eBay UK has announced its £ 100,000 circular fashion fund in collaboration with the British Fashion Council (BFC) for the second year following its success in 2022 with The Seam, an on-demand tailoring service as the grand prize winner.
The circular fashion fund will be provided for small businesses, innovative tech start-ups, social enterprises and charities with an award grant of £ 25,000 for 6 winners to invest in the circular economy with a particular focus on innovation around customer experience, circular inventory and services and social commerce.
The finalists will also receive a six-week mentoring program, industry networking opportunities and a platform to showcase their circular fashion solutions to a wider audience with financial support from environmental charity Hubbub.
Applications are open on eBay’s website from 25th September to 20th October. A shortlist of ten businesses will be invited after an initial screening of the online applications and will be invited to present before a panel of fashion and sustainability industry experts.
The judging panel will include representatives from eBay, BFC, Hubbub and The Ellen MacArthur Foundation. The grand winner will be announced the week commencing 19th February 2024.
