eBay UK Launches Circular Fashion Innovators Fund
Funding is being offered to help UK-based small firms specialising in pre-loved fashion to access new technology and deliver innovative solutions.
eBay UK has announced a partnership with the British Fashion Council to launch the Circular Fashion Innovators Fund, supporting small businesses specialising in circular fashion solutions.
The Fund hopes to bring new technology and services to the market that can help people think and shop differently, with a particular focus on areas such as customer experience, circular inventory and services, and social commerce.
The fund makes £100,000 available for companies providing circular fashion technology. A shortlist of ten businesses will be invited to pitch to a panel of industry experts, who will then choose the six overall recipients of the funding. Each of the six winning businesses will be awarded a £15,000 grant, and a final overall winner will receive an additional £10,000.
Successful businesses will also participate in a six-week mentoring programme with experts from eBay and other industry leaders, creating opportunities to network with other innovators in the circular fashion industry.
Small businesses operating in the UK’s circular fashion industry may apply. Applicants should have an established business that has been trading for a minimum of six months and a maximum of six years. The Fund is open to both eBay and non eBay sellers.
The deadline for applications to be submitted is 3 November 2022.
(This report was the subject of a GRANTfinder Newsflash.)