eBay UK has announced a partnership with the British Fashion Council to launch the Circular Fashion Innovator’s Fund, offering £100,000 (€150,000) in funding for small businesses specializing in circular fashion solutions. The fund hopes to bring new technology and services to the market that will make people think and shop differently, with a particular focus on areas such as customer experience, circular inventory and services, and social commerce. Environmental charity, Hubbub will support in an advisory role, drawing on its experience in delivering high-profile grant funds.
Applications are open from now until Nov. 3, and small businesses can apply via eBay’s website. A shortlist of ten businesses will be invited to pitch to a panel of industry experts from eBay and other leading organizations, who will then choose the six overall recipients of the funding, each receiving a £15,000 grant (€17,250). A final overall winner will receive an additional £10,000 (€11,500).
Winners will also participate in a six-week mentoring program featuring one-on-one sessions with business leaders from eBay and organizations including the Ellen MacArthur Foundation, as well as networking opportunities.
