By 2030 the consumption of textiles and by will increase by 65% compared to 2015. The world is already using 1.6 planet's worth of resources ever year, we can help it by using creativity and innovative ideas to transform the fashion industry.
The non-profit H&M Foundation opens the fifth round of its innovation challenge: Global Change Award. Previous years have proven the success of this challenge, as we see winners move from the sketching table to the fashion market. More importantly, this challenge has had a positive impact on the new generation of creatives, scientists and entrepreneurs, highlighting the importance of reducing the environmental impact of the fashion industry.
Winners of this challenge get a 1 million euro grant to kick-start their project along with a space in the one-year Innovation Accelerator Program taking them to Stockholm, New York and Hong Kong. In the Program, H&M Foundation, Accenture and the KTH Royal Institute of Technology will support the winners in taking their ideas to the next level, with guidance on how to scale up quickly and maximise their impact on the fashion industry.
Erik Bang, Innovation Lead of H&M Foundation says that they will be looking for innovative ideas/projects that make it easier for consumers to act more sustainably, ideas that use technology and data that make the fashion industry smarter and solutions that facilitate design with circular intention.
Submission deadline is 16 October 2019.