Applications for funding are open until 15 November 2024 with innovative start-ups and small businesses invited to apply via the eBay website. Credit: Shutterstock.

The CFF will recognise a ‘Circular Fashion Innovator of the Year’ with the winner granted an investment of $300,000.

The fund will expand in the UK, Germany, the US and Australia.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In the UK it is entering its third year and the CFF will award a £50,000 ($65,000) cash prize to its winner, with two runners-up receiving £25,000 each. All three finalists will receive bespoke mentoring sessions, educational workshops and networking opportunities.

As well as the $1.2m investment between its launch in 2022 and the end of 2025, eBay’s CFF will also support circular start-ups with more than 200 hours of mentoring and networking.

Applications for funding are open until 15 November 2024 with innovative start-ups and small businesses invited to apply via the eBay website.

See Also:

The CFF has helped 15 businesses scale circular solutions since its launch in 2022. As well as eBay, the fund is also supported by the British Fashion Council, in line with its mission to address the industry’s environmental impact.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

As the fund expands internationally, eBay will also work with the Council of Fashion Designers of America, Fashion Council Germany and the Australian Fashion Council to extend its impact.

eBay says its global expansion extends its reach to invest in businesses bringing new technology and services to the market that will help people think and shop differently.

Kirsty Keoghan, global general manager of fashion at eBay commented: “The CFF is a catalyst for collaboration by combining the global scale and power of established companies like eBay with the creativity and innovation of nimble start-ups.

“We’re not only helping to scale circular solutions but also bringing together the most knowledgeable and respected experts in the industry. Together, we’re making a positive impact on the circular economy and truly reshaping the future of fashion.”

Caroline Rush, CEO at the British Fashion Council added: “Building on the success of the past two years, we remain focused on boosting excellence and innovation in the British fashion community. Small businesses are integral to building an ecosystem that can create specialised solutions and we want to help them scale.

“The CFF has been a game-changer and we are thrilled to support the new ideas and entrepreneurial spirit from this next cohort. Together, we’re making the fashion industry more sustainable, one step at a time.”

In April, eBay announced it would waive selling fees for individual sellers of preloved fashion items, a move aimed at supporting the circular fashion drive and diverting clothes from landfill.