Global collaboration to close the loop for fashion
KTH is partnering Global Change Award, an international innovation challenge aiming to protect our planet and environment through innovative and cutting edge ideas.
In 2015, H&M Foundation with partners KTH and Accenture launched the global innovation challenge Global Change Award (GCA). Together all partners contribute to the competition through a tailored Innovation Accelerator that supports the winners in realising their ideas.
Ground breaking ideas for a more circular fashion industry
The annual challenge looks for ground breaking ideas and acts as a catalyst driving development for a more circular fashion industry. Anyone with an idea, regardless of previous knowledge, can join the challenge anywhere in the world. An panel of experts selects five winners each receiving a share of the EURO 1 million prize and a place in the innovation accelerator for a year. At each stage of the competition, the public is invited to vote for the innovations and influence how the prize money is split between the teams. The results of the global vote and presentation of the winners will take place at a ceremony in the Stockholm City Hall.
Accelerator for innovation
The year long accelerator program is kick started by a one week intensive boot camp following the prize ceremony. KTH Innovation is hosting this bootcamp on KTH campus. During the week, the teams get a crash course in evaluating their innovation as it currently stands and a guide to future development. Using the process that KTH Innovation has developed for all its innovation projects, we address all aspects of the "Innovation Readiness Levels" such as media training, agreements and legal issues, coaching and next steps.
GCA is today one to the largest competitions of its kind, and over 2.800 entries from 130 countries were submitted during last years' edition.
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New this year are the categories that the entries should fall into. They are Climate Positive, Digitalization and Waste. Lisa Ericsson, head of KTH Innovation, represents KTH in the partnershnip and this is her view on why KTH is the proud partner of Global Change Award for the third time running:
With the framework and tools that KTH provide as part of the Accelerator program, entrepreneurs can reduce development times by months or even years and ensure that the ideas they ultimately run with are the ones that will succeed on the market. In early innovation phases, like the Global Change Award, it’s just as much about supporting the people as it is about supporting their ideas. Our KTH Innovation Readiness Model gives winners a roadmap covering all major aspects of development and this, together with the grant, is what we believe will set them on the path to building a sustainable future, says Lisa Ericsson, Head of KTH Innovation.