Fashion For Good

Fashion For Good, based in Amsterdam, is a global initiative dedicated to transforming the fashion industry into a force for good. Established in 2017, it operates as an innovation platform, fostering collaboration between brands, innovators, and investors to accelerate the transition to a circular and sustainable fashion economy. Rather than a traditional venture capital fund, Fashion For Good primarily facilitates innovation through its accelerator and scaling programs, providing mentorship, expertise, and access to a network of leading fashion companies.

The initiative's core strategy involves identifying promising sustainable innovations and connecting them with brands for pilot projects and wider adoption. Since its inception, Fashion For Good has supported over 100 innovators through its various programs, helping them develop and scale their solutions for areas like raw materials, dyeing, finishing, and end-of-use. This support often includes non-equity assistance, but it also paves the way for financial backing.

A significant component of Fashion For Good's financial ecosystem is the Good Fashion Fund, which they co-founded. This dedicated fund provides long-term loans to manufacturers in countries like India, Bangladesh, and Vietnam, enabling them to invest in sustainable production technologies and infrastructure. The Good Fashion Fund aims to bridge the funding gap for innovations that require significant capital expenditure, with a target fund size of USD 60 million.

Through the Good Fashion Fund, Fashion For Good facilitates substantial financial commitments to drive systemic change. The typical range for these long-term loans, which represent their primary direct financial support, falls between EUR 1 million and EUR 5 million. This translates to approximately USD 1.08 million to USD 5.4 million, based on recent exchange rates. This strategic financial deployment, alongside their innovation platform, underscores Fashion For Good's comprehensive approach to making all fashion good.