Mango continues to consolidate its innovative vocation and has just created a fashion startup accelerator in collaboration with the business school IESE Business School.
Mango StartUp Studio aims to promote innovation in the company, detect new growth opportunities and participate in the development of new technologies or business models.
According to the CEO of Mango, Toni Ruiz, “The new accelerator will allow Mango to get to know the start-up ecosystem first-hand, establish contacts with the main players in the sector and assess the trends and new disruptive technologies, developing real cases together with the startups, either because of the high value that they can contribute as for its future potential”.
Ideas under development
Mango StartUp Studio is looking for companies and ideas in the development phase to carry out seed capital investments that bring innovation to the value chain of the fashion industry and improve the customer experience. Sustainability and technology have been established as priority areas of interest for the accelerator, as well as all the links in the value chain, from product creation to distribution, passing through sourcing.
The selected companies will be European in scope and must be mainly in the early stages of development or have a recently launched product. The Mango accelerator will have one of three million euros and anticipates investment in more than fifty companies in the medium term.
The agreement with IESE Business School contemplates the support of the business school to Mango in the processes of screening initiatives, training of people and collaboration for meetings that help and promote networking among the selected entrepreneurs.
Similarly, if the initiative requires it, Mango will also offer start-ups the possibility of having a workshop in the company’s offices, where they will be surrounded by leading teams in product design and technological development.
Depending on the nature of the project, the co-working service could be carried out in the mango headquarters in Palau-solità i Plegamans or in its logistics center in Llisá de Munt, as well as in the Mango Innovation Center located in the 22@ district of Barcelona.
There will also be the option of conducting remote sessions for those entrepreneurs who cannot travel to these locations. All startups interested in this initiative can find more information and sign up through the page: startupstudio.mango.com