H&M Foundation launched Global Change Award in 2015, in partnership with Accenture and the KTH Royal Institute of Technology in Stockholm. It offers coaching and €1 million & funding to its winning inventors, and has attracted more than 8,000 entries from 151 different countries. The Swedish retailer’s non-profit H&M Foundation recently has launched the fourth annual edition of its Global Change Award, which will challenge trailblazers to submit ideas for creating a circular fashion industry. For its 2019 edition, the awards will focus particularly on digital innovations, how to recover and reuse waste, or ideas supporting a climate positive fashion industry
Last year, the prize money was divided among the five finalists via a public vote, with the largest portion of the funds being allocated to “Crop-A-Porter,” a concept designed to turn the harvest remains of crops such as hemp and bananas and turn it into useful bio-fiber for making textiles. The application process will remain open through October 17, with the winners announced in April 2019.