H&M names 10 Global Change Award winners, has doubled the prize fund

It’s been a busy few weeks for award winner announcements and on Thursday, H&M Group named the winners of its Global Change Award, its “early-stage innovation challenge seeking bright minds that can transform fashion”.

The winning solutions

There are 10 winners, sharing a €2 million grant from the non-profit H&M Foundation and they cover a big range of subjects. Think recyclable and biodegradable polyurethane, food waste polyester, circular dyeing, natural bio-colours, ultra-high-performing textiles, seaweed material, AI textile sorting, corn husk and sugarcane fabric, a zero waste pattern system, and textile-to-textile recycling for polyesters.

With the “ultimate aspiration of a planet positive fashion future”, this year, H&M Foundation has doubled both the grant and the number of recipients “to speed up the transformation”.

So who are this year’s winners? Under the Material heading, there’s the UK’s Algreen and Nanoloom, Alt Tex from Canada, India’s KBCols Sciences; PhycoLabs from Brazil and Rethread Africa from Kenya.

Under the Recycling heading, there are two US firms — Refiberd and Tereform — plus the UK’s DyeRecycle.

And there’s one company in the Design category — US-based SXD.

Each of them will receive €200,000 and embark on a year-long GCA Impact Accelerator. H&M Foundation has linked with GCA’s core partners Accenture, KTH Royal Institute of Technology and The Mills Fabrica to offer “tailored coaching and support to accelerate their journey from idea to scale”.

The H&M Foundation and Group don’t have any shareholder equity or intellectual property rights in the innovations and the winners can choose which people and firms to collaborate with.

Christiane Dolva, Strategy Lead, H&M Foundation, said: “There’s a wide range of solutions among this year’s winners. If scaled, I believe they could have a real impact on the industry – which needs a holistic transformation if we are to reach a planet positive fashion future. We look forward to working with the winners during the accelerator and help enable their innovations to accelerate and scale.”

Meanwhile, Karl-Johan Persson, H&M Foundation board member and chairman of the Swedish fashion giant, added: “We have an urgent opportunity to support innovations that could transform the entire fashion industry – that’s why we’re doubling the grant and the number of winners. We’re giving these innovators a total of €2 million and access to our accelerator programme – but we’re also giving the industry an opportunity to connect with these brilliant innovators. I’m excited to see the impact these innovators will make on the industry.”

Copyright © 2023 FashionNetwork.com All rights reserved.

Credit: Source link






The Beauty Product Cameron Diaz Says Is ‘Folklore’

A Drew Barrymore–designed air-fryer, a super fancy, super luxe turquoise knife, and a travel-approved sea salt tin are just some of Cameron Diaz’s...

Do Luxury Stocks’ Record Valuations Reflect Reality?

It isn’t just luxury products that are looking expensive these days.A share in Hermès International will now cost you €2,000 ($2,200) — enough...

THG ends Apollo talks, says performance continues to improve

THG shares continued their rollercoaster ride on Friday, dropping 13% in early trading after the company said that it's no longer in talks...

A Few Reasons for the Fashion Industry to Be Optimistic

In the dog days of August, when there isn’t much on the fashion calendar, let’s look at some reasons to be optimistic heading...

I’m One Week Out from a Breast Lift and These Are the Things No One Told Me

Just one week ago I underwent a breast lift procedure that totally transformed what I used to call my “tube sock” breasts....
en English