Europe Fashion Summit
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THE FASHION ACCELERATOR CONTEST

ABOUT

Are you a startup seeking to elevate your business to the next level? Whether you’re an entrepreneur needing consistent workflow support or a creative director looking for more pitching opportunities, the Fashion Accelerator Contest is designed to help you break through and transform your brand.

This year marks the inaugural launch of our annual contest, dedicated to discovering big creative talent and innovative startups in the European fashion industry. Among the applicants, only ten exceptional finalists will be selected to present their brand and business models on the first day of the Europe Fashion Summit. These finalists will have the rare opportunity to pitch their ideas to a prestigious panel of judges, including CEOs, Fashion Directors, Buyers, Established Designers, and Consultants—some of the most influential figures in fashion today.

Throughout the Europe Fashion Summit, finalists will engage in pitch sessions where the jury will evaluate each presentation based on specific criteria. The winner will be announced on the final day of the summit. The prizes extend beyond financial rewards, offering invaluable opportunities such as trunk shows with top retailers, personalized mentorship sessions, and, most importantly, increased visibility within the fashion industry.

THE JURY

  • Pepa Bueno – Executive Director. ACME (Asociación Creadores Moda Española)
  • Charo Izquierdo – Fashion Consultant, Journalist, Writer and Businesswoman
  • Guillermo Muchacho – CEO & Co-Founder of Cokrea
  • Beltrán Espinosa de los Monteros – Board Member, Senior Advisor & Investor at Inditex

PRIZE

Beyond the thrill of winning, the prizes and benefits are designed to propel the winning startup to new heights in the fashion industry. Explore the exciting prizes and benefits awaiting the ultimate victor

 

  • €10,000 cash prize
  • Mentorship session with Cokrea in Business, Brand & Strategy, and Marketing (value of service €10,000)
  • Two complementary office spaces in the Coklub offices in the heart of Salamanca for 3 months
  • Trunk shows and pop-up opportunities with the leading retailer
  • Branding consulting session(s)
  • Networking opportunities with potential investors 
  • 1-year free subscription to the EFS Networking and Fashion News Platform
  • Opportunity to come as a speaker for the 2025 EFS Edition
  • Media exposure and coverage

ELIGIBILITY CRITERIA

To participate in the Fashion Accelerator Contest, your startup must meet specific requirements that ensure readiness and potential for growth. These criteria are designed to identify startups that have a solid foundation and the capacity to benefit most from the opportunities provided by the contest.

 

  • Must Have
    • Headquarters must be located in Europe.
    • Must have launched a product or service in the fashion industry with at least 1 year of recurring metrics.
    • Company should be at least 3 years old.
    • Must be up-to-date with tax obligations.
  • Nice to Have
    • Startups have already received a round of financing.

EVALUATION CRITERIA

During the contest, the jury will assess each finalist based on a set of comprehensive evaluation criteria. While contestants may compete in various categories, there will ultimately be only one winner.This streamlined approach aims to simplify the process for participants and ensure a focused competition. These criteria are designed to measure various aspects of the startup’s business model, innovation, market potential, and overall impact, ensuring a fair and thorough assessment of each participant’s potential for success in the fashion industry.

 

  • Innovation and creativity.
  • Market potential and scalability.
  • Business model and financial viability.
  • Team experience and commitment.
  • Sustainability and social impact.
  • Presentation and pitching skills.

APPLICATION PROCESS

  • Application period from June 1st, 2024 to August 15th, 2024.
  • Participants must purchase an Online Ticket to the EFS event.
  • Participants must complete an online form providing personal details, brand information and business rights.
  • Applications to be submitted via website.
  • Our expert panel will review each one to assess eligibility and alignment with contest criteria and select the top 10 finalists.
  • The 10 finalists will be announced and invited to pitch their brand and business models to our jury.
  • The winner will be announced towards the end of the EFS event.
  • The top 10 finalists will receive a complimentary EFS ticket to attend all events and conferences.

PITCH GUIDELINES

  • Finalists can use any type of audiovisual presentation to present their pitch
  • It must be a maximum of 15 minutes.
  • The presentation should include:
    1. Introduction.
      • Company overview & mission statement
    2. Problem Statement
      • Define the problem your brand addresses in the fashion industry
    3. Solution
      • Explain what makes your product/service unique and innovative
      • Describe the benefits and value your product/service provides to your target audience
    4. Market Opportunity
      • Provide data on the market size, growth potential and relevant industry trends
    5. Financials
      • Provide an overview of your current financial situation, including revenue, expenses, and profitability.
      • Highlight key milestones and achievements to date (sales figures, user metrics, funding rounds etc.)
      • Discuss the scalability of your business model and growth strategy
      • Share financial projections for the next 1-3 years, including expected growth and key financial goals.
    6. Team
      • Introduction, experience and expertise
    7. Closing
      • Conclude with a compelling call to action and how you’ll make the most out of this competition’s prize
  • Finalists must share their presentation to the EFS team by September 10

APPLICATION FORM


TIMELINE

  • Application period: JUNE 1st, 2024 to AUGUST 15th, 2024
  • Announcement of finalists: AUGUST 10th, 2024
  • Pitch sessions: SEPTEMBER 11th, 2024 [AM]
  • Final judging + winner announcement: SEPTEMBER 12, 2024 [PM]
TERMS & CONDITIONS

Contest Rules & Regulations

Intellectual Property Rights

Participants retain ownership of all intellectual property (IP) created or submitted during the contest unless explicitly stated otherwise in the contest rules.

Participants in the EFS Fashion Accelerator Contest expressly authorize the event’s organizers, either directly or through third parties, without territorial or time limit, by accepting these terms, to fix, reproduce, disseminate, and use by all written, spoken, and signed means, in any form, by any means, and on any medium, their name, image, and voice, and the general characteristics and name of the ideas or projects presented, respecting the provisions of the Intellectual Property and Confidentiality sections of this document, provided that the purposes are advertising, informational, and/or promotional related to the HEFS Fashion Accelerator Contest in any of its editions, formats, venues, and locations, without any right to compensation.

Measures will be in place to prevent unauthorized use or exploitation of participants’ IP. This ensures that all creative work is protected and respected.

Confidentiality Agreements

Both participants and organizers are obligated to maintain confidentiality regarding any proprietary or sensitive information shared during the contest.

Confidential information includes, but is not limited to, business strategies, trade secrets, product plans, financial data, and any other proprietary information disclosed during the contest.

All parties agree not to disclose confidential information to unauthorized individuals or entities. This agreement ensures that sensitive information remains secure and is only used for contest-related purposes.

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