Connect with us


H&M Foundation doubles grant to accelerate fashion industry transformation

H&M Foundation doubles grant to accelerate fashion industry transformation


The H&M Foundation describes the Global Change Award (GCA) as an early-stage innovation challenge looking for bright minds who can transform fashion.

Each year, the Foundation selects and supports the five most impactful innovations with the ultimate aspiration of a positive fashion future for the planet. This year, the H&M Foundation doubled the grant and winners to accelerate the transformation.

The ten winners of the 2023 GCA, sharing $2 million ($2.14 million) this year:

  • Algreen (UK) bio-based foams, adhesives and coatings made from natural sources
  • ALT-TEX (Canada) from waste to cupboard: transforming food waste into biodegradable polyester
  • KBCols Sciences (India) bio-fermenting textile dyes with the magic of microorganisms
  • Nanoloom (UK) Powerful high performance fiber powered by graphene
  • PhycoLabs (Brazil) Oceans of Opportunity: Making Seaweed Fibers That Drive Social Innovation
  • Rethread Africa (Kenya) Regenerating agricultural waste into bio-based synthetics
  • DyeRecycle (UK) Renewed colours: extraction and transfer of dyes from old to new fabrics
  • Refiberd (USA) Adding the speed of light and laser precision to textile sorting using AI and spectroscopy
  • Tereform (USA) Enable circular solutions for hard-to-recycle textile waste
  • SXD (USA) AI-powered platform transforming design concepts into zero-waste models

The H&M Foundation explained that the GCA was launched to provide the tools, connections and resources needed to take early-stage innovations from idea to scale as quickly as possible.

Winners will receive 0.2 million each and embark on the year-long GCA Impact Accelerator. The Foundation, together with key GCA partners, Accenture, the KTH Royal Institute of Technology and The Mills Fabrica, offers tailored coaching and support to accelerate the winner’s journey from idea to scale.

Until last year, five winners were chosen under GCA to share a grant of 1 million.

Karl-Johan Persson, Board Member of the H&M Foundation and Chairman of the H&M Group, said: “We have an urgent opportunity to support innovations that could transform the entire fashion industry. is why we have doubled the grant and the number of winners. We were giving these innovators a total of 2 million and access to our acceleration program, but also giving the industry the opportunity to connect with these brilliant innovators. I am excited to see the impact these innovators will have on the industry. »

Christiane Dolva, head of strategy at the H&M Foundation, added that there is a wide range of solutions among this year’s winners. Dolva continued, “If scaled, I think they could have a real impact on the industry which needs a holistic transformation if we are to achieve a positive fashion future for the planet. We look forward to working with winners during the accelerator and helping to enable their innovations to accelerate and scale. »

In addition, the H&M Foundation emphasized that neither the Foundation nor the H&M Group takes any shareholder equity or intellectual property rights in the innovations. The winners are free to collaborate with whoever they want.

Last month, the Foundation said it was expanding its inclusive circularity efforts in the Indian textile industry by welcoming two new partners who are developing circular textile waste models with waste pickers in the lead role.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]