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Dive briefs:
- The New York Fashion Tech Lab announced this week its 10th cohort of female-led B2B startups in a 12-week program. press release. Each year, companies in the fashion and retail industries are selected by nonprofits through an application process to help develop young businesses.
- Six women-led startups collaborate NYFT Lab’, which culminated in a presentation on their technology to a prominent panel. Prior to Demo Day, each selected company will have the opportunity to meet with executives and entrepreneurs, participate in workshops, panel discussions, and more.
- This year’s array of startups includes Web3 digital fashion archive Altr and recommendation-as-a-service platform PSYKHE AI. These companies specialize in industries such as user-generated content, AI-driven chat features, price optimization, digital fashion, and personalization.
Dive Insight:
Now in its 10th year, the New York Fashion Tech Lab welcomes new retail partners including Saks, Selfridges, TJX and Wolverine World Wide.they join the company they returned to Burberry, LVMH, Levi & Strauss, Macy’s, Richmont and Vera Bradley support the program.
This year’s startup participants include Altr, Hue, PSYKHE AI, Sociate, Sparkbox, and Try Your Best. All cohort participants showcase their creations at the annual Tech Runway Demo Day. early JuneHere, company founders demonstrate their work from the program to retailers, brands, investors and the media.
Elysa Kahn, co-founder of social commerce platform Squaded, said in a press release: “This is a real step in our journey as it contributes to the market validation we always seek as a startup.”
Since 2014, NYFTLab has helped more than 75 companies, including DRESSX, Reflaunt, Trendalytics, and others, according to a press release. Program graduates continue to achieve partnerships with major retailers, capital investments, and acquisitions.
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