5 Ideas That Could Transform the Fashion Industry

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CLOSING THE LOOP

“The response of the first Global Change Award is overwhelming,” Karl-Johan Persson, CEO of H&M and a board member of the H&M Conscious Foundation, said in a statement. “The winning innovations are important contributions in the journey towards a circular fashion industry. Now, we invite the public to use their voice and influence how much funding each idea should get.”

Voting is open from now through February 7. Besides the cash, award recipients will also gain admittance to an exclusive innovation accelerator-cum-boot-camp, where they’ll receive help from strategy consultancy Accenture and Stockholm’s KTH Royal Institute of Technology to bring their concepts to market.

Ellis Rubinstein, president and CEO of the New York Academy of Sciences and member of the jury said the five winners could conceivably change the fashion industry as we know it.

RELATED | H&M is Offering $1 Million for Best Textile-Recycling Innovations

“The Global Change Award rewards truly out-of-the-box thinking in utilizing advanced technological approaches to make the fashion industry more sustainable—for example, creating less environmental waste and using less energy—while making fashion products that are even more appealing,” he said. “In this sense, the five winning innovations all have the potential to be truly game-changing.”

Other members of the selection panel include Michael Braungart, academic chair of Cradle to Cradle for Innovation and Quality at Erasmus University Rotterdam; Rebecca Earley, professor in sustainable textile and fashion design at University for the Arts London; Eva Kruse, CEO of the Danish Fashion Institute and CEO of Copenhagen Fashion Week; Franca Sozzani, editor-in-chief of Italian Vogue; and supermodel and entrepreneur Amber Valletta.

CHECK OUT THE WINNING CONCEPTS >

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