The IFC established the IAC in 2009. It fosters closer working relationships between the major industry associations in the fibre and textile industries and, in turn, to encourage the associations and their members to engage more with TAFE. RTOs and other specialist providers and to facilitate the development of education and training programs that meet the needs of the fibre and textile industries. The IFC provides annual block grants to the network for the delivery of training to the fibre and textile industry by conducting conferences, seminars and workshops on subjects for wider industry benefit in the area of innovative technologies, sustainable products and processes, global trends and best practice. Cross sectoral activities have been encouraged and activities are open to the members of all industry groups and non affiliated individuals and companies.
The Consortium includes the Council of Textile and Fashion Industries of Australia (TFIA), the Technical Textiles and Non-woven Association (TTNA), the Carpet Institute of Australia (CIAL) and the Society of Dyers and Colourists Australia and New Zealand (SDCANZ). Kangan Institute hosts the initiative and manages the IFC grant. It provides secretariat services including executive support, office space and meeting rooms at its Richmond campus.