Global Change Award
Named the Nobel Prize of fashion, Global Change Award aims to reduce fashion’s impact on the planet and protect our living conditions by calling for ideas to make the fashion industry circular. It takes on one of the biggest challenges facing today’s fashion industry – to create fashion for a growing population, while improving its impact on the environment.
The Global Change Award has become one of the world’s biggest challenges for early stage innovations, and the first such initiative in the fashion industry. Each year we call for ideas that could potentially reinvent the whole fashion industry and has so far received over 20,000 entries from more than 200 countries and territories. The spotlight is on the game changers of tomorrow. It is at this earliest stage where H&M Foundation can provide resources, access and skills and make the biggest difference. Access to capital, know-how and business support is scarce, and many great ideas never get to see the light of day. These ideas are the ones Global Change Award want to find, to give them the support needed to make a difference.
Besides sharing a grant of 1 million euro, the winners embark on a one-year Innovation Accelerator Program. The aim of the program is to take the innovations to the next level, bring them to scale and out on the market as quickly as possible, to maximize their impact on the industry. This tailor-made program is provided by the H&M Foundation in partnership with Accenture, one of the world’s foremost strategy and consulting companies, and the KTH Royal Institute of Technology in Stockholm, one of Europe’s leading technical and engineering universities. Throughout the year, the winners get continuous support and individual team coaching through the H&M Foundation, Accenture and KTH.
The winning innovations from 2020 include lab-grown cotton, creating fabrics from protein DNA, tracking sustainable fibres by using blockchain technology, wastewater separation and converting carbon dioxide into sustainable polyester. An Expert Panel, chosen for their extensive knowledge within fashion, sustainability, circularity and innovation, help selecting the five winning innovations. All members of the Expert Panel work pro bono.
Neither the H&M Foundation nor H&M group take any equity or intellectual property rights in the innovations. Learn more at globalchangeaward.com.