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Springboard & Partnership Fund launch NY Fashion Tech Lab
02
May '14
The New York Fashion Tech Lab, produced in collaboration with the Partnership Fund for New York City, Springboard Enterprises and Founding Members Alex and Ani, ANN INC., The Estee Lauder Companies, J. Crew, Kate Spade & Company, Li & Fung, LVMH, Macy’s, Ralph Lauren Corporation, and Verizon, officially announced the inaugural class of 2014 Lab Companies. The twelve week Lab program provides early stage fashion tech companies with unprecedented access to New York’s leading fashion retailers and brands.
 
“Launching the Fashion Tech Lab in New York is an idea whose time has come,” announced Kay Koplovitz, Chairman of Springboard Enterprises. “At the same time, the start-up community is teaming with innovators and technologists eager to address the pain points of fashion and retail companies as they transition to the social and mobile communities of their customers. This is a great opportunity for entrepreneurs to iterate their products and services with the companies they expect to serve. The opportunity to unite them is priceless."
 
“New York City is the fashion capital of the world with over 800 companies calling the five boroughs home. With that density, it’s only logical to pair our retail and fashion houses with the city’s growing tech sector and help bring to market innovative products that have the ability to improve the consumer experience and modernize the fashion industry as a whole,” said Maria Gotsch, President and CEO of the Partnership Fund for New York City. “By uniting some of the country’s largest retailers together with some of New York’s hottest fashion start-ups, we will help spur growth and create jobs across the fashion and tech sectors.”
 
The Eight Lab Companies, selected for their innovative products, will work closely with the NYFT Lab’s Founding Members and have access to industry experts, investors and fashion entrepreneurs. The program, which runs from May through July, includes one-on-one meetings with resources within the Founding Member organizations, office hours with industry experts and investors, issue workshops and residency at the AlleyNYC co-working space. The program culminates in July with a Demo Day presentation by all Lab Companies to an audience of industry executives, the fashion community, investors and the press.
 

The New York Fashion Tech Lab


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