**New York, NY – 22 February, 2023:** The Fashion Institute of Technology (FIT) is proud to announce the launch of the ‘Fashion Innovation Catalyst Awards,’ a transformative program designed to empower emerging fashion designers with the resources and mentorship they need to develop and launch their innovative concepts..
**The Need for Innovation in Fashion**.
The fashion industry is constantly evolving, driven by technological advancements, changing consumer preferences, and sustainability concerns. FIT recognizes the urgent need for fostering innovation in this dynamic field, where new ideas and bold designs have the power to shape the future of fashion..
**Empowering the Next Generation of Designers**.
The Fashion Innovation Catalyst Awards are designed to support visionary designers who are pushing the boundaries of fashion design and technology. The program will provide awardees with:.
* **Financial Grants:** Up to $25,000 to support project development and prototyping expenses..
* **Mentorship and Industry Connections:** Access to a network of industry experts, mentors, and potential investors..
* **Workspace and Resources:** Dedicated studio space at FIT’s state-of-the-art facilities..
* **Educational Support:** Guidance and training from FIT faculty and industry professionals..
**Eligibility and Selection Process**.
Emerging designers who meet the following criteria are encouraged to apply:.
* Currently enrolled in or graduated within the past five years from a recognized fashion design program..
* Demonstrated passion for fashion innovation and a commitment to sustainability..
* Innovative project concept with the potential to disrupt the fashion industry..
**A Jury of Industry Leaders**.
A distinguished jury of industry professionals will review applications and select the awardees. The jury includes:.
* Diane von Furstenberg, Founder and Chairwoman of DVF.
* Prabal Gurung, Founder and Creative Director of Prabal Gurung.
* Virgil Abloh, CEO of Off-White and Artistic Director of Louis Vuitton Men’s.
* Suzy Menkes, Fashion Critic and Editor of Vogue International.
* Steven Kolb, CEO of the Council of Fashion Designers of America.
**Transforming the Future of Fashion**.
FIT President Dr. Joyce F. Brown believes the Fashion Innovation Catalyst Awards will have a profound impact on the fashion industry: .
