Launch of the seventh edition of Lafayette Plug and Play: 17 new startups to accelerate the retail industry’s transformation
Lafayette Plug and Play, an accelerator dedicated to retail and fashion created through a partnership between the Galeries Lafayette Group and Plug and Play Tech Center, has revealed the names of the 17 startups selected for its seventh batch.
Their areas of expertise demonstrate four current key trends: logistics, particularly through robotic solutions; connecting with millennials in emerging markets; group payment solutions; and new ways of optimising content and customer acquisition.
This seventh batch consists of ten French and seven international startups from the US, Netherlands, UK, Israel and Russia. Among them, new companies looking to raise capital and acquire new partners will follow the “Early Track” course, while the other startups will take the “Late Track” course, which will enable them to break into French and European markets, particularly through the Plug and Play Tech Center network. Each entrepreneur will benefit from a tailor-made three-month programme punctuated by regular meetings with mentors, industry experts, corporate partners and investors and ending with the Expo Day event in Paris on 28 November.
These 17 startups follow the momentum of the previous batch, which has had an extremely positive record. After 187 meetings between startups and the accelerator’s corporate partners, the programme ended with 51 advanced discussions, which had already resulted in 10 pilot programmes and contracts, three of which are currently being rolled out with the Galeries Lafayette Group.