New funding initiative for fashion innovation
14/03/2024
As part of the Trailblazer Programme, PDS Ventures will award one innovator up to $200,000 to accelerate the company's growth and positive impact in the fashion industry.
The winner will also receive commercial and operational support from PDS Group's Positive Materials, which supports acceleration of textile innovation through collaboration between early-stage start-ups, supply chain partners and brands.
Applicants will be reviewed by a jury including representatives from GFA, PDS Ventures, Massachusetts Institute of Technology (MIT), Ralph Lauren Corporation, Fashion For Good and H&M Group. Eight shortlisted innovations will be enrolled in a group of Trailblazers, receiving feedback and investment pitch training from industry experts and PDS representatives.
The winning Trailblazer will be revealed at GFA's Global Fashion Summit: Copenhagen Edition 2024 in May.
Federica Marchionni, CEO of GFA, said: "To truly achieve impact at scale, innovation and investment go hand-in-hand. In a time of significant economic challenges, it is more important than ever that the fashion ecosystem prioritises investment in early-stage solutions so that we can bring them to fruition and make them last.”
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