Payments startup Klarna raises $20M from H&M, its second backer from the fashion world [TechCrunch]
The London Underground is getting vending machines to clean all your dirty clothes [Wired]
Meet the robotic museum guide that will turn art into sound for the visually impaired [FastCompany]
How are you thinking about innovation? We’re all about finding you the perfect partners to do so. TheCurrent is a consultancy transforming how fashion, beauty and consumer retail brands intersect with technology. We deliver innovative integrations and experiences, powered by a network of top technologies and startups. Get in touch to learn more.
Material startup Bolt Threads has introduced Mylo, a new leather material made from mycelium, the roots of a mushroom. For this textile innovation the company is continuing its work with designer Stella McCartney, who is launching a new style of the iconic Falabella handbag made from the innovation.
Bolt Threads has developed the patented leather by creating optimal growing conditions for mycelium cells to self-assemble into an animal leather-like material, meaning it can be produced in days rather than years.
The textile was developed in collaboration with Ecovative, a New York-based startup that had initially created the mushroom technology for packaging. It is not only sustainable from a raw material point of view, but can also be dyed with tea, which has long been a natural dyeing agent.
It’s the right time to show the world that we are more than just spider silk, Dan Widmaier, Bolt Threads’ co-founder and CEO, told us. Widmaier, who has a PhD in chemistry and chemical biology, is constantly developing things with his team in the company’s lab at a small scale, and leather and silk are just the beginning.
He refers to Bolt Threads as becoming a “platform” that can launch an infinite number of new materials inspired by the endless opportunities in nature.”There’s a huge ability to have an impact here,” he says, with relation to the change such new materials can make on sustainability and the environment. His tagline is “better materials for a better world”, which he refers to as critical for the globe’s growing population and increasing middle class.
The Stella McCartney handbag made from Mylo will be on display in London’s Victoria & Albert Museum’s “Fashioned from Nature” exhibit from April 21. McCartney has no plans of putting the handbag on sale as yet, though her excitement towards investigating sustainable technologies is strong: “Once you take that technology and innovation and you marry it with luxury fashion and design and creativity, there’s no end to what magical madness you can create,” she told Forbes.
Bolt Threads’ own version of a Mylo leather handbag will be available for preorder in June.
This is Bolt Threads’ second material launch, having introduced Microsilk, a manmade spider silk produced in a lab in 2017. To showcase the material’s potential, the composition of which is meant to be stronger than steel but softer than a cloud, the startup launched a necktie and a hat. It followed that by introducing its partnership with McCartney via a dress made from the material that showcased the same level of fluidity and drapery as original silk. This was part of an exhibition at the MoMa in New York in October last year.
Want to know more? At this year’s SXSW, our chief intelligence officer Rachel Arthur spoke to CEO Widmaier on how his company’s innovations are driving the future of sustainable fashion for our TheCurrent Innovators podcast.
In order to get sustainable products out the door we have to create the kind consumers actually want to buy, Dan Widmaier, CEO of advanced materials technology company, Bolt Threads, says on the latest episode of TheCurrent Innovators podcast.
Speaking to Rachel Arthur, he says it’s all very well having a vision for the future driven by deep technology – in his case, best known as spider silk – but if the consumer doesn’t like it, it’s irrelevant.
“Ultimately it is up to the consumer,” he says. “[We’re] seeing the speed at which consumer taste is changing – 2017 was a transformative year for sustainability. It is getting big really fast and it’s becoming one of the issues at the forefront of the industry because it touches everyone… No one wants to work in an industry where you say, hey, you know what I’m going to do today, I’m going to mess up the world for the future. Everyone wants to make it better. So it’s not surprising. We all want to feel like we are working towards some greater good in the world.”
His team is doing that by mimicking spider silk found in nature and reproducing it in a lab. This is about harvesting proteins to ultimately create sustainable, high-performance fibers and fabrics that will eventually find their way into our clothes. He launched his first product – a tie – at SXSW last year. And has since partnered with fashion designer Stella McCartney in order to drive that real consumer drive.
You can’t buy any of the McCartney products yet, but he promises there are big things coming up later this year.
His work is oft referred to as the beginning of a new material revolution – one that looks at bioengineering, thus focused on what comes from nature, rather than from chemistry to produce polymers and plastics, as was the drive throughout the 20th Century.
In an age driven increasingly by a focus on sustainability, he says it’s about time there was a greater push around new materials. His team has recently closed $123 million Series D investment round, so the next step is about getting to scale.
Listen to the podcast to hear how Widmaier thinks his team can get there, the kind of challenges that stand in his way between now and then, and just why sustainability is such a big agenda for fashion.
The big thing, he says, is about balancing impatience with reality. “Big innovations around fundamental technologies that are at the cutting edge are more fragile in the world than people realise. So we try to balance the desire to go as fast as humanly possible with the desire to see it be a success in the long term, because we think the good transcends beyond just Bolt. We can be an example that investing in deep science and deep technology can really create lasting good and commercial value in the world.”
Catch up with all of our episodes of TheCurrent Innovators here. The series is a weekly conversation with visionaries, executives and entrepreneurs. It’s backed by TheCurrent, a consultancy transforming how consumer retail brands intersect with technology. We deliver innovative integrations and experiences, powered by a network of top technologies and startups. Get in touch to learn more.
Underpinning the fashion and luxury industries right now is both a tough retail environment and a landscape of intensifying competition – from Amazon to the bevy of new direct to consumer players. While sales are steadily on the rise, with The McKinsey Global Fashion Index projecting global industry growth from 3.5 to 4.5% in 2018, there are still big challenges ahead.
As we’ve seen time and again, survival is no longer a guarantee merely based on heritage; innovation in an age of rapidly evolving consumer expectations is what will drive staying power.
However, while that word – “innovation” – means newness in a literal sense, when it comes to looking at trends for the year ahead, we are very much talking about evolution not revolution in terms of what matters for retail and fashion brands.
For 2018, then, the big areas of focus will continue to be around augmented reality, artificial intelligence, the voice interface, blockchain, the circular economy, new materials, customisation and fulfillment.
Those tech terms tie into some big overarching trends shaping the future of the industry too; namely the sense of an increasingly frictionless shopping experience, more personalised and relevant consumer interactions and the drive of a serious sustainable agenda.
Here are the things you need to be thinking about…
In 2017 we saw the launch of Apple’s ARkit and Google’s ARcore, making augmented reality development on the devices we all use everyday incredibly simple. This push into the mainstream has led to a forecast of 900 million AR-enabled smartphones by the end of 2018, according to consulting firm Digi-Capital. With that of course comes increased consumer expectation – research from Digital Bridge shows that 69% of shoppers now want retailers to launch AR apps within the next six months.
We’ve already seen the likes of Ikea, Anthropologie and Burberry doing so to both facilitate shopping and make for some fun experiential use cases. As Apple CEO Tim Cook told Vogue: “Over time, I think [these features] will be as key as having a website.” 2018 then is your year to tool up. What is your AR strategy going to be?
Big data strategy is more of a reality for retailers and brands than ever thanks to the role of machine learning within artificial intelligence. Now, decisions can be made based on detailed and real-time consumer insights. The largest benefit for businesses at this point lies in providing greater relevancy or personalisation to the consumer – from tailored recommendations to highly individualised messaging.
There will be an estimated 1.8 billion users of voice assistants – like Amazon’s Alexa and Apple’s Siri – by 2021, according to Tractia. That kind of progress is already well underway, hot on the heels of simple facts like Amazon’s Echo devices being the biggest sellers on its website this holiday season. Last year we saw retailers starting to figure out where their place was in this landscape – Walmart teamed up with Google Home; others like Perry Ellis launched a fun personal styling app through Alexa.
Based on the simple mantra of needing to be where your consumers are, it’s time for the rest of the industry to start exploring how they too can use voice. At some point we’re going to see such technology assistants as the gatekeepers to shoppers, turning traditionally targeting and messaging on its head.
Blockchain is another tech word that’s been bandied about nonstop of late, but the chips are starting to fall as to what this can really mean for the industry. While cryptocurrencies are having a real do or die moment, the more relevant applications of blockchain for fashion brands lie in authenticity and transparency. Authenticity is about anticounterfeiting above all else, while transparency sits alongside sustainability. Both are about validating supply chain data, with blockchain by its immutable nature supporting that very fact.
London designer Martine Jarlgaard recently led the charge in terms of transparency, turning to storytelling to showcase each step of her supply chain through blockchain company Provenance. Expect 2018 to see more of these types of initiatives on a marketing level, as well as a broader movement to start thinking from the ground up in terms of integrating such technology into the foundations of the organisation.
The circular economy
On the subject of sustainability, the drive for less waste, and the move towards a true circular economy is also gaining headway. In 2017 we saw H&M announce its goal to be fully circular by 2030 and to only use recycled or other sustainably sourced materials. No small task, but a bold statement highlighting the work that’s got to go in between now and then.
The key, according to Nielsen, is that 72% of millennials and 73% of Generation Z say they would pay more for brands with sustainable offerings, meaning doing good is also key to strong business today. It’s not possible to be in this industry without thinking about this side of things in some way or another as a result, making this year a critical time for all involved. Strategy around the three R’s: reduce, reuse and recycle, will be a big focus for 2018, from new innovations shaping the possibilities around recycling techniques themselves, to a continued focus on areas like the sharing economy and resale sites.
Other names like VitroLabs are also worth keeping an eye on, as well as those experimenting with different fibres produced from the byproduct of harvests including pineapples, mushrooms, oranges and grapes. If last year was about experimentation, 2018 gives us the opportunity to move towards application and real commercial viability.
If you pull together some of the above trends – personalisaton and sustainability fundamentally – there’s little escape from the idea of customisation as a penultimate thought for 2018. If you can make something tailored to the individual, waste is lower, usage lasts longer, conversions are higher… the list goes on.
This is not new – we’ve been monogramming for decades – but the continued roll out of flexible manufacturing options from start-ups like Unmade, or with Shima Seiki printers as the likes of Ministry of Supply have used, as well as large scale automated systems like the Speedfactory from Adidas, are making this both quicker and more possible at scale. If that wasn’t enough, beware the A word once more: Amazon recently won a patent for an on-demand manufacturing system for apparel. That could be a game changer.
In case Amazon hasn’t yet been mentioned enough above, one final point to note continues around just how to make your time from order to delivery faster than ever. With the e-commerce juggernaut setting the precedent amid a consumer landscape of instant gratification in the on-demand economy world, it’s become somewhat of a race to the bottom for fulfillment.
The fact is, if we’re offered 30-minute drone delivery down the line, or even more realistically the 90-minute arrivals of our Gucci wares from Farfetch, as we saw launch in 2017, we’re more than likely going to take it. The question of need no longer comes into it. This space is ripe with start-ups offering all manner of assistance – from types of delivery options to opportunities for simplified returns. So what are you doing to pick up the pace? Time is quite literally of the essence.
It’s always interesting looking back at the most-read stories on the site for the year – a hugely indicative view on what the big subjects have been and the direction of travel accordingly for the industry.
This year – while we’ve been living a particularly tough time for retail, with multiple bankruptcies and ongoing store closures – the lens through which we report, has only been a positive one.
There’s been a big focus on sustainability for instance, from new bioengineered materials actually hitting at a commercial level, through to the role blockchain can play in enabling greater transparency.
Artificial intelligence has also been a particularly pertinent subject – ranging from the impact it’s having on personalisation, to the future of automated stores and the role of voice technology.
On the subject of the future, our ongoing fascination with space travel hit fever pitch this year too – as a society at large, and within the fashion industry itself once more – which was reflected in our long-read on the future branding opportunity that lies in spacesuits.
On top of that in our 10 most popular stories on Fashion & Mash this year was a look at augmented reality, the evolving view on the store of the future and the way in which Instagram Stories is being used.
British fashion designer Stella McCartney, long known for her focus on sustainability, is teaming up with San Francisco-based Bolt Threads, a biotechnology company dedicated to creating the next generation of advanced materials.
The duo will together pursue the next chapter in innovative luxury fabrications in a bid to reduce the fashion industry’s reliance on petrochemicals and damage to the environment.
The first piece from the partnership will be a one-off gold dress made from Bolt Threads’ signature “spider silk”; a lab-made protein-based yarn. It will feature in an upcoming exhibition at The Museum of Modern Art called Items: Is Fashion Modern?
“From the day we founded Bolt Threads, we’ve dreamt of partnering with Stella McCartney,” said Dan Widmaier, CEO of Bolt Threads. “Not only does she have an unparalleled aesthetic, but her values and pioneering sustainable fashion align perfectly with our vision for the future of fashion.”
As highlighted by Bolt Threads in a blogpost about the partnership, McCartney is constantly looking for how to step away from the very traditional way in which the fashion industry operates. In 2015 she said: “We’re excited by risk. We’re excited by thinking outside the box. We think that’s modern. And I think the fashion industry is supposed to be modern, and I find it so extraordinarily old fashioned at times that I can’t really get my head around it.”
On today’s announcement, she noted: ‘’On a personal and professional level partnering with Bolt Threads is so exciting, because it feels like everything is finally coming together and the dots are being connected between fashion, sustainability and tech innovation. This is something that I’ve been personally on a journey to find for much of my career and I just feel like there is finally a new opportunity to bring so many industries together and for them to all work as one for a better planet. It is a truly modern and mindful approach to fashion.
“The industry has so much heritage, but at times it can be damaging to the environment and it can also drag you in a backwards direction and for me I always want to move forward in fashion and this is truly a moment to celebrate technology and the future of fashion.”
McCartney’s continual pursuit for more sustainable materials also recently saw her introduce a new viscose program that addresses the issue of deforestation. She also uses organic cotton, regenerated cashmere, vegan leather and recycled soles on her footwear, as further examples. Her focus even extends to alternative glues for her bags and sustainable woods in her stores, while her most recent ad campaign draws attention to overconsumption, set in a Scottish landfill site.
Speaking in November 2016, she said 53% of her womenswear collection can currently be considered sustainable, up from 30% in the early days. Her new menswear line is at 45%.
Bolt Threads, which has a new 11,000 sq ft fiber spinning facility, is also focused on closed-loop processes for manufacturing, using green chemistry practices. The company, which was founded in 2010, released its first ever product in March 2017 – a knit necktie made of its 100% Boltspun spider silk. At the time Widmaier explained: “We see this as the beginning of the story. We’re releasing it in limited quantity to put a statement out there, but there will be more to follow.”
The partnership with Stella McCartney promises to continue to announce and reveal new initiatives throughout the remainder of 2017 and beyond.
Sustainable textile start-ups focused on everything from mushroom leather to nanotechnology tracers are among the first cohort for Plug and Play and Fashion for Good’s new accelerator programme in partnership with Kering.
A total of 12 young businesses have been selected from over 250 applicants, based on the impact their innovations can have on the supply chain. They vary from new raw materials that will reduce fashion’s environmental impacts, to alternative production methods that will increase clothes’ longevity, and the development of new processes that will enable closed-loop product lifecycles.
They include Agraloop, which collects waste from fibrous food-crop production and transforms them into textiles; Amadou, which is a renewable, biodegradable and low-environmental-impact leather made from mushrooms; Dragon, a novel water purification technology that operates off light energy; Dropel, a bio-degradable polymer that repels watery or oily substances;
ICA Bremen, which uses nanotechnology to introduce scan-able tracers into fibres of organic cotton; and MySource, which is a network matching fashion professionals to the connections and information they need to build successful, sustainable businesses.
Also securing a place are MycoTex, another mushroom-based textile shaped on custom-fitted moulds; Pili-bio, which uses microorganisms in a bid to phase-out petrochemical, non-renewable dyes; RePack, which is looking to reduce the carbon footprint of e-commerce packaging by 80%; Sundar, a supply chain platform connecting manufactures and suppliers of textiles, trims, accessories and garments with brands and retailers; Tersus, a water-free technology offering a replacement to conventional high-polluting fibre and apparel cleaning processes; and Tipa, a biodegradable and compostable packaging solution made from bio-plastics.
“These 12 exciting start-ups are helping the world reimagine how fashion is designed, made, worn and reused. They were chosen because they can all play a pivotal role in achieving the Five Goods of a new, transformed fashion industry: Good Materials, Good Economy, Good Energy, Good Water and Good Lives. The Plug and Play – Fashion for Good Accelerator nurtures and funds early-stage ideas, business models and technologies likes these to scale them and embed them into the industry. We can’t wait to get it started,” said Leslie Johnston of C&A Foundation, the founding partner of Fashion for Good.
The 12 start-ups will now enter a three-month programme during which Plug and Play, Fashion for Good and Kering will support them in scaling-up their innovations by providing mentoring, training, networking opportunities and other valuable resources.
“The key to sustainable progress is innovation, and the ingenuity and endless possibilities that these 12 start-ups have brought to us is truly impressive,” said Marie-Claire Daveu, chief sustainability officer and head of international institutional affairs of Kering. “We look forward to working closely with them to achieve operational practicality, and at the scale required for widespread adoption so that we can support the transformational change that is critically needed in our industry.”
Kering’s aim is to stimulate disruptive innovation, transform conventional processes in luxury, and enable the widespread adoption of sustainable practices.
The wider Fashion for Good programme also includes an apparel acceleration fund that aims to catalyse access to finance, an open-source guide proving that Good Fashion is feasible today and shows brands how to embrace it, and a launchpad exhibition to inform and inspire the public to be part of its larger movement.
It’s also heavily focused on a sense of community along with its other partners beyond the accelerator supported by Plug and Play and Kering, including C&A, the Cradle to Cradle Products Innovation Institute, the Ellen MacArthur Foundation, IDH the Sustainable Trade Initiative, Impact Hub Amsterdam, McDonough Innovation, and the Sustainable Apparel Coalition (SAC).