INDUSTRY UPDATE: Finance & Innovation - Today’s financing models don’t cut it. We need new approaches that are structured in a way to help reduce risk for all parties involved.
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Mike had the unique opportunity to sit down with an impact investor and a vertical manufacturer to share their real world views on what it takes to accelerate the uptake of sustainable apparel technologies in the apparel supply chain. Tanvi Karambelkar, representing the newly launched Good Fashion Fund, introduces the fund’s pioneering approach for providing financing to manufacturers who want to invest in high impact but often disruptive technologies - which are very high risk. Abhishek Bansal, representing Arvind - a vertical manufacturer based in India, describes the challenge of implementing radically new technologies in practice. Listen in as these two experts break down the complexities, share their views on larger industry trends and highlight what needs to happen to transform the industry in the short and longer terms. “The problem with the textile industry is that it is still seen as a niche. But the problems we are solving with our fund are universal...” This is a great learning conversation, if we do say so ourselves! We hope you agree.
This podcast is supported by the C&A Foundation, the H&M Foundation, The Rylander Foundation, and Tencel. It is produced in collaboration with Ecotextile News.