H&M offers €1 million for circular fashion ideas
29/08/2019
The Global Change Award was initiated in 2015 in collaboration with Accenture and the KTH Royal Institute of Technology. It has received over 14,000 entries from 182 countries.
"The Global Change Award has proven a great gateway for innovators to enter the fashion industry and transform it from the inside,” said Karl-Johan Persson, board member of the H&M Foundation and CEO of H&M.
Several of the previous winners have on-going cooperations and pilot projects with the industry, and some are already on the market.
“This year we are looking for innovations within three themes; ideas putting the consumer at the centre, digital ideas connecting the dots throughout the fashion value chain, and design ideas with a circular mindset – from garments to the packages we ship clothes in. The common denominator is the urgent opportunity the themes provide for fashion to operate within the planetary boundaries,” added Erik Bang, innovation leader at H&M Foundation.
To win, the innovation should have the potential to make fashion circular and to scale. Other criteria are novelty, that the idea is economically sustainable and that the innovation team is committed to making a difference.
Neither the non-profit H&M Foundation nor H&M Group will take any equity or intellectual property rights in the innovations.
Submission deadline is October 19 2019 and the five winners will be announced at the Grand Award Ceremony in Stockholm City Hall in April 2020.
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