ECODICTA

An innovative clothing rental solution as a sustainable alternative to the throwaway model of conventional fashion.

Investment conditions


Goal: 120,000 € - 150,000 €
Capital offered: 16.67 - 20.00 %
Minimum investment: 1,000 €
133,400 € FUNDED
111%
54 investors
142 followers
Project finished

PROJECT DESCRIPTION

"Clothes aren't going to change the world, the women who wear them will" - Anne Klein

ECODICTA is a circular wardrobe service that arises with the conviction of combining fashion and sustainability, helping clients to renew their wardrobe month by month, without accumulating. With the value of sharing as a driving force, ECODICTA seeks to extend the life cycle of garments with rental, reducing production through optimization.

Under a monthly subscription, users enjoy different garments every 30 days. This subscription includes washes, insurance and shipping. Furthermore, ECODICTA makes the service an experience: the subscribers decide their looks every month with the help of the stylists.

The values ​​of ECODICTA:

- Sharing: ECODICTA is about connecting people, sharing clothes and creating experiences, to enjoy fashion in community and without limits.

- Caring: ECODICTA seeks to share taking care of the garments, the people who produce them and the planet.

- Reuse: ECODICTA seeks to extend the life cycle of each garment, reduce consumption and therefore production, preventing more trees from being cut down or more rivers being polluted.

 

https://www.ecodicta.com/
Seed <br>capital
Seed
capital
TaxBenefit
Investment with tax benefits
?
Having the company less than 3 years of life, the investment has tax benefits. More information on Proposal-Additional information
Sustainable Development Goals (ODS)
Responsible Production and Consumption
Acción por el Clima

Raúl González Miguel
Founder & CEO

Raúl studied Political Science at the Carlos III University and completed a master's degree in International Relations at the Universidad Autónoma de Madrid (UAM). He has also done graduate programs on entrepreneurship such as the School of Industrial Organization (EOI). You have more than 10 years of work experience. He has worked in the Ministry of Foreign Affairs and in startups such as Just Eat.

Mercedes García Rivas
Founder & COO

Mercedes studied International Relations at Georgia State University, completed a master's degree at the Diplomatic School from Spain and the Circular Economy course at TUDELFT. She has more than 6 years of experience.

Mario Carreras Mabarak
Fundador & CTO

Computer scientist and web developer at IronHack School. He has over 12 years of experience in top-tier startups such as Just Eat, TJX, and Spotahome.

Marta Miguel Almagro
Estilista

Studies in Fashion and Design. More than 2 years of experience in fashion, in companies such as Inditex, Papiroga and Roca Mood.

Clara Carbajo Usano
Asesora de moda

Degree in Fashion, Design and Fine Arts. With more than 4 years of experience in fashion in brands such as El Ganso, Zadig y Voltaire y Pronovias.

PARTNERS AND ASSOCIATES

MENTORS AND ADVISORS:

  • Francesca Tur: CEO and founder of tendencias.tv.
  • Eugenio Solla: Director of Private Banking at Bankia.
  • Luis Moreno Ortí: Director of Innovation at Havas Media Group.
  • David López Puig: Director of People and Culture at Bankia.
  • David Alayón: CFO and co-founder of Innuba.

PARTNERS AND ALLIES:

  • Connector Startup Accelerator: accelerator of digital startups in the seed phase that is distinguished by a top-level mentoring, with investors such as Risto Mejide, Marc Vidal or Carlos Blanco, among others.
  • Asociación de Moda Sostenible de Madrid (MSMAD): an association that is committed to responsible, sustainable and soulful fashion, aware of its social transforming power and committed to nature.
  • Telelavo: the first artisan laundry startup that treats garments with ecological products and whose processes are designed to save water and energy.
  • Sustainable allied brands: ECODICTA collaborates with joint marketing and communication strategies with mainly sustainable and local brands such as CANUSSA, Roca Mood, Ropa Chica, Upcyclick, The Nordic Leaves, Hemper, Reverbere or ESGOA.

https://www.ecodicta.com/
Seed <br>capital
Seed
capital
TaxBenefit
Investment with tax benefits
?
Having the company less than 3 years of life, the investment has tax benefits. More information on Proposal-Additional information
Sustainable Development Goals (ODS)
Responsible Production and Consumption
Acción por el Clima

PROBLEM

Environment: The fashion industry is one of the most polluting in the world, given its overproduction and the great consumption of resources. Fashion is responsible for 20% of the toxins that are discharged into water and for 10% of carbon dioxide emissions. In recent years, our excessive consumption has exacerbated the problem, as garments went from being a valuable acquisition to a disposable purchase thanks to fast-fashion. (Source: Ellen McArthur Foundation)

Every year more than 100,000 million garments are produced in the world, but we use clothes less and less times. In Spain, for example, 76% of our wardrobe has not been used in the last 12 months. This under-use is highly damaging: when we wear a garment less than 5 times and discard it in 35 days, more than 400% of carbon emissions are produced than when we use a garment 50 times and have it for 1 year. In Spain alone, each person generates 14 kilos of textile waste per year and 85% of the clothing that is not used ends up in a landfill. If we continue to underuse clothing, by 2050 the fashion industry will use a quarter of the global carbon budget. (Source: Green Peace).

IMPACT MISSION

Promote responsible consumption: ECODICTA seeks to promote smart and responsible consumption by offering a service for the sharing of fashion items. Thanks to the rental, the users enjoy clothes temporarily without resorting to buying new products; they wear quality garments that are passed on to other users from month to month, lengthening the life cycle of each garment and saving the energy and resources required to produce new garments.

Promote the circular economy: ECODICTA is based on one of the basic principles of the circular economy: optimizing the performance of resources by distributing products, components and materials with their maximum utility. Beyond shared use, the company minimizes textile waste, incorporating upcycling and recycling processes into its system.

Promote local production and employment: ECODICTA seeks to add value to small local producers. Their shared wardrobe is largely sourced from sustainable brands and Spanish designers, with the aim of promoting local talent and offering a new avenue of business to brands that are starting their way in the world of fashion.

ODS INFORMATION

ECODICTA works on the following Sustainable Development Goals and targets:

SDG 12: Responsible consumption and production:

  • 12.4: Achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to the atmosphere, water and soil in order to minimize its adverse effects on human health and the environment.
  • 12.5: Significantly reduce waste generation through prevention, reduction, recycling and reuse activities.
  • 12.8: Ensure that people around the world have relevant information and knowledge for sustainable development and lifestyles in harmony with nature.

SDG 13: Take urgent measures to combat climate change and its effects:

  • 13.3: Improve education, awareness and human and institutional capacity regarding climate change mitigation, adaptation, reduction of its effects and early warning.

 

IMPACT TARGET GROUP

The groups benefited by the ECODICTA service are the following:

  • Women workers in the textile upcycling and recycling industry: At ECODICTA they offer job opportunities to women in danger of exclusion, paying for the work done to repair and customize the garments of the shared love.
  • Local and emerging designers, who benefit from the sale of products through their system.
  • Society in general, due to the lower negative impact of ECODICTA's activity on the environment.

IMPACT INDICATORS

1) Saving water: With each garment that is rented instead of buying it, 5,000 liters of water are not consumed.

2) Saving carbon dioxide: With each garment that is rented instead of buying it, 35 kg of CO2 are not consumed.

3) Hours of work invested in the transformation of garments: Repair and customization of garments in workshops in Spain and promotion of local employment.

4) People reached and aware of sustainability: Promotion of responsible consumption through communication actions on sustainability, and the values ​​of ECODICTA.

 

https://www.ecodicta.com/
Seed <br>capital
Seed
capital
TaxBenefit
Investment with tax benefits
?
Having the company less than 3 years of life, the investment has tax benefits. More information on Proposal-Additional information
Sustainable Development Goals (ODS)
Responsible Production and Consumption
Acción por el Clima