Monday, September 25, 2023
News
NEWS HOME
PRN INDIA
H&M Foundation doubles GCA grant and winners to speed up textile industry transformation
  SocialTwist Tell-a-Friend  
   

Recyclable and biodegradable polyurethane, food waste polyester, circular dyeing, natural bio-colours, ultra high-performing textiles, seaweed material, AI textile sorting, corn husk and sugarcane fabric, zero waste pattern system, textile-to-textile recycling for polyesters – these are the ten Global Change Award winners 2023, sharing a €2 million grant from the non-profit H&M Foundation.

STOCKHOLM, June 8, 2023 /PRNewswire/ -- The Global Change Award is an early-stage innovation challenge seeking bright minds that can transform fashion. Every year, H&M Foundation selects and supports the five most impactful innovations with the ultimate aspiration of a planet positive fashion future. This year, H&M Foundation doubles both grant and winners to speed up the transformation.

"We have an urgent opportunity to support innovations that could transform the entire fashion industry – that's why we're doubling the grant and the number of winners. We're giving these innovators a total of 2 million euros and access to our accelerator program – but we're also giving the industry an opportunity to connect with these brilliant innovators. I'm excited to see the impact these innovators will make on the industry."Karl-Johan Persson, H&M Foundation board member and chairman of H&M Group.

The Global Change Award 2023 winners are:

Material

Recycling

Design

H&M Foundation launched the GCA to provide the tools, connections, and resources necessary for early-stage innovations to move from idea to scale as quickly as possible. The winners receive €200,000 each and embark on the yearlong GCA Impact Accelerator. H&M Foundation together with GCA's core partners Accenture, KTH Royal Institute of Technology and The Mills Fabrica offer tailored coaching and support to accelerate their journey from idea to scale.

"There's a wide range of solutions among this year's winners. If scaled, I believe they could have a real impact on the industry – which needs a holistic transformation if we are to reach a planet positive fashion future. We look forward to working with the winners during the accelerator and help enable their innovations to accelerate and scale."Christiane Dolva, Strategy Lead H&M Foundation.

Neither the H&M Foundation nor the H&M Group take any shareholder equity or intellectual property rights in the innovations and the winners can collaborate with whomever they want.

More information and visuals, free to use, here: https://hmfoundation.bynder.com/web/4e77ef953cd5943d/gca-2023---press-collection/

CONTACT: Jasmina Sofić, Media Relations Responsible, +46 73 465 59 59

Video - https://mma.prnewswire.com/media/2092833/HM_Foundation.mp4
Photo - https://mma.prnewswire.com/media/2092731/HM_Foundation.jpg
Logo - https://mma.prnewswire.com/media/2030483/4069144/HM_Foundation_Logo.jpg

GCA 2023 Winner Call

H&M Foundation Logo

Cision View original content:https://www.prnewswire.co.uk/news-releases/hm-foundation-doubles-gca-grant-and-winners-to-speed-up-textile-industry-transformation-301842499.html

More News by PR Newswire India

Huawei Launches the Global Intelligent Education Showcase to Accelerate Digitalization in Education

Xinhua Silk Road: China int'l service trade fair highlights new features of China's trade, open economy

Over 20,000 avail benefit at free mega health camp organised by Chandigarh Welfare Trust to celebrate 73rd birthday of PM Modi

Huawei Accelerates Intelligent Healthcare with the Innovative Digital Medical Technology Solution

Huawei High-Quality 10 Gbps CloudCampus Accelerates Intelligent Transformation Across Industries

Hexaware Appoints Anton Tomchenko as Chief Revenue & Solutions Officer for Digital & Software Services

Xinhua Silk Road: Dev't index witnesses progress of int'l shipping center construction in Shanghai

Pierre Fabre Laboratories and Vernalis announce a drug discovery collaboration in oncology

Religare Broking Takes A Global Leap to Serve NRIs: Hosted IGI Conference in Dubai

Artmarket.com: France obtains the maintenance of VAT at the reduced rate of 5.5% on the Art Market, a major victory with very considerable advantages according to Artprice.

Safer, Inclusive Schools Critical for Children's Learning: Coalition for Good Schools

LRQA verifies Bridgestone's plant in India as carbon neutral against international standard PAS 2060

A23 launches new brand campaign featuring Shah Rukh Khan; Unveils new A23 Poker app

VVDN Technologies and Axiado Collaborate on Open Compute Platform Compliant data center and Telco O-RAN servers

Huawei Upgrades the CloudWAN 3.0 Solution, Accelerating the Intelligent Era

Redefine Security with the All-New Huawei HiSec Intelligent Security Portfolio and the Powerful HiSec SASE Security Solution

Huawei Launches Three Product Portfolios for the Commercial Market to Build High-Quality Connections

GET THAT 'CAN'T WAIT TO WINTER' FEELING IN ABU DHABI

Come Discover Colorful Guiyang featuring "Thousand Parks, Thousand Paths"

Casio to Release League of Legends G-SHOCK Watches

Campus With A Conscience hosts a week-long UN festival

France Announces €40 Million in New Funding to Education Cannot Wait at Global Citizen Festival

CGTN: 'Heart to Heart': How can Hangzhou Asiad boost unity, friendship across Asia?

Education Icon Awards 2023 organized by Kiteskraft Productions LLP

Office of the Executive Committee of the WMC: Anhui Strengthens Scientific and Technological Innovation Capacity to Attract Multinational Enterprises

SAUDI ARABIA UNVEILS TOP TOURISM LEADERS AND GLOBAL MINISTERS IN SPEAKER LINEUP FOR WORLD TOURISM DAY 2023

TECNO Globally Launches PHANTOM V Flip 5G: Representing Flip in Style and Perfect in Pocket

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
'No need to mix two things': NCPs Jayan...
Maharashtra: Teenager found dead under m...
Nipah virus: Educational institutions to...
Earthquake of magnitude 3.0 hits Uttarak...
'We shocked the Parliament': AIMIM MP Ow...
Asaduddin Owaisi challenges Rahul Gandhi...
More...    
 
 Top Stories
Revolutionising Workspace Design wi... 
Maharashtra: This is a three party ... 
Religare Broking Takes A Global Lea... 
Tamil Nadu: Farmers protest with hu... 
Defence Minister Rajnath Singh inau... 
Babbar Khalsa International trying ... 
India smart TV market grew 8 pc fir... 
Reliance Foundation says #LehraDoTe...