In this only-of-its-kind initiative, Circular Design Challenge partnered with Circular Apparel Innovation Factory to create an investment-ready platform that would showcase innovations and solutions for a circular economy across the textile & apparel value chain. Thus was born – Circular Changemakers. Multiple applicants applied to become a part of this program of which six innovative businesses with high impact models in circular fashion were selected to pitch for strategic investment and partnerships to a jury of investors on 22nd August, at Lakme Fashion Week.
The programme welcomes applications from startups offering
scalable, post-prototype and revenue-generating solutions. Their
contribution to the textile and apparel industry must be less
harmful and provide renewable inputs. From the pool of applications,
start-ups - 'changemakers’ - are chosen to participate in a
bootcamp by industry experts. The 3 module bootcamp focuses on
providing visibility to change-makers in the ustainable and
circular fashion space, exposing them to important aspects of
'Capital Raising', 'Business & Financial Modelling' and 'Investor Pitch reparation’.
Following the bootcamp, enterprises pitch their value proposition and business model
to a panel of investors. They get the opportunity to receive strategic investments and partnerships
through their pitch to a group of potential strategic investors from reputed impact investment funds.