Innovation

H&M Conscious Foundation assigns the Global Change Award

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Global Change AwardOn 10 February, HRH Crown Princess Victoria of Sweden awarded the winners of the first Global Change Award, an annual innovation challenge for circular fashion initiated by the non-profit H&M Conscious Foundation. Most votes, and a grant of €300,000, were awarded to the Finnish team for their “Making waste-cotton new; conversion of waste-cotton into new textile” project.

The other awards went to “The polyester digester – using microbes to recycle waste polyester textile” project (€250,000) from USA; to “An online market for textile leftovers – a marketplace for industrial upcycling of spill in production” (€150,000) from Estonia; to “100 percent citrus – creating new textile out of citrus juice production by-products” project (€150,000) from Italy; and to “Growing textile fiber under water – utilizing algae to make renewable textile” project (€150,000) from the Netherlands.

The award ceremony on 10th February marked the beginning of a one year innovation accelerator, provided by H&M Conscious Foundation, Accenture and KTH Royal Institute of Technology in Stockholm, Sweden. The program will help the winners develop their ideas, focusing on three main areas: circular economy, innovation and fashion industry connection.

To further accelerate the transformation towards a circular fashion industry, the Foundation is also launching the Global Change Award Network, an open-source database for innovations.