The CFDA, which started the Fashion Incubator program with the New York City Economic Development Corporation, decided to bring in 14 business students to work with the designers after hearing concerns from executives who mentored the first incubator class. The executives said they had to spend a lot of time talking designers through basic business operations, said Lisa Smilor, the CFDA’s deputy director of programs and operations. This year’s business-plan exercise ‘forced the designers to evaluate their place in the market, how they are going to grow their business and what they need to accomplish that growth.’
Pairing Fashion Sense With Business Sense (The Wall Street Journal)
Find out more about our programs to support fashion entrepreneurship and businesses in NYC, including the CFDA Fashion Incubator and Design Entrepreneurs NYC, our mini-MBA program for fashion designers.