eBay UK and the BFC Launch £100,000 Fund to Invest in Circular Fashion Solutions
eBay UK, the leading online marketplace, has officially unveiled the second edition of the Circular Fashion Innovator's Fund in collaboration with the British Fashion Council (BFC). This initiative is geared towards aiding small businesses, social enterprises, and charities that are pioneering innovative solutions in circular fashion. The fund's primary objective is to bolster sustainability in the fashion industry by supporting groundbreaking technologies and services aimed at reducing waste and extending the life cycle of clothing.
The Circular Fashion Innovator's Fund will provide up to six grants, each amounting to £25,000, with applications being accepted until Friday, October 20, 2023. A distinguished panel of experts from both the fashion and sustainability sectors, comprising Jane Shepherdson CBE, Joe Metcalf, Hugo Adams, Amy Bannerman, and Kirsty Keoghan, will evaluate the applicants. In addition to the financial support, the selected winners will also receive invaluable mentoring, networking opportunities, and increased exposure in the fashion industry.
eBay's commitment to fostering and expanding the circular fashion economy is at the forefront of this initiative. This renewed effort comes as the demand for secondhand and pre-loved fashion items continues to surge on eBay's platform, reinforcing the company's dedication to propelling the fashion circular economy forward.
eBay's ongoing support for the acceleration and growth of the circular fashion economy underscores its dedication to sustainable and environmentally-conscious practices in the fashion industry.
eBay's ongoing support for the acceleration and growth of the circular fashion economy underscores its dedication to sustainable and environmentally-conscious practices in the fashion industry.
In an official press release, eBay’s Global GM of Fashion, Kirsty Keoghan, said, “The UK fashion industry is at the forefront of innovation driving to make circularity the future of fashion. At eBay, we’ve seen first hand that start-ups and small businesses are a significant driving force behind this ambition for change. Following the hugely successful first year of the Fund, we’re committed to identifying and scaling more UK businesses to help make the change we all want to see.”
Caroline Rush, CEO at the British Fashion Council, said: “We are excited to announce our renewed partnership with eBay after a successful first year. We aim to support and assist businesses in preparing for positive change by embracing innovation, which is fundamental to our mission. We firmly believe that everyone has a role to play in building a brighter future for the fashion industry and aiding the growth of companies that are accelerating the circular economy in fashion is key to this. We look forward to continuing to champion the remarkable advances which are being made in the industry.”
How to apply and what to expect:
If you are interested in applying for the eBay Circular Fashion Fund, you will need to fill out a simple online form before Friday 20 October 2023. You will be asked to provide some basic information about your business, such as your name, address, website, company registration number and trading history. You will also need to describe your circular fashion solution, how it uses technology and innovation, how it benefits the environment and society, and how you plan to use the grant money if you win. You will be notified by Monday 6 November 2023 if you have been shortlisted for the next stage.
The shortlisted applicants will then have the opportunity to pitch their proposals to a panel of industry experts and eBay leaders in the week commencing 13 November 2023. The panel will select up to six winners based on the assessment criteria listed below.
The shortlisted applicants will then have the opportunity to pitch their proposals to a panel of industry experts and eBay leaders in the week commencing 13 November 2023. The panel will select up to six winners based on the assessment criteria listed below.
Who can apply and what are the criteria:
The eBay Circular Fashion Fund is open to small businesses, social enterprises and charities that are based in the United Kingdom and registered with Companies House (not sole traders). The applicants should have been trading for at least six months and no more than six years. The Fund is open to both eBay and non-eBay sellers. The applicants should demonstrate that they have a circular fashion solution that leverages emerging technologies to create products or services that advance fashion's circular economy.
The solution should have a unique value proposition that has game-changing advantages over other alternatives. The solution should also be commercially viable and economically desirable, as well as addressing a need and solving a problem. The solution should have an immediate and longer-term impact on people and the planet. The quality and completeness of the application form will also be taken into account.
The solution should have a unique value proposition that has game-changing advantages over other alternatives. The solution should also be commercially viable and economically desirable, as well as addressing a need and solving a problem. The solution should have an immediate and longer-term impact on people and the planet. The quality and completeness of the application form will also be taken into account.
To find out more about the Circular Fashion Innovator’s Fund and how to apply, visit here.
Disclaimer:
eBay is the registered trademark of the company.
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Disclaimer:
eBay is the registered trademark of the company.
About ChannelMAX.NET:
ChannelMAX offers Amazon Repricer that runs on the latest AI Repricing algorithm to do Amazon Pricing Management or Amazon Repricing. Based on Amazon SP API, the repricing engine or repricer runs 24/7 and efficiently manages Amazon prices to maximize your BuyBox with profit optimization. Established in 2005, ChannelMAX has been integrated with Amazon technology since 2007, helping thousands of third-party sellers on various eCommerce platforms. Some of the eCommerce platforms, aka marketplaces, supported by ChannelMAX.NET, are Amazon, Walmart, eBay, and Shopify. Some of ChannelMAX key offerings include ChannelMAX Amazon Repricer, 2ndly, ChannelMAX Amazon FBA Audits and FBA Refunds management, an offering for managing Amazon FBA Refunds Reimbursement management for lost or damaged or misplaced inventory for which Amazon is responsible and for which sellers deserve appropriate credit reimbursement from Amazon. ChannelMAX Services offer Remote (aka Virtual) Full-Time eCommerce Assistant to help 3P sellers run their daytoday business.
Check ChannelMAX at Amazon Selling Partner Appstore, an application with a 5 star rating.