NYFT Lab Continues To Drive Innovation In The Fashion Industry

New York Fashion Tech Lab Enters Fifth Year with Women at the Forefront of Retail’s Revolution.

Just announced, New York Fashion Tech Lab (NYFT Lab), now in its 5th year, will be partnering up with nine women-led entrepreneurial companies. Their partners all have developed market solutions focused on the outcome of the customer experience that harness the power of artificial intelligence, fit tech, visual search, RFID tracking, and related technologies.

NYFT Lab
New York Fashion Tech Lab Founders: What is Fashion Tech? Image Credit: Thirdwave Fashion

“Moving into our fifth year, we’ve brought a renewed, global value to the program, providing a collaborative environment for these innovators and iconic retail and fashion brand partners – returning and new – who aim to address the industry’s most pressing issues,” said Kay Koplovitz, Co-Founder of the Lab and Chairman of Springboard Enterprises. “To better benefit our women-led companies, we’ve also increased the program’s tech prowess through the return and expansion of our technology partners, all of whom bring a unique perspective to the process of taking these emerging technologies further toward becoming mainstream.”

“To better benefit our women-led companies, we’ve also increased the program’s tech prowess through the return and expansion of our technology partners”

The 12-week program is at the forefront of retail and fashion technology innovation and integration. They will be working with Microsoft, NYFT Lab’s first formal technology partner, again. NYFT Lab is also welcoming Avery Dennison to the program as well as a new partnership with Accenture. All technology partners will work with the lab companies to enable iteration, validation, and acceleration of their technologies to advance their businesses and the industry.

“We believe organisations that embrace emerging technologies, such as AI, will have a significant advantage in delivering the next generation customer experience, which is the new battleground for competitive differentiation,” said Jill Standish, senior managing director and head of Accenture’s Retail practice. “At Accenture, we are passionate about advancing diversity in technology, and our role is to help these exciting women-led companies more rapidly pilot their solutions to drive innovation in the fashion industry.”

ALSO READ: Fashion Tech Labs, Transforming The Industry For The Better?

Their fifth class showcases a range of technologies, expressly developed by women-led companies, designed to help retailers improve the customer experience and overall business margins. With iconic fashion retailers, brands, technology partners and well-known industry experts on board, the 2018 cohort will again be in residence at Spring Place: an innovative collaborative workspace and business club launched by the team behind the renowned cultural hub and creative group Spring Studios.

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Founding editor-in-chief & WearableTechStylist of FashNerd.com, Muchaneta has worked in the fashion industry for over 14 years. She is currently one of the leading influencers speaking and writing about the merger of fashion with technology and wearable technology and a regular contributor to digital news sites like Wareable.