Nuggets picked for Lafayette Plug and Play business accelerator

Nuggets picked for Lafayette Plug and Play business accelerator

UK-based e-commerce payments and ID venture, Nuggets, is to join the Lafayette Plug and Play business accelerator programme.

It is the only blockchain-based startup among the 17 companies chosen to take part in an initiative created by France’s Galeries Lafayette group in partnership with the Silicon Valley-based Plug and Play Tech Center.

Nuggets will also join the Plug and Play global community. Member companies have raised over $7 billion in funding since 2006, with success stories including Dropbox, PayPal, Lending Club, SoundHound and Zoosk.

Alastair Johnson, Founder and CEO, Nuggets, says: “We’re so excited by this opportunity and particularly proud to be the only blockchain-based member of the Lafayette programme. We have the chance to connect with so many retail leaders, make the most of a range of business development opportunities, and become a part of the most vibrant startup community in the world.”

Lafayette Plug and Play is a three-month Paris-based acceleration programme focused on the business development of startups set to disrupt the retail industry. There were 213 applicants this year. During the next three months, 17 startups will be invited to mentor sessions, networking events, and business-development matchmaking opportunities. Corporate partners involved include Carrefour and Lacoste.

Johnson comments: “When I look at the successful companies that have been involved in the global Plug and Play community, it’s hard not to feel proud about being invited to become a member. Now we have to work hard to take advantage of this opportunity.”

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