The Spanish fast fashion giant, Inditex has been known for teaming up with universities. It is involved in educational projects with the University of La Coruna, University of Santiago de Compostela, University Pontificia de Comillas, the Polytechnic School of Catalonia and Tsinghua University School.
In its latest engagement, a multi-year agreement has just been declared between Inditex (Zara, Pull & Bear, Bershka, Stradivarius) and Massachusetts Institute of Technology (MIT). With this collaboration, the two giants would be conducting a joint research on sustainability and recycling of textile materials. They would also work on new lines of research related to data analysis.
MIT will be provided a total of 4 million US dollars by Inditex to fund the research activities. Inditex Materials Science and Engineering Fund will be given 1 million US dollars. This fund falls within the realm of MIT’s Department of Materials Science and Engineering and will be utilized for promotion of research into circular economy, logistics and supply chain management.
For MIT students, a programme has also been announced by Inditex. It will be dealing with the renewal of its scholarship for the students that would promote activities within the headquarters of Inditex in Arteixo, Spain.
1.2 million dollars would be allocated to the Institute of Data, Systems and Society for contributing to the research topics like artificial intelligence, automated learning and data science. On the other hand, 450,000 US dollars will be given to the MIT-Spain Inditex Sustainability Seed Fund over three years. This would be channelized towards conducting research on topics like new fibers, clean energy and logistics eco-efficiency at universities and research institutions in Spain.
Image Source: www.businessinsider.com