XRC Labs, a New York-based accelerator focused on shaping the next generation of entrepreneurs in the retail and consumer goods sectors, has launched the XRC Fellows Program. Twelve fellows are participating.
The XRC Fellows program is intended to foster strategic partnerships between current students and alumni from The New School’s Parsons School of Design and new and established brands with the purpose of nurturing innovative ideas. The program’s mission is to provide support to the companies, products and people who are leading the way in changing the face of retail and consumer goods fulfillment. The program will focus on stimulating “design thinking” in order to create practical solutions that will make a positive impact in these sectors. The fellows, who consist of students and alumni from Parsons, will be working with the start-ups and helping them solve problems. The program is 10 weeks and is ongoing throughout the year. Each year, they will name new fellows, who are compensated for their time in the program.
According to Pano Anthos, managing director, “With this highly selective program, we plan to remain at the forefront of change by disrupting the conventional supply chain and promoting the best experience for consumers and producers through successful collaboration among brands, students and alumni.”
XRC Labs, which launched in the summer of 2015, aims to fill the gap between consumer expectations and the shopping experiences that retailers provide. XRC’s first class of cohorts consisted of a mix of emerging companies in the retail, tech and fashion industries, including CARAA, Gleem & Co., Forrge, Findmine and Natalia Allen.
The 2016 Cohort Class is a mix of start-ups in the e-commerce, retail, design, interactive tech, 3-D printing and smart materials sectors.
XRC Labs is a joint venture between Kurt Salmon and Parsons. XRC Labs runs two 10-week programs each year, bringing together entrepreneurs, investors and sponsors to foster rapid innovation and unlock new retail opportunities. Programs are hosted at Parsons’ Fifth Avenue campus.