Cash Prize up to €300,000 in the Global Change Competition from H&M Foundation

Date limite : 16 oct. 2019

Bailleur de fonds: H&M Foundation

Spécialités: Beaux arts

Niveau d'études:

Consultée 141 fois

Cash Prize up to €300,000 in the Global Change Competition from H&M Foundation

H&M Foundation's Global Change Award is now open for those who want to apply. H&M Foundation is looking for early-stage innovation that presents new circular approaches with the goal to reinvent the fashion industry. Five winners are selected each year and get to share 1 million euro and embark on a one-year Innovation Accelerator Program.

The Competition Description:

The Competition is initiated to accelerate the shift from a linear to the circular fashion industry, to protect the planet and the humans' living conditions. This means changing the way garments are currently designed and produced, shipped, bought, used and recycled by adding disruptive technology, processes, or new business models.

Eligibility Criteria:

The followings are eligible to apply:

  1. Individuals or groups of two (2) to four (4) individuals from any country, eighteen years of age or older on the day of the submission of the Entry.
  2. All institutions and organizations (excluding solely commercial entities like corporations), domiciled in any country, and legally recognized as such in that country, in which all owners and/or leading persons are eighteen years of age or older on the day of the submission of the Entry.

The followings aren't eligible to apply:

  1. Employees and consultants of the H&M group or any entities owned in full or in part by the H&M group.
  2. Employees and consultants of KTH Innovation, Accenture or such other project partners as announced by the Foundation.
  3. Members of the expert advisory board.
  4. Immediate family members and/or household members of the individuals mentioned in this clause.
  5. Solely commercial entities.

Selection Criteria:

  1. Does the idea have the potential of making fashion circular?
  2. What is the level of impact and scalability of the idea?
  3. How economically sustainable is the idea?
  4. How novel is the idea?
  5. How well suited is the team to realize the idea?
  6. Would winning the Global Change Award make a difference for the team?

Benefits:

  1. First place winner €300,000.
  2. Second place winner €250,000.
  3. Third place winner €150,000.
  4. Third place winner €150,000.
  5. Third place winner €150,000.
  6. The winners get access to a one-year Innovation Accelerator Program provided by the H&M Foundation, Accenture and KTH Royal Institute of Technology in Stockholm.

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