Charles Parsons is celebrating 100 years in business with the launch of a new proprietary innovation fund for young talent.
The fund is open to creatives who are involved in textile related businesses, and ready to move to the next phase of their growth with CP Ventures.
Group managing director Charles Parsons said this is an important milestone for Australia's largest independent textiles and fashion business.
“The group has always been focused on the principles of trusted, innovative partnerships.
"It is therefore appropriate to be launching CP Ventures in our hundredth year of business, knowing that we are laying foundations for another hundred years of successful Australian enterprise.
"We would like to connect the incredible internal talent within our organisation with external entrepreneurs, to enable cross-pollination.
"We believe new CP Venture partners will benefit from our wealth of experience, global networks and, where necessary, direct financial investment, to enable challenges and exciting joint enterprise."
Successful applicants to the CP Ventures fund will be offered access to Charles Parsons' business divisions, including homewares, garments, drapery and upholstery fabrics, garment components and textiles from manufacturing to finished products.
CP Ventures is open to all private businesses who have some relationship to the textile or clothing industries with a view to partnership.
The process begins through submissions at CP Ventures at www.charlesparsons.com.