8 FashionTech startup companies presented at New York Fashion Tech Lab‘s “Demo Day” at the Time Inc. recently. NYFTL was cofounded in 2014 by Springboard Enterprises and the Partnership Fund for New York City. This cohort of the accelerator’s third program worked for an intense 12 weeks, receiving mentoring and feedback from fashion companies like Macy’s and Kate Spade, meetings with experienced executives and investors and exclusive discussions and panels on the different facets of fashion technology.
According to Kay Koplovitz, the chairwoman of Springboard Enterprises, the lab was created to help fill a hole in the retail tech market. “We saw the lack of some of the incoming technology that consumers carry around in their pocket,” Koplovitz said.
Koplovitz said that this year’s class is the most diverse one yet. The business owners come from countries like South Africa, Estonia and Russia and have experience in the marketing medical, and engineering fields. The founders’ cultural backgrounds and previous career paths have helped them create technological products that are bound to impact the industry.
This year’s innovators include a designer fashion rental service, an online shopping fit guide, and wearable protective technology for women, among others.
Image credit: Fashion Business