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CAMBRIDGE, MASSACHUSETTS - The Queen of Raw platform that connects buyers and sellers of unused fabrics has won funding from the Massachusetts Institute of Technology's MIT Solve initiative.

Queen of Raw works to give new life to the estimated US$120 billion of unused fabric stowed away in factories by making it available to be bought and sold online through its marketplace.

"These materials end up burned or buried. And we're here to rescue them," said the fledgling company in a statement on its website.

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