Target has been a retail innovator for more than 50 years—remember, Target was Tar-zhay long before “fast fashion” was even a thing!

Now, Target is taking steps to build on that innovation legacy by teaming up with Techstars, one of the world’s best-known startup accelerators, to create a new retail accelerator that will launch next year in Minneapolis. Techstars and Target will put out a call later this year to tech-based startups with a vision for impacting 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,” says Casey Carl, Target’s chief strategy and innovation officer. “That’s why we’re so excited to partner with Techstars and invite the world’s most promising startups to work with Target right in our backyard.”

Startups that are accepted into the program will be offered investment capital, along with mentor support from Target executives, plus access to Techstars’ network of successful entrepreneurs, mentors, investors and other partners. Stay tuned for more details!

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