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H&M Conscious Foundation gives €1 million grant to pioneering ideas closing the loop for fashion.

Today marks the launch of H&M Conscious Foundation’s Global Change Award – giving a €1 million grant yearly to pioneering ideas closing the loop for fashion. It will be one of the world’s largest competitions for catalysing green, truly ground-breaking ideas, and the first of its kind in the fashion industry. The aim is to identify and support breakthrough ideas in circular fashion – closing the loop for fashion and thereby protecting the earth’s natural resources. Five winners, selected by an international jury of experts, will share a budget of € 1 million and a tailored innovation accelerator for one year.

H&M Conscious Foundation is an independent, non-profit and global foundation funded by Stefan Persson and family. Karl-Johan Persson, board member of the H&M Conscious Foundation and CEO of H&M, says “ground-breaking, game-changing ideas can come from anywhere, so the challenge is open to anyone. Each year the Global Change Award aims to find the truly brave and bold ideas that make change. I’m also eager to see how the fashion industry as a whole will embrace the challenge of closing the loop”. More here.

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