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Thursday, April 13, 2017
Plug and Play, Fashion for Good, and Kering Part 2
A mushroom-based textile shaped on custom-fitted moulds, MycoTex is a new one-step way of producing clothing that eliminates the need for spinning yarns, weaving and other processes. In addition to being chemical-free and requiring little water to develop, MycoTex is 100% biodegradable meaning clothing can be composted after use.
Via the use of microorganisms, Pili could enable the textile sector to phase-out petrochemical, non-renewable dyes and replace them with natural organic ones, notably reducing the level of toxic chemicals used in textile production.
Both a new type of packaging and a new business model, RePack has the potential to reduce the carbon footprint of e-commerce packaging by 80%. Once a product is received, the client sends the packaging back to the store for re-utilisation and thus closes the loop.
Sundar is building the digital supply chain for the modern, faster, sustainable fashion industry. The platform connects manufactures and suppliers of textiles, trims, accessories and garments with brands and retailers, and enables in minutes what used to take weeks and months to accomplish.
Via its water-free technology, Tersus offers a replacement to conventional high-polluting fiber & apparel cleaning processes. Specifically aimed at brands, dry-cleaning professionals, and industrial laundry cleaning, it uses recycled fluid CO2 (from industrial manufacturing) as a solvent instead of water.
Having already developed 100% biodegradable and compostable packaging solutions made from bio-plastics for other industries, Tipa has the potential to reduce waste levels and the use of plastics in the fashion industry.
“At Plug and Play, we have been helping the startup world for the past eleven years, and now, with the creation of the Plug and Play – Fashion for Good accelerator, we are looking for startups that have both social impact and environmental impact. With the direction of Fashion for Good and Kering, the twelve companies we have accepted will make an impact on a global scale,” says Saeed Amidi, Founder and CEO of Plug and Play.
“These 12 exciting start-ups are helping the world reimagine how fashion is designed, made, worn and reused. They were chosen because they can all play a pivotal role in achieving the Five Goods of a new, transformed fashion industry: Good Materials, Good Economy, Good Energy, Good Water and Good Lives. The Plug and Play - Fashion for Good Accelerator nurtures and funds early-stage ideas, business models and technologies likes these to scale them and embed them into the industry. We can’t wait to get it started,” said Leslie Johnston of C&A Foundation, the founding partner of Fashion for Good.
“The key to sustainable progress is innovation, and the ingenuity and endless possibilities that these twelve start-ups have brought to us is truly impressive,” said Marie-Claire Daveu, Chief Sustainability Officer and head of international institutional affairs of Kering. “We look forward to working closely with them to achieve operational practicality, and at the scale required for widespread adoption so that we can support the transformational change that is critically needed in our industry.”
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.
The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).
About Plug and Play
Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year. Since inception in 2006, our programs have expanded worldwide to include a presence in 22 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 180 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $5 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk.
About Fashion for Good
Fashion for Good is the global initiative that is here to make all fashion good. Fashion for Good sparks and scales innovation by offering practical action in the form of support and funding, shares best practice and lessons learned in open-source roadmaps, and fosters sector-wide collaboration for the entire apparel industry to change. Fashion for Good invites brands, producers, retailers, suppliers, non-profit organisations, innovators and funders to jointly transform the industry. Guests are invited to learn more about the industry at a newly opened Launchpad exhibition in Amsterdam. Fashion for Good was created with an initial grant from founding partner C&A Foundation, and other partners have joined to help build the foundation of Fashion for Good: C&A, the Cradle to Cradle Products Innovation Institute, the Ellen MacArthur Foundation, IDH the Sustainable Trade Initiative, Impact Hub Amsterdam, Kering, McDonough Innovation, Plug and Play, and the Sustainable Apparel Coalition (SAC).
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