The leading global network of startup acceleration programs will bring to Milan for 3 years the best international startups disrupting the fashion value chain from products to operations, marketing and sales with a special focus on sustainability.
Milan, June 3, 2019 – Startupbootcamp, one of the world’s leading startup accelerators, has chosen Italy and its fashion capital Milan, as the hub of its first “FashionTech” program.
In three years from 2019 to 2022, this initiative that has already captured the interest of prestigious brand partners will accelerate 30 innovative startups shaping the present and the future of the fashion sector, following the proven format that Startupbootcamp has been operating for 10 years all around the world.
Every year more 500 applications are expected for the FashionTech program, from which the best 10 teams will be selected after a rigorous selection process in the world tech and fashion hubs. The chosen startups will be hosted in Milan for a 13-weeks bootcamp that will grow them exponentially thanks to a broad network of corporate partners, mentors and investors.
Alceo Rapagna, Global Strategy Officer & CEO Italy of Startupbootcamp, Innoleaps, and The Talent Institute believes that “The entry of Startupbootcamp in Italy will boost the innovation ecosystem of our country, starting from the valuable fashion sector. The positive response of more than 10 primary corporate partners for our first program confirms the opportunity to match the growth needs of large companies with innovators from all over the world, and for this we will soon announce new initiatives targeting other key sectors for our economy.”
“With Startupbootcamp FashionTech, Milano will become an innovation hub for fashion inspired by a truly open innovation philosophy” added Nazzareno Mengoni, Co-Founder of Startupbootcamp in Italy, and Stefano Galassi, Program Director FashionTech. “Corporates, institutions, research centers and venture capital firms will all together cooperate to combine the excellence of Italian craftsmanship with new technologies, shaping the fashion paradigm of today and tomorrow.”
The mission of Startupbootcamp FashionTech will be to respond to the challenges of the sector, and of the program partners in particular, identifying new business models and new technologies – Artificial Intelligence, robotics, Internet of Things, blockchain, mixed reality – that can transform the entire value chain from product development to operations, marketing and sales, with a focus on sustainability.
The first corporate partners of Startupbootcamp FashionTech embrace the entire industry ecosystem from fabrics to brands, retailers, technologies, and services: Accenture, Coin, Fondazione Industrie Cotone e Lino, Gruppo Prada, PWC, Sopra Steria, Dedagroup Stealth, Stone Island, Unilever, and Withers Worldwide.
Startupbootcamp FashionTech is the first acceleration program for the fashion sector launched by Startupbootcamp. Based in Milan, the program will last for 3 years and will accelerate 30 high-potential startups from all over the world.
Founded in 2010, Startupbootcamp is one of the world largest startup accelerators focused on specific sectors – financial services, food, energy, health, media, commerce – and active with more than 20 hubs in all continents. 200 startups are selected every year from more than 20,000 applications, joining the fast-paced bootcamps working with the world largest companies in each sector and with a global network of mentors and investors. Besides the startup accelerators, the parent group of Startupbootcamp operates the corporate innovation services of Innoleaps and the talent building ones of The Talent Institute, all already active also in Italy.