Ashoka and C&A Foundation launch social impact fund for apparel industry innovators
26th May 2017, BANGALORE, India. - Ashoka and C&A Foundation have launched a new €250,000 'Scaling Impact Fund' as part of their joint Fabric of Change initiative supporting social innovation in the apparel industry.
The fund, launched today at the Fabric of Change 'Globalizer' Summit in Bangalore, India, will award financial support to participating social entrepreneurs —Ashoka Fellows— to facilitate transition from scaling up strategy planning to strategy implementation. A total of €250,000 has been allocated to the C&A Foundation Scaling Impact Fund.
These awards will focus on the newly crafted strategies and the way forward rather than past achievements. This is an exploratory process that will lead to new lessons and insights about successfully implementing scaling strategies and facing inevitable barriers in doing so.
The Globalizer Summit, which is being co-organised with leading global management consulting firm A.T. Kearney, is part of a week of events on sustainability in the global textile and apparel industries, anchored by the Sustainable Apparel Coalition and MCL News & Media's Planet Textiles. The Globalizer Summit aims to accelerate the impact of social entrepreneurs by providing the tools and support to strategically and rapidly scale their impact in order to achieve systemic change within the apparel industry.
The following prizes will be available to the participating Ashoka Fellows:
This is a first-of-its-kind fund for the partnership between Ashoka and C&A Foundation. Nadine Freeman, Co-Director of Ashoka's Globalizer Programme, commented:
“Once a clear and robust scaling strategy is defined, one of the biggest remaining barriers is typically funding or investment to support strategy roll-out. Social entrepreneurs sometimes struggle to make the first steps towards implementation and find investors for system-level strategies which may delay their plans or force them to re-prioritise their programs."
Brandee Butler, Head of Gender and Justice at C&A Foundation said:
“C&A Foundation is deeply inspired by the creativity, ingenuity and tenacity of these Fellows. Through the Fabric of Change partnership, and the Globalizer Programme, C&A Foundation is proud to support their work and to enable access to the expertise, networks and resources they need to refine and scale their innovations."
“Social entrepreneurs sometimes struggle to make the first steps towards implementation and find investors for system-level strategies which may delay their plans or force them to re-prioritise their programs.”Co-Director of Ashoka’s Globalizer Programme Nadine Freeman
The following industry experts will make up the judges' panel:
Head of Gender Justice & Human Rights at C&A Foundation
Founder and Consultant at KNR Sisters and former Senior Advisor to the Ford Foundation
Principal, The Cahn Group
Senior Manager - Development Partnerships Social & Environmental Affairs, APAC at Adidas Group
CEO at Make A Difference
Co-Director Ashoka Globalizer
To learn more about the participating Globalizer Fellows, head to the Ashoka Globalizer Website.
Fabric of Change
Launched in 2015, the joint initiative Fabric of Change supports innovators at various stages of their development, unlocking the unique power and potential of social entrepreneurs and their solutions to advance a shared vision: transforming the apparel industry as a force for good.
Ashoka is the largest global network of leading social entrepreneurs—individuals with new ideas to systemically address the world's biggest challenges and the entrepreneurial skill to transform those ideas into national, regional and global social impact. Over 35 years, we have supported more than 3,300 social entrepreneurs in 90 countries with solutions addressing society's most pressing issues. Ashoka's vision is a world in which Everyone is a Changemaker —a society that responds quickly and effectively to challenges, and where each individual has the freedom, confidence and societal support to address any social problem. www.ashoka.org
C&A Foundation is here to transform the fashion industry. We give our partners the financial support, expertise and networks so they can make the fashion industry work better for every person it touches. We do this because we believe that despite the vast and complex challenges we face, we can work together to make fashion a force for good. www.candafoundation.org
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