PARIS — Kering, Plug and Play, and Fashion for Good on Wednesday announced the graduation of the inaugural batch of start-ups from their Plug and Play – Fashion for Good accelerator for sustainable textile innovation. They also unveiled the next round of “innovators” selected for the program’s second edition, due to take place from September to December.
The start-ups over the past three months in Fashion For Good’s hub in Amsterdam have followed a curriculum geared at making their respective solutions market-ready, including mentorship and training by Kering and C&A senior management, deal flow sessions with potential strategic partners and links to investors.
Participants including Agraloop, Amadou and MycoTex presented their developed business models to an audience of investors and corporate partners at a Demo Day event held in Amsterdam last week. Select start-ups are eligible to receive between $25,000 to $75,000 in funding to support the scale-up of their sustainable innovations.
Whittled down from more than 200 applicants and a shortlist of 19, the 10 newly selected start-ups from around the world due to attend the next 12-week accelerator program include Nature Coatings, specializing in high-performing bio pigments and finishes for textiles; LiteHide by LeatherTeq, a patented process geared at eliminating salt pollution in the preservation of hides and in the associated supply chain; Carcel, a Danish fashion label whose garments are handmade by women in prison using natural and locally sourced materials, and EON.ID, billed as the first global tagging system for textile recycling.
Among key focuses, the program will include exploring ways of improving the textile industry’s approach to water use, energy use, waste, chemical use and labor practices.
Kering, the parent of brands including Gucci, Puma, Boucheron and Stella McCartney, is the first founding anchor partner of the Plug and Play – Fashion for Good accelerator. The Fashion for Good initiative was set up with an initial grant from the C&A Foundation.