SRI LANKA: Brandix takes new steps to encourage innovation
Brandix wants to encourage innovation in the country's textile and apparel industry
Apparel export giant Brandix has signed another deal as part of its ongoing efforts to encourage innovation in the country's textile and apparel industry.
The MoU has been signed with the Sri Lanka Inventors Commission (SLIC) through Brandix's Disrupt Unlimited start-up.
SLIC will seek inventors with potential to commercialise their ideas in the fields of textile, apparel and accessories. Disrupt Unlimited will then review these inventors and select suitable candidates to go through its 'Incubator' or 'Disrupt-a-thon' programmes.
This could then lead to funding and additional mentoring to commercialise their ideas.
Speaking at the signing of the deal, Brandix director Udena Wickremesooriya stressed the importance of building and fast-tracking an ecosystem which encourages and nurtures start-ups.
"We are still in the infancy stages of this cycle. Therefore, we need to really go for it in the next five years to catch up to ecosystems that have been 25 years in the making."
He said the purpose of Disrupt Unlimited is to "take big ideas to the global market". Wickremesooriya advised inventors to "take the risks, make your ideas work, and deliver results".
He added: "If you successfully fail, Brandix will offer you an employment opportunity within its group of companies."
Launched earlier this year, Disrupt Unlimited is a seed accelerator that seeks to inspire, mentor and fund start-ups with solutions to disrupt products, practices, processes and business models in the apparel, textile and accessories sectors.
It aims to encourage innovators from across industries to develop technology-driven solutions that address challenges at every stage of the supply chain, leading to revolutionary changes in the way apparels, textiles and accessories are made, packaged, distributed and consumed.
Access is given to seed funding, advisors, practical workshops, networking opportunities, collaborative workspace and legal and administrative services, along with the opportunity to pitch ideas to venture capitalists and angel investors.
Click here to read more about the March launch of the US$1m 'Disrupt Unlimited' start-up.
A drop in demand from some of its US customers after abnormal weather in the early part of the year kept shoppers away from stores, has weighed on first-quarter profits at knitted fabric manufacturer ...
Two manufacturing plants in the Brandix Apparel Solutions Lingerie Cluster in Sri Lanka have been awarded the Eco Factory Attributes accolade by retailer Marks & Spencer....
The most-read stories on just-style this week include an aggressive recovery plan unveiled by Mothercare's new boss, why Nicaragua apparel makers fear a bleak future from TPP, and Brandix takes new st...
- Li & Fung looks to new frontiers for growth
- Gap impressed with supply chain improvements
- Cambodia's future outsourcing prospects uncertain
- Impact of the TPP on the US textile industry?
- Better Work programme poised to expand
- China minimum wage rises will be tough to handle
- Cambodia garment industry hit with fresh strikes
- Cambodia mass faintings rise to 896 in first-half
- Ralph Lauren unveils high-performance Polo shirt
- Russia threatens ban on western apparel imports
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Global market review of denim and jeanswear – forecasts to 2020
- Prospects for the Textile and Clothing Industry in Turkey
- Opportunities and Applications for Digital Textile Printing
- Colombia - ISA Country Report