H&M Foundation wants your groundbreaking ideas
... and there's €1 million on the table.
Yet again the non-profit H&M Foundation is calling for you to send in your most cutting-edge ideas. This is the third annual Global Change Award, which is an innovation challenge that strives to discover new fabrics, methods and techniques that can speed up the fashion industry's shift from linear and resource-inefficient to circular and green. Out of all applications the foundation receives (last year saw more than 2,800!), an expert panel will select five winners that will share a €1 million grant and participate in a one-year accelerator programme.
“The Global Change Award has really become a positive force in the fashion industry. It has proven to be a true catalyst for the winners, giving them support and access to a valuable network so they can bring their innovations to the market quicker and better prepared. I’m really curious to see what disruptive innovations we will receive this time,” says Karl-Johan Persson, CEO of H&M and board member of the H&M Foundation.
If you want to reinvent one of the largest industries in the world, this is the place to go.
ERIK BANG, INNOVATION LEAD AT THE H&M FOUNDATION
Already, the innovations from the past two years are starting to make an impact on labels and consumers around the globe. One of the first year's winners, a textile made from citrus juice by-products, has been picked up by Italian fashion powerhouse Ferragamo, and used as the sole fabric in one of the brand's collections.
“Winning the Global Change Award opens a lot of significant doors and provides a powerful boost through funding, coaching, access and validation that you probably can’t find elsewhere. If you want to reinvent one of the largest industries in the world, this is the place to go,” says Erik Bang, innovation lead at the H&M Foundation.
This year's judges include Steven Kolb, head of the Council of Fashion Designers of America, Vogue India editor-in-chief Bandana Tewari, Earth Guardians youth director Xiuhtezcatl Martinez, and seven other experts in fashion, environment and technology.
Once the deadline for the application closes on 31 October, the panel will review the candidates and select five winners. In the beginning of next year, a public vote will open where you'll be able to decide how the €1 million grant should be split.
Read more and apply now here.
The H&M Foundation is a non-profit global foundation, privately funded by the Stefan Persson family, founders and main owners of H&M. Its mission is to drive long-lasting positive change and improve living conditions by investing in people, communities and innovative ideas.
Since 2013, the Stefan Persson family has donated 1.3 billion Swedish krona (USD 177 million/EUR 144 million) to the Foundation.
The first Global Change Award was launched in August 2015 and is an innovation challenge in the fashion industry. This is one of the world’s biggest challenges for early stage innovation and the first such initiative in the fashion industry.
The H&M Foundation is privately funded by H&M’s main owners, the Persson family, and the H&M Group takes no equity or intellectual property rights in the innovation, since the end game is to inspire and develop the fashion industry as a whole.
Follow H&M Foundation on Instagram