Home / Knowledge / News / Textiles / Fabric of Change initiative announces €250000 scaling fund
Fabric of Change initiative announces €250000 scaling fund
27
May '17
Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh
Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh
The announcement was made at the end of a flurry of events related to sustainability in the textiles-apparel industry that were held in Bangalore over the week.

By Subir Ghosh

The Fabric of Change initiative of Ashoka and the C&A Foundation is set for a scale-up with the two organisations launching a new €250,000 Scaling Impact Fund as part of their joint venture supporting social innovation in the apparel industry. The announcement came in the run-up to the Fabric of Change Globalizer Summit organised in Bengaluru on Friday.

"The awards will focus on the newly crafted strategies and the way forward rather than past achievements. This is an exploratory process that will lead to new lessons and insights about successfully implementing scaling strategies and facing inevitable barriers in doing so," the organisations said at the launch.

The summit was co-organised with leading global management consulting firm AT Kearney, and was marked the end of a flurry of events over the week in the city that focused on sustainability in the global textile and apparel industries. The two high-profile events held earlier were the annual convention of the Sustainable Apparel Coalition and MCL News & Media’s Planet Textiles 2017. 

The prizes that will be available to participating Ashoka Fellows include the Impact Award for €100,000, the Gender Justice Award for €30,000, two Peer Awards for €25,000 each, and seven Strategy Spark Awards for €10,000 each. These awards will focus on the newly crafted strategies and the way forward rather than past achievements.

Nadine Freeman, co-director of Ashoka’s Globalizer Programme, explained the context: “Once a clear and robust scaling strategy is defined, one of the biggest remaining barriers is typically funding or investment to support strategy roll-out. Social entrepreneurs sometimes struggle to make the first steps towards implementation and find investors for system-level strategies which may delay their plans or force them to re-prioritise their programmes.”

The head of gender and justice at C&A Foundation, Brandee Butler, continued: “C&A Foundation is deeply inspired by the creativity, ingenuity and tenacity of these Fellows. Through the Fabric of Change partnership, and the Globalizer Programme, C&A Foundation is proud to support their work and to enable access to the expertise, networks and resources they need to refine and scale their innovations.”

Among those who spoke at the event was Neelesh Hundekari, partner and head, lifestyle and specialty retail for APAC at AT Kearney. Hundekari set the context by looking at the global textile value chain which stands at $1.9 trillion at the retail consumption level, with apparel accounting for close to 80 per cent of the market.

Hundekari highlighted a number of trends shaping the industry including emergence of fast fashion driving apparel as a disposable item; increasing consumer concern with health, well-being fuelling growth of sportswear and fitnesswear; rising preference for eco-friendly and sustainable products; and an emerging trend for personalised/customised products, among others. He said the impact of these trends is being increasingly felt across the value chain.

The event included a marathon "breakout" session where participants looked at barriers to a sustainable apparel chain, and then identified the reasons leading to these barriers, and finally worked out design solutions to the problems. This was in tune with the initiative's vision of a fair and sustainable apparel industry in which all stakeholders are empowered to ensure that people and planet are respected. The underlying factor for all solutions was social innovation.

The Fabric of Change initiative is a three-year programme that focuses on: a deep dive research into the roadblocks to industry-wide change; crowdsourcing new solutions to industry challenges; selecting and supporting leading social innovators; accelerating the adoption of their solutions; and, spotting and sharing key insights emerging from these social innovators.

Fibre2Fashion News Desk – India


Interviews View All

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Fiorella Cattelan,

Fiorella Cattelan

With flexibility and versatility, Dettin strives to meet the specific...

John Elmuccio,

John Elmuccio

Evolution St Louis is a company setting up a high-tech knitting facility...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search