7th Gen Ventures’ Post

The story of Renewcell is symbolic of the huge challenge facing the industries - the cots of #adoption of #sustainable and #environmentalfriendly solutions are expensive. Which is one of the key #innovation areas we are focusing on at At 7th Gen Ventures: working with startups to see how we can help reduce the costs for #sustainability for companies in the #fashionindustry. "The plight of Renewcell illustrates the fashion industry’s hesitancy in adopting new materials that may be better for the environment but typically cost more, at least in the short term. It is also another sign of how some companies are putting less emphasis on green initiatives amid a more challenging economic climate. While the transition from gasoline cars to electric vehicles has benefited from billions of dollars in subsidies, the move to new textiles has received practically no government support, making startups reliant on private funding." To know more about how we can help #startups through #mentoring and #marketaccess and corporates by finding solutions to problems, do get in touch with us! #sustainablefashion with Anirban Bhattacharya Gautam Khot Shyam Sukhramani Rajeev Nair www.7thgen.earth

This Startup Promised to Help Fashion Go Green. Brands Didn’t Want to Pay for It.

This Startup Promised to Help Fashion Go Green. Brands Didn’t Want to Pay for It.

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