Woolmark Company partners with Fashion Tech Lab to bridge the gap between new technologies, sustainable innovations and luxury fashion. The two will pool expertise in sourcing, supply chain and sustainability to empower finalists through a dedicated mentorship programme.

The Woolmark Co.’s managing director Stuart McCullough said that the ultimate aim of this exciting partnership is to give these 12 finalists — their future ambassadors — the best opportunity to enhance their business through innovation and sustainable processes, so they can meet the discerning needs of tomorrow’s customer. As the award continues to evolve, their aim is to encourage designers to think beyond today and embrace future technologies, which will ultimately provide a positive impact for tomorrow.

The Innovation Award powered by Fashion Tech Lab celebrates the collection with the most innovative and creative wool fabrication, process or development and will be awarded to the finalist who demonstrates the most exciting approach to help reduce its social and environmental footprint.

Twelve finalists that will be chosen for the Innovation Award powered by Fashion Tech Lab, which will be given to the collection with the most innovative and creative wool fabrication, process or development. The honor is tied to the WoolmarkCo.’s International Woolmark Prize. The winner will also exemplify the most exciting approach to help reduce its social and environmental footprint.

Founded by Miroslava Duma, tThe Fashion Tech Lab is a hybrid platform includes as investment company, a multinational incubator, a consulting agency that specializes in innovation for the fashion industry, an experimental laboratory and philanthropic organization. All of these entities are geared for helping new technologies and sustainable innovations to connect, collaborate and create products and brands that are meant to advance the industry and improve social and environmental footprints. The Fashion Tech Lab is a global collective that brings together leading minds in fashion, technology and finance.

Fashion Tech Lab helps new technologies and sustainable innovations connect, collaborate, and create products and brands that evolve the industry and improve its social and environmental footprints.