Textiles waste start-up gets £250,000 boost
A start-up focused on waste textiles is among 25 young companies that will received a $250,000 investment (£250,000 in EMEA) and mentorship as part of Morgan Stanley’s Inclusive Ventures Lab.
Over the next five months, the companies will participate in an in-house accelerator programme designed to further develop and scale technology.
Chosen from thousands of applications, the companies represent a range of disruptive technologies across industries such as retail, healthcare and software.
Sortile provides the textile industry with a system that enables the identification, traceability and recycling of textiles (US); Compare Ethics is an AI-powered sustainability compliance platform that reduces costs by helping retail brands simplify, streamline and scale the way they make accurate green claims (UK); and For The Creators is an omni-channel circular fashion marketplace where women can rent and buy high-quality clothing for each stage of motherhood (UK).
