Farfetch searches for tech start-ups for third Dream Assembly accelerator

Farfetch has opened applications for its Dream Assembly 3 start-up incubator.

The seven-week start-up accelerator programme will run from October to December 2019 and will see selected companies work from the retailer’s Lisbon office, with the chance to also travel to London and Porto.

Farfetch is looking for start-ups with solutions in the fashion and retail space to apply before 25 August. Selected companies will be provided with a programme of mentorship, networking and support from the fashion retailer. The programme will also feature a demo day in London where the start-ups will pitch to an external investors for follow-up funding, as well as a selection of luxury brands and industry experts.

Start-ups must have a viable product or prototype, or be able to demonstrate revenue or adoption of their service to take part. Click here for more information.

Farfetch CEO, José Neves, said on 28 February that his company, which floated on the New York Stock Exchange last September, is well positioned to capture “the lion’s share” of the growing online luxury market over the coming years. His confidence was underlined by the retailer’s reported gross merchandise value of $1.4 billion in 2018. Indeed, the last year has seen a host of luxury brands, ranging from Burberry to Harrods partner with the fashtech giant to use the online marketplace’s infrastructure to help them reach new international markets.

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