Startup Program at Foundry

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  • Duration: 6 Months
  • Campuses: Paris
  • Next intakes: February, September
  • Format: Full-time & Part-time
  • Program fee: Full-time format - €600 per startup per month, with 5% equity of each launched business. Part-time format - €395 per startup per month, with 5% equity of each launched business.
  • Limited to: 15 individuals (full-time) and 30 individuals (part-time)

Phase 1: Discovery & Definition

Months 1 -3 focus on identifying industry issues, market gaps, real customer pain points and the potential solutions. There is a huge emphasis on completing field research as quickly and efficiently as possible in order to find the minimum viable category (MVC) and the potential business opportunity.

Workshops include:

  • Product Discovery: fashion markets and the industry
  • Design Thinking methodology
  • Finding the value proposition
  • Problem definition and statement creation
  • Business model canvas
  • Product / business road-mapping
  • Lean and agile methodologies
  • The fashion consumer: collating and analyzing feedback
  • Commercial strategy

Phase 2: Deliver & Develop

Months 4 - 6 focus on the initial product release for initial customer feedback and (non)validation to find the best product-market-fit. There is a huge emphasis on working in sprints, working through systematic iterations to eventually reach an MVP ready to deploy for gauge traction. By the end of month 6, startups are expected to have a prototype that is ready for market launch and showcasing at the Demo Day.

Workshops include:

  • Financial strategy
  • Fashion Branding and PR
  • Marcomms strategy - talking to the fashion consumer
  • Creating an investor/client ready pitch deck
  • Financing a fashion tech startup
  • Market launch
  • Fashion Supply Chain: Finding the right supplier and how to work with them.
  • How to create a fashion tech product.
  • Intellectual Property for the fashion entrepreneur.

Demo Day

Held inside Foundry, startups that have successfully been able to create a working prototype ready for market launch will be invited to showcase their solution at a 1-day Demo Day. Here, it will be a celebration of achievements so far, but also a chance to network and collate further feedback from industry professionals (and even sell to them). There will also be the opportunity to pitch their solutions to Foundry’s investor network with the goal of securing seed funding.

Mentoring

Startups will be paired with mentors from relevant sectors, disciplines and expertise to help and guide them through the process. This will be from the Foundry fashion tech ecosystem including partners and the IFA Paris network.

Program Delivery

Full-time program follows 2 workshop days per month, 1 weekly 1-2-1 meeting with the program team.
Part-time program follows 1 workshop day per month, 1 monthly 1-2-1 meeting with the program team.

Both programs receive:

  • Specialist workshops
  • 1-2-1 meetings with dedicated program staff
  • 1-2-1 meetings with assigned mentor(s)
  • Community gatherings (lab breakfasts / Friday drinks, etc.)
  • Networking events

Checkpoints

Each startup will be given negotiated key milestones to hit throughout their 6-month journey, which they will have accountability to their assigned program lead. If the startup wishes to participate in the demo day, they must hit these milestones.

Program Package - Full-Time

  • Fixed Desk inside Foundry.
  • 8 hours/month meeting room access free.
  • Priority access to the makerspace. 10 hours/month usage free.
  • High-speed WIFI
  • Free Credits for demo room booking .
  • Complimentary Refreshments.
  • Access to community & fashion industry.
  • Access to Foundry & IFA Paris events.
  • Premium startup perks with community partners
  • Access to printers
  • 20% Discount on selected IFA Paris courses
  • Private locker included
  • All utilities and daily cleaning included
  • discounted business support services e.g. legal, PR, finance at discounted rates
  • Access to industry resources free of charge e.g. WGSN / Qualtrics
  • Access to the latest fashion tech equipment.

Program Package Part-Time

  • Hot desk space in community spaces (collaboration space etc.)
  • 4 hours/month meeting room access free
  • Priority access to the makerspace. 5 hours/month usage free
  • High-speed WIFI
  • Access to demo room at extra cost
  • Complimentary Refreshments
  • Access to community & fashion industry
  • Access to Foundry & IFA Paris events
  • Premium startup perks
  • Access to printers
  • 20% Discount on selected IFA Paris courses
  • Private Locker rentable
  • All utilities and daily cleaning included
  • Access to startup resources e.g. legal, PR, finance at extra cost
  • Access to industry resources free of charge e.g. WGSN / Qualtric
  • Access to the latest fashion tech equipment

Program Package - Full-time €600/month per Startup

  • Fixed Desk inside Foundry.
  • 8 hours/month meeting room access free.
  • Priority access to the makerspace. 10 hours/month usage free.
  • High-speed WIFI
  • Use of demo room 2h/month.
  • Complimentary Refreshments.
  • Access to community & fashion industry.
  • Access to Foundry & IFA Paris events.
  • Premium startup perks with community partners
  • Access to printers
  • 20% Discount on selected IFA Paris courses
  • Private locker included
  • All utilities and daily cleaning included
  • Access to startup resources e.g. legal, PR, finance at extra cost
  • Access to industry resources free of charge e.g. WGSN / Qualtrics
  • Access to the latest fashion tech equipment.

Program Package - Part-time €395/month per Startup

  • Hot desk space in community spaces (collaboration space etc.)
  • 4 hours/month meeting room access free
  • Priority access to the makerspace. 5 hours/month usage free
  • High-speed WIFI
  • Access to demo room at extra cost
  • Complimentary Refreshments
  • Access to community & fashion industry
  • Access to Foundry & IFA Paris events
  • Premium startup perks
  • Access to printers
  • 20% Discount on selected IFA Paris courses
  • Private Locker rentable
  • All utilities and daily cleaning included
  • Access to startup resources e.g. legal, PR, finance at extra cost
  • Access to industry resources free of charge e.g. WGSN / Qualtric
  • Access to the latest fashion tech equipment