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The finalists, Sojo from the UK, Germany’s MOOT (Made Out of Trash), Australia-based Shopfront and the US’s Refiberd, each won initial rounds in the competition. Ebay partnered with the British Fashion Council (BFC), the Australian Fashion Council (AFC), the Council of Fashion Designers of America (CFDA) and Fashion Council Germany (FCG) to bring the fund to each country, inviting startups to pitch their businesses to a panel of influential judges and win $50,000 in local currency. Ebay brought its Circular Fashion Fund competition to New York City on 25 March, in partnership with Vogue Business, where three finalists pitched their businesses to judges including Steven Kolb, CEO of the CFDA; Kirsty Keoghan, Ebay’s general manager of global fashion; fashion creator Wisdom Kaye; Brittany Sierra, founder and CEO of the Sustainable Fashion Forum; fashion designer John Bartlett; and Margherita Maccapani Missoni, founder of fashion label Maccapani.Proud Member Of Antifa Chapter 86 47 Trump Shirt
Refiberd won the $50,000 prize, advancing to the finals, for her company’s plan to make textile-to-textile recycling more efficient and intelligent. Right now, Bajaj told the judges, clothing waste piles up all over the world with little chance of getting recycled, thanks to complex material blends that don’t easily break down to be remade into something else. The majority of fashion garment tags are also labelled incorrectly, she said, making it more difficult for textile recyclers to know what they’re working with. Refiberd uses hyperspectral imaging and artificial intelligence to examine and classify the material makeup of garments so they can be recycled. “Ebay’s initiatives like the Circular Fashion Fund are truly transformative for the circularity industry, as startups like ourselves are building innovative technology that can unlock key challenges in the circularity space, but often struggle to get in front of the right stakeholder who can apply and use our technology at scale,” said Bajaj. “Through initiatives like the Circular Fashion Fund, Ebay directly supports startups by providing visibility and driving the critical conversations needed to bring their technologies to market. With its focus on new technologies, Ebay helps startups expand into other areas of circularity and also identify where a technology might have an application in resale — maybe in ways the startup itself hadn’t even considered.”
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