The STAND Up! Project, financed by the European Union through the ENI CBC MED program (http://www.enicbcmed.eu/projects/stand-up), launches a call for applications for ventures in the textile and clothing sector to develop their financial literacy skills, get knowledge on how to raise funds and get chances to meet with local and regional investors to potentially secure funding opportunities. The ‘Call for Access to Finance’ will select a minimum of 50 entrepreneurs from the 5 partner countries in Lebanon, Egypt, Italy, Spain and Tunisia.
As a supporting element for circular and sustainable business models, the 10 selected entrepreneurs per country will participate in a 10-days-long training that will focus on building the financial projections of the start-ups, understanding their readiness, trends and opportunities in the investment landscape. The training program, held in each country, will be followed by two events organized by each country to provide investment feedback to the entrepreneurs and to receive local and regional exposure with potential investors.
The call is open for textile and fashion start-ups that meet the following criteria:
- Early-stage/Growth-stage start-ups in the textile and clothing industry
- Venture with a potential scalability, innovative and economically viable
- Venture with a prototype or product/service ready in the market
- Venture with an environmental and social impact
- Venture with a unique value proposition and sustainable business model with clear revenue streams
The application forms must be filled in through The Switchers.org platform, a free-to-use tool that entrepreneurs have used along the capacity building program. Applicants must register in the platform in order to be able to apply!
Deadline to submit applications: 29st March 2022