Industry Opportunity | CP Ventures
In some exciting news, our Members Charles Parsons have announced a CP Ventures innovation fund, which looks to support young businesses! Great to see an established company actively supporting the local industry.
“We would like to connect the incredible internal talent within our organisation with external entrepreneurs, to enable cross-pollination. We believe new CP Venture partners will benefit from our wealth of experience, global networks and, where necessary, direct financial investment, to enable challenges and exciting joint enterprise.” Charles Parsons, Group Managing Director and great-grandson of the organisations founder.
In its centenary year, Australia’s largest independent textiles and fashion business Charles Parsons (Holdings) Pty Ltd has announced the launch of a new proprietary innovation fund for young talent who are involved in textile related businesses, and who are now ready to move to the next phase of their growth with CP Ventures.
Successful applicants to the CP Ventures fund will be offered unparalleled access to the Charles Parsons business divisions that include homewares, garments, drapery and upholstery fabrics, garment components and textiles from manufacturing to finished products.
“The Group has always been focused on the principles of trusted, innovative partnerships. It is therefore appropriate to be launching CP Ventures in our hundredth year of business, knowing that we are laying foundations for another hundred years of successful Australian enterprise”, said Charles Parsons.
CP Ventures has been created with a purpose of providing opportunity, driving innovation and creating value in the broader Australian textiles industry at a time when the country is looking for leadership to maintain global competitiveness.
CP Ventures is open to all private businesses who have some relationship to the textile or clothing industries with a view to partnership. The process begins through submissions via the CP website - so get to it!
The project aims to assist with:
FACILITATION | Gain management and distribution assistance coordinated by the most established textile company in the country…
FRAMEWORK | Be set up for success with ongoing and scalable support to move your business goals forward…
FUNDING | Receive investment and credit facilities to turn your big idea into a reality...
Like the sound of that? Here is what they are looking for :
To be considered simply complete and submit the application form found HERE making sure to identify how your current business addresses each of the following criteria :
- Centres around the business of textiles and related areas, and aligns with Charles Parsons brand development goals to manage a number of brands that can be taken from inception directly to the consumer.
- Demonstrates sustainable, competitive advantages
- Has a business plan demonstrating trading history and a strategy to achieve defined growth and profitability targets over the next 24 months
- Is scalable
- Demonstrates existing branding or has a competitive advantage in the marketplace
- Has scope for CP Ventures to become an equity partner
Charles Parsons is able to support young businesses that have been established for at least 2-3 years. CP Ventures will review and assess shortlisted business applications based on merit and supporting business plans.
Head to the Charles Parsons Site HERE to find out more details and apply!
Thanks For Reading!