Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

H&M Foundation invites applications for 2nd edition of ‘Global Change Award’

H&M Foundation, the non-profit-making organization, announced the second edition of the Global Change Award on September 1. The open competition has been instituted for encouraging research to shift the fashion industry from linear to a circular one. The foundation, personally funded by the Stefan Persson family, has allocated €1 million grant to five innovations that can re-invent the fashion industry. The last date of submitting application for the award is October 31.

Clothing made of citrus by-products, microbes that digest waste polyester and an online marketplace for textile leftovers are some of the five disruptive ideas that shared the first €1 million Global Change Award grant last year. The first edition of the Global Change Award had received more than 2,700 applications from 112 countries.

Karl-Johan Persson, board member of the H&M Foundation and CEO of H&M said that after having a look at so many fantastic innovations from around the world that had the potential to transform the fashion industry, his company decided to announce the next round of the Global Change Award. Making the fashion industry circular is not just about recycling. To encourage ideas from a broader scope Global Change Award 2016 has three categories open for applications: Circular business models covering ideas on how to reuse, repair, share, digitalize or extend the life of products.

Circular materials looking for ideas on new fibres, recycling techniques, leather substitutes etc. and Circular processes aiming to find new methods around chemicals, water and dyeing, as well as 3D printing, demand-driven manufacturing etc. Annually, an expert panel selects five winners that share a grant of €1 million and gets access to a one-year innovation accelerator provided by the H&M Foundation, Accenture and the KTH Royal Institute of Technology in Stockholm. Global public is then invited to distribute the €1 million grant between the five innovations through an online vote. The result of the vote garnered would be announced at a grand award ceremony in Stockholm in April 2017.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo