Retail real estate company Simon has unveiled Simon Launch — a new competition to discover, invest in and accelerate startups within the retail industry. Simon will invest in competition winners through its new venture capital arm, called Simon Venture Group. The contest was established in partnership with Plug and Play, a global investor firm specializing in tech startups.
“New technologies and the growth of omnichannel retailing are creating exciting opportunities for innovation,” said J. Skyler Fernandes, Managing Director of Simon Venture Group. “It is important for us to identify and work with companies that will help drive the evolution of the retail industry.”