New York Fashion Tech Lab is changing its theme for the class of 2016.The early-stage start-up accelerator, which has already had two incubator programs since its inception in 2014, will help Springboard Enterprises celebrate its 15th birthday by focusing solely on early- and growth-stage, women-led fashion technology firms to join next year’s class. Applications for the class, which it is now accepting, must have at least one woman on the management team with a significant equity stake. Firms could be involved in 3-D printing, business intelligence, fit-tech, geolocation, point of sale and stockkeeping-unit intelligence.The fashion tech accelerator is funded mostly by retailers, with some backing from Springboard Enterprises and the Partnership Fund for New York City. The venture capital funding is used primarily for back-office operations. A key aspect of the fashion tech accelerator is its mentoring component during the incubator period with sponsor firms in the fashion, retail and beauty industries.Over the past 15 years, Springboard has assisted many women-led early stage firms in a wide range of industries that include many milestones: 599 women-led portfolio companies; $6.8 billion in capital raised; 150-plus mergers and acquisitions transactions, and 11 initial public offerings.Amy Millman, Springboard’s cofounder and president, said, “The fashion tech accelerator is premised on looking at the needs of large corporations, both brands and retailers, and what’s on [their] wish list….We’re seeing in every sector, especially in fashion, that people who are coming up with the solutions needed are not necessarily from the industry [the solution is aimed at].”One area in fashion tech that Millman said continues to gain traction is the wearables market, although data and consumer behavior still have the attention of companies that are focused on omnichannel.Karen Moon, the chief executive officer and founder of market intelligence platform Trendalytics, participated in the inaugural class in 2014. Moon, who had angel investors prior to her NYFTL experience, was able to secure additional investors for a seed round through contacts in the program.Cathy Han, ceo and founder of intuitive data analytics firm 42technologies.com, was in NYFTL’s second class this year. Since she completed a fundraising round before the lab started, her experience was focused on forming new business connections with firms that she otherwise would not have had access to on her own.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim