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:
- Impact Award - €100,000
- Gender Justice Award - €30,000
- Peer Award - 2 x €25,000 each
- Strategy Spark - 7 x €10,000
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”
The following industry experts will make up the judges’ panel:
Brandee Butler Head of Gender Justice & Human Rights at C&A Foundation
Kavita Ramdas Founder and Consultant at KNR Sisters and former Senior Advisor to the Ford Foundation
Doug Cahn Principal, The Cahn Group
Aditi Wanchoo Senior Manager - Development Partnerships Social & Environmental Affairs, APAC at Adidas Group
Rizwan Tayabali CEO at Make A Difference
Nadine Freeman Co-Director Ashoka Globalizer
To learn more about the participating Globalizer Fellows, head to the Ashoka Globalizer Website > http://po.st/Ah24Ky