If you’re a fashion tech startup looking to take things to the next level, you should know about (and apply to!) the New York Fashion Tech Lab. We talked with Jackie Trebilcock, NYFTL’s Managing Director, to get the scoop.
What is NYFTL, and who should apply?
The New York Fashion Tech Lab is currently seeking innovative women-led companies at the intersection of fashion, retail, and technology to participate in the New York Fashion Tech Lab 2016—a 12 week accelerator program that offers unparalleled access to and collaboration with major retail executives; in-person and virtual coaching sessions with industry experts, investors, and seasoned entrepreneurs, and a variety of presentation assessment opportunities that provides multiple layers of feedback.
Companies must have (at least) a robust beta, demonstrate a qualified and profitable market opportunity, have a track record of milestone achievement, and a credible management team with at least one technical founder or team member. To apply or learn more about who should apply, please visit our website.
Tell us about Springboard Enterprises.
Springboard Enterprises co-founded the New York Fashion Tech Lab in collaboration with the Partnership Fund for New York City, in 2014. Springboard Enterprises is the premier platform where influencers, investors, and industry experts meet to help women build great ‘big businesses starting small.’ Springboard entrepreneurs are leaders involved in commercializing new innovative technologies, business products and services. The Springboard portfolio has raised nearly $6.6 billion including 11 IPOs and legions of successful M&A transactions.
What’s new or different this time around?
For our third program we have updated our criteria and will focus on applications from Women-Led Fashion Technology Start ups. This means that there must be a female founder or co-founder or a women on the management team with significant equity, ie her shares should be comparable to the rest of the management teams shares. We are very excited about this update and how it reinforces the mission of the co-founding partner, Springboard Enterprises (sb.co) as well as helps to further the effort of an underrepresented population in the startup community
What is the process like for startups that are accepted?
The New York Fashion Tech Lab is a 12-week program, taking place March-June. Through a competitive process where the Founding Retailers, investors, Springboard Enterprises, and the Lab team members review every submission, we select eight to twelve women-led companies to enter the program, who receive:
- Mentoring and collaboration from the participating fashion retailers, VCs and the Lab’s Expert Network.
- Senior access to relevant user groups at the fashion retailers for product feedback and potential deployment of proofs-of-concept.
Each selected company will participate in:
- Meetings with senior business executives, investors, and experienced entrepreneurs.
- Workshops and panel discussions on issues relevant to fashion tech companies, such as data optimization, proofs-of-concept, technology architecture and scalability, privacy, security, and broader industry trends.
At the conclusion of the program, each of the fashion tech companies will present at a Demo Day, where fashion retail executives, investors, and press will be in attendance.
Where and when should fashion tech startup entrepreneurs go to apply?
Make sure to apply at our website by Dec 14th and should you have any questions about the process, please feel free to reach out: jackie (at) nyftl (dot) com.
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