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First batch graduates from Accelerator programme
28
Jul '17
Courtesy: Kering
Courtesy: Kering
The inaugural batch of the Plug and Play—Fashion for Good Accelerator programme has graduated. A collaboration between Fashion for Good (with C&A Foundation as founding partner), Plug and Play, and corporate partners Kering, Galeries Lafayette Group and C&A, the accelerator programme identifies innovative start-ups in sustainable fashion.

The partners aim to stimulate disruptive innovation, transform conventional production processes, and thus, enable the widespread adoption of sustainable and circular practices across the textile industry.

Over the past twelve weeks, the inaugural batch of start-ups was housed at Fashion for Good’s hub in Amsterdam, where they followed a robust curriculum including mentorship and training by Kering and C&A senior management, deal flow sessions with potential strategic partners and links to investors. Through this holistic programme, the accelerator aims to ensure that the innovators’ solutions are market-ready.

In addition, select start-ups are eligible to receive $25,000 to $75,000 in funding to support the scale-up of their sustainable innovations. Marking their graduation, the first batch of start-ups presented their developed business models to an audience of investors and corporate partners at a Demo Day event held in Amsterdam last week.

Following the successful inaugural edition, a second batch of start-ups will join the Plug and Play—Fashion for Good accelerator in September, 2017. From over 200 applicants and a shortlist of nineteen, ten start-ups from around the world – representing varied fields and backgrounds – have been awarded a place in the accelerator: Carcel, Circular Systems, Colorifix, Ecofoot, Eon ID, LiteHide by LeatherTeq, Nature Coatings, Norman Hangers, Spindye, and A Transparent Company. The accelerator’s partners will work with these start-ups to improve the textile industry’s approach to water use, energy use, waste, chemical use and labour practices, for this, the accelerator’s second twelve-week programme. (GK)

Fibre2Fashion News Desk – India


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