
An international accelerator to foster digital and technology innovation in Fashion, Luxury and Retail industry
Summary The Fashion Technology Accelerator (FTA) is an international hub that fosters digital and technology innovation in Fashion, Luxury and Retail industry. The accelerator enterprise has three divisions, one in Silicon Valley, Seoul, and Milan, and it is exclusively dedicated to help and promote start-ups at the intersection of technology and fashion. The way FTA […]
The Fashion Technology Accelerator (FTA) is an international hub that fosters digital and technology innovation in Fashion, Luxury and Retail industry.
The accelerator enterprise has three divisions, one in Silicon Valley, Seoul, and Milan, and it is exclusively dedicated to help and promote start-ups at the intersection of technology and fashion. The way FTA helps entrepreneurs accelerate the growth of their business is by facilitating access to fashion and retail brands, advisers, business partners, investors, professional services, ad agencies and portfolio companies.
More specifically, FTA is focused on fashion tech companies that are acquiring customers and want to generate more revenue. For companies with revenues but a shallow client base, the core FTA team help on fine tuning the offerings and positioning the company to raise capital and make deals. While FTA offers a co-working environment in its three locations, FTA portfolio companies need not be in residence, as also companies that work in their own space are accepted.
The operating status of this organization is "Active". The industry of this organization is "Fashion, Retail Technology, Venture Capital". The investment type of this organization is "Accelerator".
The first FTA office was opened in 2012, in Redwood City, in the heart of Silicon Valley. It was founded by a group of fashion and technology entrepreneurs with 25 years of experience in the industry.
In 2013, after a year of rapid growth, they decided to expand globally, setting up two additional offices, in Milan and Seoul respectively.
Later on, there was another milestone in 2018, when they were selected by Hatcher + as their global partner to invest in fashion technology startups.
Despite their main office being headquartered in Redwood City, California, The Fashion Technology Accelerator currently has two other divisions in different parts of the world: Milan and Seoul.
In Milan, they collaborate closely with FTA Seoul that provides expertise in accessing emerging markets. Being highly industry-specific and having an international reach, they can provide the best acceleration consulting for fashion tech startups, assisting their clients in all aspects of achieving growth and valorization of their companies.
FTA Seoul is another sub-division of the Fashion Technology Accelerator. It works hand-to-hand with Milan to help and promote fashion start-ups to reach their goals. It is the first global accelerator in Korea. FT selects and fosters the best Korean startups poised to lead the charge in the exploding Fashion Tech sector.
The acceleration program for startups is a six-month process, but not only, it is a strategic partnership with a network of like-minded advisors and business people. It grants the access to an extended expertise in fashion technology. The FTA invest 100K€ in exchange for 10% of the company’s equity. (40K € cash + 60K € services).
Additionally, the program offers the following:
https://www.ftaccelerator.it/services/acceleration-program/
https://www.f6s.com/fashiontechnologyaccelerator2018
https://www.crunchbase.com/organization/fashion-technology-accelerator#section-overview
http://ftaccelerator.kr/program/
