Madrid, December 21 – Last Tuesday 21 December, the facilities of the Istituto Europeo di Design (IED) in Madrid hosted the experts and evaluators of the COSME CircularInnoBooster project. Representatives of the IED itself, Finnova Foundation, The Circular Project and HumanNation, accompanied by the virtual presence of TEXFOR, analysed the pre-selected applications to define who will be the 30 consortia taking part in the CirCoAX acceleration program.
In June, the call launched for the CirCoAX accelerator received around a hundred proposals, advocating for contributing to the transformation of the fashion and textile industry under the circular economy model. During the first half of December, forty-six shortlisted candidates passed the second stage of the process of selection and held an interview with the experts. Now, the partners of CircularInnoBooster have gathered to analyse the interviews and decide who will be the 30 beneficiary projects.
Funding and mentorship for the promotion of sustainable and circular projects
To kick-off the year in style, by mid-January, the 30 selected transnational partnerships taking part in the circular fashion and textile acceleration program will be announced. The winning proposals will receive a €12,000 grant to boost their business ideas, mentoring, training, visibility and even the possibility to apply for further European funding.
CircularInnoBooster project and its accelerator CirCoAX aim to scale innovative ideas, fostering European cooperation and strengthening a circular, ethical and sustainable business fabric for the fashion and textile industry.
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