‘The Billion Dollar Collection’, launched today by non-profit H&M Foundation, presents 10 innovative sustainable start-ups that could change the face of the fashion industry. Showcased as garments in a virtual fashion collection, each start-up features a price tag reflecting the estimated support each company believes they need to achieve scale for their disruptive innovations.
In April we met up with our GCA community for a virtual Alumni Week to connect and collaborate, and to infuse inspiration, energy and confidence into the GCA winners important quest of making the fashion industry more sustainable.
“Doing something for the first time means making mistakes. But learning from them is how you get things done,” says Erik Bang at H&M Foundation.
Our Innovation Accelerator Program for the Global Change Award winners is designed to accelerate the development of their innovations to reach the market quicker and therefore driving change in the fashion industry. This year, our Accelerator delivered knowhow from an impressive list of guest speakers, but it also played an important role in giving a sense of belonging and moral support to our winners because of the pandemic.
Cotton is certified, recycling is on the rise, value chain processes are improved – but it’s not enough. We need to look at the whole system and see how it can be changed from the ground up. With an ambition to find a truly sustainable solution for the fashion industry, non-profit H&M Foundation and The Hong Kong Research Institute of Textiles and Apparel (HKRITA) extend their collaboration for five more years in a new initiative called the Planet First program. Ground-breaking technologies are already being tested.
For the first time textile blends can be recycled at scale. Together with our ambitious research partner HKRITA, the forward-thinking textile manufacturer Kahatex, and a research team made up of retired, but exceptionally passionate and committed scientists – the fashion industry has taken a huge leap forward in the quest on creating a more sustainable fashion future.
As a non-profit foundation, our job is to influence the entire fashion industry to rethink how fashion is made, worn and reused. Why? Because there is no planet B. But the industry can’t solve the problem alone, they also need to have their customers onboard. So, let’s do this. Learn more how you with a few simple choices, can contribute to a better planet for generations to come.
With only 10 years left to reach the 2030 UN Sustainable Development Goals, disruptive innovations on how to solve the planet’s most urgent challenges are more important than ever. After five years of incredible innovations within circular fashion, we are now looking at how to extend the scope to create an even bigger impact. Therefore, the next round of Global Change Award will launch next year.
Through Global Change Award we support innovation to move from early stage ideas to market readiness. We are backing game changers in their early days, getting them ready to commercialize and work together with other players in the fashion industry.
Orange Fiber won the first Global Change Award winner in 2016 with their innovation of creating textiles out of by-products from citrus juice production. Since then, the have made collections with for example Italian luxury brand Salvatore Ferragamo and H&M. Here, co-founder Enrica Arena shares the story behind the company and about winning Global Change Award.