The Center for Advancing Retail & Technology (CART) has announced a new event that focuses on bringing relevant and transformative innovation to retail. Dubbed the Retail Innovation Pitch, the inaugural event will recognize the growth of domestic and international retail technology startups looking to make their way in the U.S. market.
The event will be held online from Sept. 12 through Sept. 15, 2016, and will give up-and-coming solution providers the opportunity to pitch retail, wholesale and brand decision-makers from companies such as Albertsons, Lowes Foods and C&S. The executives will serve as panelists and the companies will then have the opportunity to implement the innovations from the participating startups.
“Several top tier retailers and brand manufacturers have created in-house innovation labs or incubators,” said Sterling Hawkins, Operations and Venture Relations at CART in a statement. “This event is designed to act as an accelerator for the broader retail industry, especially given that retail innovation is driven by rapid adoption of consumer technology and influenced by technology giants entering the retail space.”
Solution providers are encouraged to apply online at no cost, and all applicants will go through a review process by CART. The finalists will have the opportunity to pitch their solution on a one-on-one basis with the panelists. A winner will be announced shortly after the event, and will be highlighted in CART media and pre-qualified for a potential $25,000 cash investment from CART partners and $25,000 in CART services.
CART is accepting applications from now until Sept. 1.