The H&M Foundation Global Change Award is focused on finding early-stage innovations that will help speed up the shift from linear to a circular fashion industry. This year’s third edition of the Global Change Award saw 2,600 entries from 151 countries. The vote was open to the public, who were asked to decide how to split the 1 million euro prize by choosing 5 finalists.
This year’s 5 finalists are: Crop-A–Porte – textile from food crop harvest leftovers; Alga Apparel – algae dye; Smart Stitch – dissolvable thread; The Regenerator – cotton and polyester blends separation for recycling; Fungi Fashion – clothes from decomposing mushroom roots.
The winner receives 300,000 euro, the runner-up is awarded 250,000 euro and the remaining three get 150,000 euro each. All finalists also get access to a one-year accelerator program organized by the H&M Foundation, Accenture and the KTH Royal Institute of Technology in Stockholm.
“This year’s Global Change Award winners are about disrupting business-as-usual to help transition us to a low-carbon and circular economy,” Vikram Widge, who heads climate finance and policy for the International Finance Corporation, and was a member of the award’s jury, said to WWD Magazine.
The results of the votes will be available online and presented on March 20. This year’s Global Change Award is being attended by Dr Amanda Parkes, Chief Innovation Officer at Future Tech Lab, founded by Miroslava Duma, digital entrepreneur, investor and philanthropist. This year’s main topic is bridging fashion, technology and sustainability. H&M Foundation Global Change Award is an example of how technology can help fashion to become a more responsible industry.
Image source: www.globalchangeaward.com