MBA Competition
Global Change Award
January 31, 2020
What if we could reinvent fashion? What if we could make a shift from "take-make-waste" to a fashion world where there is no waste? What materials would we use? What would the processes and business models look like? We are looking for game changing ideas that can make fashion circular.
Description
The Global Change Award is an innovation challenge, initiated by non-profit H&M Foundation in 2015. By catalyzing early innovations that can accelerate the shift from a linear to a circular fashion industry, the aim is to protect the planet and our living conditions. We are looking for game changing ideas that can make fashion circular - and help protect our planet.
Five winners will share a €1 million grant and get access to a one-year innovation accelerator provided by H&M Foundation, Accenture and KTH Royal Institute of Technology in Stockholm.
The challenge is open to any individual and groups of up to 5 people.
What is the Global Change Award?
It is one of the world's most prominent challenges for early stage innovation, initiated by H&M Foundation. By catalysing green, truly ground-breaking ideas the aim of the annual challenge is to protect the planet by making fashion circular.
How does the challenge work?
Five Global Change Award entries are selected by an expert panel consisting of advisors with extensive knowledge in the fields of fashion, sustainability, circularity and innovation. The global public is then invited to distribute the €1 million grant between these five innovations, through an online vote. The innovation with the most votes receives €300,000. The idea with the second most votes receives €250,000 followed by the third, fourth and fifth most votes that receive €150,000 each. The five winning concepts also receive access to a one-year innovation accelerator provided by the H&M Foundation, Accenture and the KTH Royal Institute of Technology in Stockholm. The winners are revealed at a grand award ceremony in Stockholm, Sweden.
Five winners will share a €1 million grant and get access to a one-year innovation accelerator provided by H&M Foundation, Accenture and KTH Royal Institute of Technology in Stockholm.
The challenge is open to any individual and groups of up to 5 people.
What is the Global Change Award?
It is one of the world's most prominent challenges for early stage innovation, initiated by H&M Foundation. By catalysing green, truly ground-breaking ideas the aim of the annual challenge is to protect the planet by making fashion circular.
How does the challenge work?
Five Global Change Award entries are selected by an expert panel consisting of advisors with extensive knowledge in the fields of fashion, sustainability, circularity and innovation. The global public is then invited to distribute the €1 million grant between these five innovations, through an online vote. The innovation with the most votes receives €300,000. The idea with the second most votes receives €250,000 followed by the third, fourth and fifth most votes that receive €150,000 each. The five winning concepts also receive access to a one-year innovation accelerator provided by the H&M Foundation, Accenture and the KTH Royal Institute of Technology in Stockholm. The winners are revealed at a grand award ceremony in Stockholm, Sweden.