NEW YORK--(BUSINESS WIRE)--New York Fashion Tech Lab (NYFTLab), the industry lab leader in promoting fashion, beauty and retail-tech advancement, announced the launch of its seventh cohort. The 2020 Lab Companies are comprised of eight women-led, emerging technology companies, who offer market ready solutions for some of the industry’s biggest challenges and opportunities. During the program, innovators, brands, and retailers will closely collaborate, addressing the opportunities technology presents for shaping the fashion industry’s bright future. Companies selected for the 2020 cohort are working with commercializing solution-based technology including predictive analytics, in-store consumer engagement, AI powered product personalization, advanced 3D/AR, circular economy and sustainability. Headquartered across the globe and conducting business internationally, the 2020 Lab companies include:
“The New York Fashion Tech Lab is proud to be a cornerstone in fashion tech advancement, and a source of forecasting and fostering innovation that continues to push this industry forward,” says Kay Koplovitz, Co-Founder of The NYFTLab and Springboard Enterprises. “As NYFTLab continues to help weave the fabric of fashion’s future, we credit so much of the success we’ve enjoyed since 2014 to the engagement of our partners and their commitment to collaboration and open access.”
NYFTLab, a program of Springboard Enterprises, is supported by top tier retail, brand and tech partners including returning partners LVMH, Macy’s, Kohl's, Levi Strauss and Co., Estée Lauder Companies, PVH Corp, Perry Ellis International, Accenture, Microsoft, and Avery Dennison. 2020 Lab program newcomers American Eagle Outfitters, and HSBC Group join the Lab for 2020.
“We are proud to be a partner for NYFTLab for another year,” says Jill Standish, Global Retail Leader for Accenture. “Bringing innovative solutions to our retail clients while supporting women-lead start-ups fits directly with our ambition in the market.”
Spring Place, a collaborative community of global professionals and entrepreneurs, is the home of The NYFTLab for the fourth consecutive year. The 2020 Lab program will culminate with their annual Tech Runway Demo Day on June 4th, hosted by InStyle at Meredith Corporation in New York.
About New York Fashion Tech Lab
New York Fashion Tech Lab is a community-driven, relationship building, collaboration, and business development platform. The nonprofit program was co-founded by Springboard Enterprises and key fashion retailers to support women-led companies that have developed innovations at the intersection of fashion, retail, and technology. For more information, please visit http://www.nyftlab.com/.
About Springboard Enterprises
Springboard’s mission is to accelerate the growth of entrepreneurial companies led by women through access to essential resources and a global community of experts. Springboard is the leading network of influencers, investors and innovators dedicated to building high-growth companies led by women who are transforming industries in technology and life science. Since 2000, nearly 800 Springboard portfolio companies seeking investment of financial and human capital for product development and expansion have created over $20 Billion in value, created tens of thousands new jobs and generated billions in annual revenues. With 190 exits to strategic acquirers and 20 IPOs, Springboard entrepreneurs are transforming industries. For more information, please visit www.sb.co