// Mango creates first fashion startup accelerator, the Mango StartUp Studio
// The project includes the participation of more than 50 companies
Mango has created its first fashion startup accelerator, the Mango StartUp Studio, in collaboration with the IESE Business School.
The project will have a budget of €3 million (£2.51 million) and includes the participation of more than 50 companies.
The Mango StartUp Studio will look for companies and ideas needing capital investment in the development phase.
READ MORE: Mango links business loan to sustainability targets
Mango hopes the project will promote innovation in the company, detect growth opportunities and participate in the development of new technology or business models.
According to CEO of Mango, Toni Ruiz, the new accelerator will also allow Mango to better understand the startup ecosystem, establish contacts with the main players in the sector and assess trends and new disruptive technologies.
The agreement with IESE Business School entails the support of the business school to Mango in the screening processes for initiatives, training of people and collaboration for meetings that help and promote networking among the selected entrepreneurs.
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