The H&M Foundation has announced that its Global Change Award is returning for 2022, after being paused by the pandemic, and is calling on early-stage innovations challenging to transform the fashion industry to apply.
“As we get ready to launch this new scope, we are excited to see the applications that we can find. Five winners will be selected by an international expert panel with extensive knowledge covering the global commons, fashion, business, investments, entrepreneurship and innovation. Each winner will receive a grant for 1 million euros, as well as access to the GCA Impact Accelerator for one year to accelerate their ideas and offer mentoring and support,” Karl-Johan Persson, board member of H&M Foundation and chairman of H&M Group, added: “The fashion industry urgently needs to absorb game-changing planet positive solutions. We are trying to speed up the process by supporting early-stage innovation and making them available to a wider market.”
The application period runs from August 25 to October 20 and the winners will be announced in April 2022.
