Source: Business of Fashion
Summary
The ANDAM association, a French fashion organization, has announced the winners of its 2023 Fashion Award, Accessories Award, and Fashion Innovation Award. The three winning brands will receive 70,000 euros each in funding, as well as business mentoring and one-on-one tutoring starting from June. According to the organization, the winners were selected from a pool of 12 finalists by a jury of industry experts.
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ANDAM’s funding and mentoring initiative is reminiscent of similar programs that have supported emerging designers in the past. The emphasis on business guidance alongside financial support acknowledges the industry’s shift towards sustainability and commercial viability. The winners will join the ranks of previous ANDAM recipients, such as Jonathan Anderson and Phoebe Philo. The cyclical nature of fashion support systems raises questions about the long-term impact of such initiatives. Fashion’s familiarity with reinvestment is a well-known pattern.
Author: Evan Null
