Belfast fashion tech start-up Responsible invests £1.2m in new hiresBlathnaid O’Deaon February 21, 2022 at 06:00 Silicon RepublicSilicon Republic
Fashion tech start-up Responsible has invested more than £1.2m in its business to facilitate its expanding headcount. The company has already hired 11 new people and is looking to fill a further two roles at its Belfast headquarters.
Responsible has received £98,000 from Invest NI towards the creation of these jobs and the expansion of its operations. Invest NI will also assist the start-up with strategic business advice and support to protect its intellectual property.
Susan O’Kane, Invest NI’s eastern regional manager identified the business as a “high-potential start-up with vast potential in the dynamic sustainability sector.”
Responsible’s latest investment and jobs boost follows the £5m in funding it received following the closure of its $6.6m (£5m) seed funding round last month.
Founded last year, Responsible aims to promote sustainability in fashion by incentivising brands and consumers to buy, sell and trade clothes. It runs a ‘Buy Back’ programme which involves partnering with fashion brands directly to include them in the resale of used clothes and facilitates the consumers’ return process.
It is based in Belfast’s Weavers Court. The company’s founder and CEO Mark Dowds also set up a co-working space for local innovators and entrepreneurs, called Ormeau Baths.
According to Dowds, his experience developing the co-working hub opened his eyes to the region’s talent. “I’ve seen first-hand the high standard of talent on offer in Northern Ireland through the development of Ormeau Baths. I knew that this type of talent would be vital to our success, and we decided to base our HQ in Belfast, over New York, London or Amsterdam,” he said.
He first approached Invest NI last year for support in setting up Responsible. “We have a zero waste ambition for our business and need to be at the cutting edge of sustainable innovation if our business is to reach new markets in Great Britain and Europe. With Invest NI’s support we will establish an innovation hub here in Belfast that will help us unlock growth.”
Responsible has also availed of funding from Techstart NI, which is part of Invest NI’s ‘Access to Finance’ suite of debt and equity funds. It is part financed by the European Regional Development Fund under the EU Investment for Growth and Jobs Programme 2014–2020.
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