Global collaboration to close the loop for fashion
KTH is a partner in the Global Change Award, an international innovation challenge aiming to accelerate a shift towards a circular fashion industry and to protect the planet and our living conditions.
KTH and Accenture are partners in the international innovation challenge Global Change Award, which was launched in 2015 by H&M Foundation. Five innovative and ground-breaking ideas that can contribute to a more sustainable fashion industry share a 1 million euro grant and each earn a place in the tailor-made innovation accelerator, where they receive support to realize their ideas.
Towards a sustainable fashion industry
The annual challenge looks for ground breaking ideas and acts as a catalyst for driving development for a more circular fashion industry. Anyone with an idea, from anywhere in the world and regardless of previous knowledge can join in the challenge. An expert-panel selects five winners, who each receive a share of the 1 million Euro grant and a place in the innovation accelerator. Each year, the winners are presented at a grand award ceremony in the Stockholm City Hall.
Global Change Award is one to the largest initiatives of its kind. Since the start in 2015, more than 14,000 entries from 182 countries have been submitted.
Accelerator for innovation
In addition to their share in the 1 million euro grant, the winners get access to a one-year accelerator program developed by H&M Foundation, Accenture and KTH Innovation. The program starts with a one-week boot camp in Stockholm, hosted by KTH Innovation on KTH Campus. Using the KTH Innovation Readiness LevelTM model, developed by KTH Innovation, the teams evaluate their current status, and identify where to put focus in the coming months.