Target taps Techstars to foster retail innovation

MINNEAPOLIS — Target on Wednesday took steps to build on its innovation legacy by teaming with Techstars to create a new retail accelerator that will launch next year here. 

 

Techstars and Target will put out a call later this year to tech-based start-ups with a vision for impacting any and every aspect of retail, from supply chain to data analytics to new ways to integrate digital and in-store experiences.

 

“We know that technology will continue to revolutionize retail, and that Target’s future will be built on innovation,” Target’s chief strategy and innovation officer Casey Carl said. “That’s why we’re so excited to partner with Techstars and invite the world’s most promising start-ups to work with Target right in our backyard.”

 

Start-ups that are accepted into the program will be offered investment capital, along with mentor support from Target executives, plus access to Techstars’ network of entrepreneurs, mentors, investors and other partners.