Your website also says: "We will launch with a capsule collection created through collaboration between designers, technicians, and craftspeople focused solely on maximizing what makes Squitex special." In what stage is this capsule collection right now? Which are the apparel segments that you are looking at?
Melik Demirel: We promote it worldwide using an experimental direct-to-consumer strategy business: www.sonachic.com
Knitting with sustainable fibres like Procell offers a unique opportunity to create eco-friendly textiles while promoting a more mindful approach to crafting. Procell fibre requires minimal water and no pesticides to cultivate, making it an attractive alternative to traditional fibres. When knitted, our protein based yarn creates a durable, breathable, and moisture-wicking fabric perfect for garments like sweaters, hats, and scarves. As the demand for sustainable textiles continues to grow, knitting with eco-friendly fibres like Procell reduces our environmental footprint and fosters a deeper connection between the maker, the material, and the planet.
Plus, generative AI is revolutionising the fashion industry by enabling the creation of innovative, customised, and sustainable designs. At Tandem Repeat, we utilise machine learning algorithms on fashion images to generate AI models, producing high-quality, photorealistic designs for our sweaters and cardigans. These models can also be fine-tuned to include specific design elements, such as patterns, colours, and fabrics, allowing designers to explore new ideas and iterate on existing designs quickly. Furthermore, generative AI can help reduce waste and promote sustainability in the fashion industry by generating designs that optimise fabric usage, minimise waste, and incorporate eco-friendly materials. As technology advances, generative AI is set to transform the fashion industry, enabling designers to create groundbreaking, bespoke designs that cater to the needs of a rapidly changing market.
Please tell us more about plant molecular farming. How does it work in the context of Squitex?
Melik Demirel: As mentioned earlier, we used corn, which is one of the common plants, as our organism of choice for producing protein powder. However, this is not economically feasible at this moment and requires more work to bring it to fruition.
What are the business plans like? Would you be manufacturing yourself? Or, would you be licensing others to do too? What does the financial future look like?
Melik Demirel: We just finished the feasibility of the protein factory for commercial fibre production. Last year, we secured $1.5 million from the federal government (Defense Industrial Manufacturing Consortium) to assess the engineering feasibility of the factory. This involves life cycle analysis, technoeconomics, basic engineering design and feasibility, volume sensitivity, FEL 1&2, market analysis, factory layouts, supply chain, and more. The next phase is the building phase, which will require $100 million, and we are currently awaiting funding from the government or private investors for this exciting venture.