The Rocky Mount Telegram
14, 2014 photo, Isabella Rose Taylor, 13, poses with her art work and clothing designs at her home, in Austin, Texas. Her fashion line is debuting at Nordstrom stores and shes set to hold her first show at New York Fashion Week. Taylor said she created a fall line with a street grunge vibe and modern hippie inspiration. (AP Photo/Eric Gay) Viewing Photo 1 / 4 In this Thursday, Aug. 14, 2014 photo, Isabella Rose Taylor, 13, poses with her art work and clothing designs at her home, in Austin, Texas. Her fashion line is debuting at Nordstrom stores and shes set to hold her first show at New York Fashion Week.
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Fashion startups getting a fillip here
“Asia is rising with a lot of young fashion talents and compared to overseas designers, they have a lot more support from the government,” Singaporean designer Sabrina Goh told CNBC. “It’s a good advantage compared to other regions like the U.S.” Goh’s ‘Elohim’ brand was first launched in 2009 with $12,000 of her own savings. After receiving a $50,000 grant from government enterprise agency SPRING Singapore, she finally opened her own store two years later and got to participate in one of New York’s largest trade shows last year. Entrepreneurs like Goh are increasingly benefitting as countries like Singapore, South Korea and Japan wake up to the multi-billion dollar potential of the ‘creative economy,’ a term encompassing sectors like culture, design and media. Creative industries are estimated to represent anywhere from 3 to 12 percent of global gross domestic product currently, according to the World Economic Forum (WEF).
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Fashion startups getting a fillip here – Yahoo Finance
After receiving a $50,000 grant from government enterprise agency SPRING Singapore, she finally opened her own store two years later and got to participate in one of New York’s largest trade shows last year. Entrepreneurs like Goh are increasingly benefitting as countries like Singapore, South Korea and Japan wake up to the multi-billion dollar potential of the ‘creative economy,’ a term encompassing sectors like culture, design and media. Creative industries are estimated to represent anywhere from 3 to 12 percent of global gross domestic product currently, according to the World Economic Forum (WEF). “Many politicians and business leaders look to the creative industries as a means of creating fast growth with a relatively low initial investment in soft infrastructure. They see these industries as a way of achieving stylistic and technological innovations, as well as advances in knowledge and economic development,” WEF said in its 2014-2016 outlook report. In 2013, SPRING Singapore launched a grant to help small and medium sized (SME) firms enter foreign markets, while this year marked the debut of a new program at the government-backed Singapore Fashion Week (SFW) aimed at popularizing local designers in the international marketplace. “Singapore is very supportive of new startups because we’re quite focused on trying to create a Singaporean brand,” noted local fashion mogul Velda Tan, who debuted her new clothing line at SFW this year.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/fashion-startups-getting-fillip-230721921.html
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