by Apparel Resources News-Desk
27-March-2019 | 2 mins read
Popular clothing retailer Inditex and Massachusetts Institute of Technology (MIT), has signed an agreement, with a purpose of promoting research into global sustainability challenges.
As a part of this partnership Inditex will contribute over US $ 4 mn to multi-year research projects, along with ongoing backing for a sustainability seed fund for Spanish universities to collaborate with MIT for researching on new methods of recycling textiles and new sustainability technologies.
During the first round of this seed fund, projects regarding the recycling of fibers were selected from the universities of Vigo, Granada, the Basque region, and the Polytechnic School of Valencia. The new round of seed funding includes selection of five new research initiatives that align with the Company’s global sustainability strategy and finding solutions in the areas such as upcycling, recycling, ecological fabrics, clean energies, and manufacturing and logistics eco-efficiency.
Moreover, MIT Department of Materials Science and Engineering will receive fund of US $ 1 mn which is Inditex Materials Science and Engineering Fellowship Fund, for promoting research into the areas of sustainability, logistics, and supply chain management. This fellowship aims to pursue initiatives in the circular economy and in the application of advanced sustainability techniques within the textiles industry.
Also, for research in the areas such as artificial intelligence, automated learning and data science, Inditex will also join the MIT Institute for Data, Systems, and Society with a multi-year contribution of US $1.2 mn.
This partnership agreement between the two is a part of Inditex’s commitment to research and innovation as “a driver of global progress.”
Inditex has a strong history of collaborating with universities and other education. Apart from its agreement with MIT, Company is currently actively involved in educational project with the university of La Coruna, University of Santiago de Compostela, University Pontificia de Comillas.
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