H&M Foundation continues it’s contribution

H&M FoundationIn 2019 edition, H&M Foundation awards awarded the €1 million grant to five winners, selected among some 6,000 projects at category of the Global Change. The Loop Scoop project by German company circular. fashion earned a €300,000 grant for providing information to designers on materials, cuts and production processes to optimise their work, also in terms of the products’ end-of-life management and recycling.

Swiss company Dimpora was awarded a €250,000 grant for its water-proof, biodegradable membrane made of minerals. The nettle farm project set up by Kenya’s Green Nettle Textile was awarded a grant of €150,000. The fourth Global Change Award winner Petit Pli also earned a €150,000 grant for its original approach to children’s wear. Finally, Peru-based company Le Gara was awarded a €150,000 grant for developing an alternative to leather.The five winners will also benefit from a one-year mentorship, allowing them to interact with H&M staff and travel to New York and Hong Kong to learn about the expectations of the US and Chinese markets. They will also meet corporate experts, like those from Accenture, a partner of the award. A major opportunity for these innovative start-ups to foster their growth.