John Lewis' JLAB initiative returns
British bellwether department store retailer John Lewis has announced the return of its tech accelerator initiative JLAB, which was first introduced in 2014. The project is run in association with technology entrepreneur Stuart Marks’ investment fund L Marks.
Ten start-up businesses will be given funding and office space from John Lewis in order to create products and services that will shape the retail experience of the future. At the end of the programme, in October, one business will get a contract to trial their solution in John Lewis stores. It will also receive up to £100,000 in further investment.
Start-ups at any stage that have ideas for retail solutions can apply for JLAB now until May 1st.
Paul Coby, IT Director at John Lewis, said: "As an established business we have certain ways of doing things and JLAB is an opportunity to inject the start-up spirit into our innovation efforts. Our inspiration is our founder Spedan Lewis - what new things would he be doing today? After the success of last year, I’m looking forward to working with a fresh group of start-ups with exciting ideas that could help shape the customer and partner experience at John Lewis for years to come."
Copyright © 2021 FashionNetwork.com All rights reserved.