The two will join forces to steer and create a world-leading knowledge hub to support the emergence of “Luxury Tech”.
Peter Zemsky, INSEAD Deputy Dean, Dean of Innovation and Professor of Strategy, comments that, “We are pleased to offer INSEAD participants and alumni access to the outstanding LUXURY TECH FUND ecosystem through this new partnership. Both organisations are aligned to support the new generation of entrepreneurs worldwide in this fast-growing sector”.
Taking advantage of its international deal-flow, LUXURY TECH FUND is focused on funding the most innovative, cutting edge and promising ventures in the Luxury Tech universe (tech-enablers, new business models and innovative brands in the fashion, luxury, beauty, lifestyle and retail segments), as well as ventures that will foster disruptive thinking and innovation and durably impact traditional industries.
As a Venture Capital Partner of INSEAD’s Luxury Initiative, LUXURY TECH FUND will provide access to the Luxury Tech startup ecosystem and contribute to support and accompany venture initiatives born in the INSEAD network.
Céline Lippi, Co-Founder and Managing Partner of Luxury Tech Fund, states that, “The luxury industry has been struggling to evolve with the advent of digitalization and technology. Global economy uncertainties have led to a need for new business models reinvention as a lever for growth & sustainability. A new wave of visionary founders driven by innovation, creativity, excellence, a will of creating a lasting impact for the next generation of consumers to lay dawn the foundations of an increasingly strong start-up ecosystem that will shape the industry. Our partnership with INSEAD will reinforce those foundations for future international outreach around the Luxury Tech directly linked to the Luxury industry.”
The partnership will help the two firms pioneer innovative research and pedagogical initiatives in this area. Both INSEAD’s strong alumni network and broader community and LUXURY TECH FUND’s deep operational expertise will create a knowledge powerhouse and pave the road for entrepreneurs, academics and other actors contributing to this ecosystem.
The two will launch an Inaugural publication of a Luxury Tech Barometer, White Paper publications and cases, collaboration for the INSEAD RCLG (Retail, Consumer and Luxury Goods) Forum and project work with INSEAD MBA participants to support start-ups under LUXURY TECH FUND͛s portfolio.