The European Union has launched different projects involving large companies in the sector. The IED joins this challenge as leader of the European Circular InnoBooster for Fashion and Textiles (F&T) project , which was created with the aim of transforming companies in the industry to adapt regenerative, circular and sustainable processes.
Thus, IED leads a consortium with Texfor , The Circular Project, CIRCULAB and HumanNation, which works on cooperative and collaborative circular co-design for self-employed professionals, startups and innovative SMEs that seek to transform their business.
From this project, which is already active and will last until December 2022 , this consortium will carry out an open call to select a total of 30 European companies that present their ideas of innovation and development in the field of sustainable fashion and circular economy.
The best proposals, previously selected by an expert jury, will receive funding of € 12,000 to be able to develop their project and a support network formed by the large companies in the sector for the exchange of knowledge.
With a progressive and avant-garde approach, CircularInnoBooster is based on the circular economy , based on business design principles, human-centered and community participation models. The objective is to apply the concept of Circularity in all its dimensions: environmental, social and economic, in a balanced way.
In addition, due to its European character, the project acquires a transnational character , which allows cooperation between companies and organizations from different countries for the transfer of knowledge and best practices in the field of sustainable fashion and textiles.
Circular design to achieve sustainable models
With CircularInnoBooster , the IED and the entities with which it collaborates will launch the CircCoAX program (Circular collaborative and cooperative co-design accelerator for SMEs).
Together with leading partners and expert mentors, these companies will be able to develop a support plan that covers the entire value chain . From the raw material and final products; technical and financial support; expansion of applications, products and processes; to new business models and brand strategies.
The IED faces this project from its innovation laboratory: IED Innovation Lab . A workspace designed to support and promote companies and institutions in the implementation of transformation processes in future scenarios and to adopt the evolution they need to be competitive in new markets.