Sri Lanka’s Brandix seeks disruptive innovations

Mar 04, 2014 (LBO) - Sri Lanka Brandix, an apparel sector group said it is committing up to a million US dollars to start-ups that will find 'game changing' solutions for apparel, textiles and accessories industries. "The new venture ˜Disrupt Unlimited’ will run a seed accelerator that will inspire, mentor and fund start-ups with breakthrough solutions to disrupt products, practices, processes and business models in these sectors," the firm said in a statement.

"The objective of the company is to encourage innovators ¦ that address challenges at every stage of the supply chains, leading to revolutionary changes in the way apparels, textiles and accessories are made, packaged, distributed and consumed."

Disrupt Unlimited will play the role of a 'seed accelerator' and provide start-ups with access to seed funding, advisors, practical workshops, networking opportunities, collaborative workspace and legal and administrative services.

The firm said it will also organize a demo day to pitch game-changing ideas to venture capitalists and angel investors.

Brandix Director Udena Wickremesooriya said in the apparel industry Sri Lanka has almost every component of the industry and the human capital, b