A little under a year ago, we launched FTL as Fashion Tech Lab and have since transformed it into Future Tech Lab (FTL). We realized that the impact of innovation in materials science and technology goes beyond the fashion industry and into automotive, healthcare, aerospace and many others. Throughout this journey, fashion has remained one of our founding pillars and the perfect platform to launch new trends, technologies and innovations for the other industries to follow.
With the launch of FTL, we also attracted US$50 million in committed capital from international private and institutional investors. During this time, we came across over 90 exciting investment opportunities and exclusive deals. Having conducted a thorough initial review of each opportunity, and done our full technical and financial due diligence on over 25 ventures, we have invested in 7 promising companies, which include:
Diamond Foundry – above ground diamonds with zero carbon footprint; Hydrop – functional nano-cosmetics for apparel and footwear; Dropel Fabrics – performance based natural cotton fibers and fabrics; Vitro Labs – the first animal and environmentally friendly lab grown luxury leather; Bolt Threads – next generation of performance fibers, fabrics and luxury products that represent cutting-edge technology in science, while raising the bar for quality, performance and design. Worn Again – textile to textile recycling technology that can separate and recapture polyester; and Evrnu – recycling technology which invented a regenerative fiber made from post-consumer cotton textile waste. We believe that these pioneering companies are among many others that have the potential to lead the transition of the fashion and apparel industry towards a more sustainable future by maximizing the positive impact of innovation in the fields of science and technology.
Over the past few months, through the FTL investment pillar, we have had the unique chance to investigate and explore this emerging materials science industry and evaluate its true potential to accelerate our world towards a brighter future.
Disclaimer: No offer. The information contained on this website constitutes neither a solicitation, nor a recommendation, nor an offer for buying or selling, or to engage in any kind of transaction in relation to FTL or otherwise.