The key points
- New resources for startups
- Acceleration of technology transfer programs
- Promotion of innovation
The startup world is always sparkling. Third co-investment of Gellify and Azimut Digitech Fund, a closed-end alternative fund that invests in B2B software startups, contributing to the support and technological growth of the Italian corporate ecosystem.
As stated in a note Azimut Libera Impresa Sgr, on behalf of the Azimut Digitech Fund, and Gellify have completed an investment round in Startupbootcamp FashionTech, a B2B vertical acceleration program for the fashion and textile sector launched by Startupbootcamp, one of the largest startup accelerators in the world.
Through this investment, Gellify and Azimut Libera Impresa Sgr will indirectly obtain stakes in accelerated companies focused on B2B applied to the fashion world and will begin to operate in a new sector compared to those in which they are already active.
Startupbootcamp FashionTech is the first vertical acceleration program for the fashion and textile industry launched by Startupbootcamp, one of the largest startup accelerators in the world active in several sectors, including financial services, energy, health, media, commerce, with 15 hubs present on all continents, a total of 20 thousand annual applications and a portfolio of investments in over a thousand companies.
Based in Milan, the program will last 3 years and will accelerate 30 high-potential startups from all over the world, to foster meeting and business with leaders in the fashion and textile sectors. The course will be carried out in collaboration with the largest companies in the fashion world, an international network of academic and private accelerators and a global network of mentors and investors who will support startups and help them in their commercial and financial development.
Gellify had already started a collaboration with Startupbootcamp FashionTech for about a year to support the accelerator in the research and analysis path of B2B technological startups and in giving a valid response to the pressing needs of the fashion and textile sector for supply and production. more efficient and sustainable.
The reference markets in which StartupBootcamp operates and invests in the FashionTech field have ample potential both in terms of prospects and numbers.
The main areas of interest are Industry 4.0 and Supply Chain Technology. The latter, according to the report “Global Logistics and Supply Chain Management Software 2020-2026” by the international market research firm QY Research, was valued at 15.85 billion dollars in 2019 and is expected to reach 37.4 billion. of dollars in 2027 with a CAGR of 12%.
Another interesting market taken into consideration by the vertical accelerator is RetailTech which, in the “Global Smart Retail market Report 2021-2027” also by QY Research, was estimated at 12.4 billion dollars in 2019 and is expected to reach 30 , $ 7 billion in 2026 with a CAGR of 13.7%.
Finally, the Fashion Sustainability market, valued at $ 6.35 billion in 2019 and expected to reach $ 8.25 billion in 2023 with a CAGR of 7%, according to the market research firm The Business Research Company in the report. on the ethical fashion market.
In this scenario, the investment of Gellify and the Azimut Digitech Fund of Azimut Libera Impresa Sgr in Startupbootcamp Fashiontech looks very promising, especially since by investing in the vertical accelerator Gellify and Azimut Libera Impresa Sgr will indirectly obtain stakes in accelerated companies focused on B2B applied to the world of Fashion and will begin to operate in a new sector compared to those in which they are already active.
“The partnership between Gellify and Startupbootcamp FashionTech aims to identify and accelerate innovative startups for the textile sector, with a specific focus on manufacturing, which is driving a radical change so that companies remain competitive, and to give a new focus on sustainability. . – commented Lucia Chierchia, Managing Partner of Gellify -. Innovative startups offer new technologies and business models that allow us to redesign the textile economy based on the principles of the circular economy. This transformation requires system-wide change with an unprecedented degree of commitment, collaboration and innovation. In our view, market-relevant innovations require strong skills. That’s why we are partners of a vertical accelerator recognized worldwide: to bring our digital experience in B2B to the table with the aim of creating disruption in the textile industry ».
«We are very proud to have GELLIFY and Azimut Libera Impresa as business partners and investors in Startupbootcamp FashionTech. – declared Alceo Rapagna, CEO of Startupbootcamp Italia – In addition, GELLIFY’s experience in B2B and Industry 4.0 technologies completes our focus on digital and sustainability, for an unprecedented joint innovation offer for both startups and companies. companies in the world of Fashion ».