eBay UK: Circular Fashion Innovator's Fund
Overview
Winners from the UK will be in with a chance of securing up to £50k in funding and will advance to pitch their business model to eBay’s global leadership team. This is an opportunity to be awarded "eBay Circular Fashion Innovator of the Year" and receive an additional investment of up to $300k. In partnership with the British Fashion Council (BFC) they’re spotlighting businesses that are changing the way people shop and think about circular fashion, through customer experience, circular inventory and social commerce.
The Circular Fashion Fund supports businesses from fashion start-ups and beyond as they scale innovative circular solutions, from production to end-of-life.
What is circular fashion?
Imagine fashion as a cycle, where pieces are continuously rehomed, repurposed, and recycled rather than going to landfill. As circular fashion increases in not only popularity but also importance for the planet, innovative technological advancements are vital. That’s where the eBay Circular Fashion Fund comes in and supports business sellers.
Who are they looking for?
The eBay Circular Fashion Fund supports innovative businesses that use technology and services to change customer behaviour within the fashion industry. They are looking for forward-thinking solutions which will develop the way we think about fashion's circular economy.
What will selected applicants receive?
- Up to £50,000 in funding to expand your business
- A chance to gain a $300,000 investment
- A bespoke mentorship programme with industry experts
- Exclusive networking opportunities
Who is eligible?
In order to be considered for the eBay Circular Fashion Fund, applicants should meet the following criteria:
- The applicant’s company should be based in the United Kingdom and registered with Companies House (not sole trader) and can be a charity, social enterprise or registered company.
- Applicants should be trading for a minimum of 6 months and a max of 6 years.
What criteria are applications evaluated against?
- The ability to leverage emerging technologies to create products or services which advances fashion's circular economy
- Have a unique value proposition that has game-changing advantages over other alternatives
- The business model is commercially viable and economically desirable
- The business not only addresses a need but also solves a problem
- Has an immediate and longer-term impact on people and the planet
- Quality and completeness of application form
- Businesses selected for global assessment will be reviewed against their team, traction of their business, and thesis