Resortecs receives €2.5M grant from the EU to accelerate fashion’s circular transition
The fashion-tech startup that facilitates industrial-scale textile recycling is one of the 74 high-potential businesses chosen in the most competitive selection of the European Innovation Council (EIC) Accelerator.
BRUSSELS, BELGIUM – Brussels-based startup Resortecs has been selected to receive a grant worth €2.5M from the EIC Accelerator. The startup enables industrial-scale recycling in fashion thanks to high-quality, automated garment disassembly.
Currently, less than 1% of all clothing produced is recycled, largely due to the high costs and complexity in separating different textile materials prior to recycling. Resortecs solves this issue with two patented innovations: Smart Stitch™, heat-dissolvable stitching threads, and Smart Disassembly™, an industrial oven capable of separating the different components of clothing made with Smart Stitch™, all without compromising the quality or creativity of clothing.
Aligned with the EU efforts to accelerate circular fashion and progressively halt fast-fashion production, Resortecs is one of the 74 startups selected out of over 1000 applicants in what is the most competitive funding round from the EIC Accelerator. The high-potential companies will each receive grants and/or equity investments, depending on their needs.
Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth said:
The new wave of innovation is currently led by deep tech start-ups that target societal challenges. I am happy to see so many of them applying to the EIC, in particular from countries that are catching up in their levels of research and innovation performance. Thanks to the European Innovation Council, they will get the support they need to accelerate their growth and lead on the next wave of deep tech.
Founded in 2017 by Cédric Vanhoeck and Vanessa Counaert, in 2021 Resortecs had already raised over €1.8M to fund R&D and start piloting their disassembly solution, now validated by over 30 global fashion giants. Winners of several awards – from the H&M Foundation Global Change Award in 2018 to the 2022 Female Founder Challenge organized by VivaTech and Société Générale just last week – the startup counts on renowned supporters, including La Maison des Startups LVMH in France, Desigual’s Awesome Lab in Spain, and the BMW Foundation’s RESPOND Accelerator in Germany.
We are thrilled to have been selected by the EIC. This sum is a stepping stone to close our current €5M fundraising round – the most ambitious so far. We want to double the team, produce new continuous disassembly systems and scale our thread production to answer the ramping demand for circular solutions coming from the EU textile industry. – Cédric Vanhoeck, co-founder & Executive Lead.
Resortecs’ Smart Stitch™ has already been used in collections such as “Genesis” in collaboration with the American made-to-measure jeans brand Unspun and with H&M for the “Circular Design Story” capsule collection. A new partnership with Spanish giant Inditex is set to hit the stores this summer. By the end of the year, the French Decathlon will launch its first model with Resortecs’ thread: a fully circular ski jacket.