model.<br />
Maria Terris, Program<br />
Manager for YEA and Events<br />
Manager for the Peabody Area<br />
Chamber of works with YEA<br />
participants, ages 12-18, to<br />
follow their business ambitions.<br />
She was impressed with<br />
Ciampa’s commitment to his<br />
idea.<br />
“His practice and his presentation<br />
at the investor panel<br />
helped him when he applied for<br />
MassChallenge. He was able<br />
to use his powerpoint, speech<br />
cards, business plan and all of<br />
his experience presenting in<br />
front of a large group to get him<br />
accepted into that program and<br />
to be the youngest person ever<br />
accepted into that international<br />
program,” Terris said.<br />
MassChallenge has a global<br />
network of programs in Boston,<br />
Israel, Mexico, Switzerland,<br />
Texas, and the UK. Each year,<br />
MassChallenge awards up to<br />
$2 million in equity-free cash<br />
prizes to help high-impact<br />
startups succeed.<br />
“Treasure Socks” was a<br />
MassChallenge finalist in 2017,<br />
and Ciampa was in the top five<br />
for the MassChallenge Minute<br />
to Pitch It competition. Ciampa<br />
was also a finalist for Food<br />
Allergy Research and Education<br />
Rising Young Innovator of the<br />
Year in 2017.<br />
This year he was nominated<br />
to the FARE Teen Advisory<br />
Group. Ciampa is a finalist<br />
in the New England Business<br />
Association Innovation Awards<br />
Program, which he will be attending<br />
May 10.<br />
“The YEA program really<br />
helped me and its shaped my<br />
future if I want to go into a career<br />
in business.” he said. “It<br />
really helps and I already know<br />
what it takes to start a business<br />
so if I have an idea I can start to<br />
launch that idea.”<br />
Ciampa’s business is currently<br />
a Limited Liability<br />
Company, which offers flexibility<br />
and protection. He has<br />
completed two rounds of sampling<br />
with his socks, and received<br />
a trademark approval<br />
for “Treasure Socks” in July,<br />
2017.<br />
His goals are to explore the<br />
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market for other areas of use<br />
such as a mouthguard and retainer<br />
holder. He also wants his<br />
socks to be readily available on<br />
the FARE website and to donate<br />
money to the organization.<br />
When Ciampa is not building<br />
his “Treasure Socks” empire<br />
he is a typical kid who wants<br />
to have fun. He is an athlete,<br />
playing basketball, soccer, and<br />
baseball. He is on the <strong>Lynnfield</strong><br />
Middle School Math Team, and<br />
he is on student council.<br />
Despite his success, Ciampa<br />
does not think about his business<br />
daily, giving him time to<br />
focus on his hobbies and allowing<br />
him time to enjoy his<br />
youth.<br />
“I think about “Treasure<br />
Socks” about four times out of<br />
the seven days,” Ciampa said.<br />
To find out more information<br />
about YEA Massachusetts Chapter,<br />
visit www.peabodychamber.com/<br />
YEAYoungEntrepreneursAcademy<br />
to download and application or<br />
call Maria 978-531-0384 with any<br />
questions.<br />
To find out more information<br />
about “Treasure Socks” please<br />
visit http://treasuresocks.com.<br />
Or visit their Facebook page<br />
https://www.facebook.com/<br />
TreasureSocks/.<br />
PAUL A. WACKS<br />
ENROLLED AGENT - MASTERS IN TAXATION<br />
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