Sweden's H&M Foundation awards five innovations in the fashion sector
08 Apr 22 3 min read
The H&M Foundation launched the Global Change Award in 2015 to transform fashion and make it planet positive, in order for the industry to fulfil the UN Sustainable Development Goals by 2030. That means finding and supporting disruptive innovations that address one or several of the earth's global commons – land, water, oceans, climate and biodiversity. As the aim is to find innovations that allow major change for the entire industry the winners are free to collaborate with any actor they want, the company said in a press release.
The response from applicants was overwhelming and made it clear that there is no shortage of disruptive innovations out there. The momentum to transform the fashion industry into a planet positive one, to protect our planet and improve people’s living conditions has never been stronger. This year's winners are:
BioPuff by saltyco (UK) – A planet positive alternative to goose down, crafted from plants that heal damaged land.
- Swedish brand H&M launches organic cotton beachwear for summer
- Italian brand Geox’s sales down by 13.5% in Q1 FY24
- US’ Milliken & Company develops FR fabrics for NASA’s Artemis missions
- India-EFTA TEPA win-win for both sides: Industry
- US’ Gap & DÔEN collaborate for women's & kids' apparel collection
- Esprit Europe, German offshoots of Esprit Holdings file for bankruptcy
Biorestore (Sweden) – A laundry solution that restores old and worn garments to mint condition.
CottonAce by Wadhwani AI (India) – An AI solution that reduces pesticide use, increases yield and raises incomes for smallholder cotton farmers.
Re:lastane (China) – The first mild process making elastane and polyester blend fabrics recyclable.
Rubi (US) – Planet positive viscose and lyocell made from carbon emissions.
In addition to the financial grant, all five winners also get access to the one-year GCA Impact Accelerator programme provided by H&M Foundation in partnership with Accenture, KTH Royal Institute of Technology and The Mills, offering the winners invaluable coaching and support, along with a strong network and memories for life. The GCA Impact Accelerator aims to help the winning ideas scale at speed through business, technology, investor and innovation readiness, and industry access. It also offers winners a mix of inspiring digital sessions and meetups at key locations.
“The winners of the Global Change Award hold the key to the complex challenges we are facing and prove that it's possible to reinvent fashion. Their game-changing innovations are really inspiring and can help transform the fashion industry into a planet positive one,” Karl-Johan Persson, board member of H&M Foundation and chairman of H&M group, said in a statement.
Fibre2Fashion News Desk (GK)
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