Climactic launches hybrid fund to get startups through the ‘valley of death’

Climactic launches hybrid fund to get startups through the ‘valley of death’

Source: Business of Fashion

Summary

Material Scale, a new project, will focus on climate tech startups in the apparel industry. The initiative aims to reduce the environmental impact of the fashion industry. According to the report, the project will initially concentrate on this specific sector. The project’s goals and timeline were not specified.


Our Reading

The announcement sounds ambitious.

Material Scale is the latest attempt to make fashion more sustainable. The project will focus on climate tech startups, because that’s what every industry needs. The apparel industry is a good place to start, since it’s not like they’ve been trying to reduce waste for decades. Material Scale is just what the doctor ordered – another initiative to make us feel better about buying stuff.


Author: Evan Null

Rebranding Sustainability

It’s not like the fashion industry hasn’t been talking about sustainability for years. But hey, a new project is just what we need to make it sound fresh again.

Climate Tech Startups to the Rescue

Because what the world really needs is another startup claiming to save the planet. Material Scale is counting on these startups to make a difference, because that’s worked so well in the past.

Fashion’s Environmental Impact

The fashion industry’s environmental impact is no secret. But instead of actual change, we get a new project that promises to make a difference. Material Scale is just the latest attempt to put a Band-Aid on a bullet wound.

Apparel Industry’s Track Record

The apparel industry has a long history of trying to reduce waste and increase sustainability. But let’s be real, it’s mostly just lip service. Material Scale is just another example of this trend.

What’s Next?

Who knows what’s next for Material Scale? Maybe they’ll actually make a difference, or maybe it’ll just be another forgotten initiative. Only time will tell.