The five winners share a €1 million grant, along with a one-year innovation accelerator program providing tailor-made support and invaluable access to the fashion industry. Last year, more than 2,800 applications from 130 countries were submitted. The third round is now opens for applications at globalchangeaward.com. “Now in its third year, 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, board member of the H&M Foundation and CEO of H & M Hennes & Mauritz AB. An Expert Panel with extensive knowledge within fashion, environment, circularity and innovation select the five winners, and it’s then up to the public to distribute the €1million grant through an online vote. Besides sharing the grant, the winners are provided with a one-year Global Change Award Accelerator Program that will speed up the development of their innovations and maximize the impact on the industry. The program will take the teams to Stockholm, New York and Shanghai, and is provided by the H&M Foundation in partnership with Accenture, one of the world’s leading strategy and consulting companies, and the KTH Royal Institute of Technology in Stockholm, one of Europe’s leading technical and engineering universities.
