What you win
The five winners share a grant of 1 million euro and – perhaps more important than the financial contribution – get access to a one-year long Innovation Accelerator Program.
From lab-grown cotton and creating fabrics on DNA level, to tracking sustainable fibres by using blockchain technology, wastewater separation and converting carbon dioxide into sustainable polyester. These are the promising five winners of the Global Change Award 2020 who were revealed on April 1.
After the winners have been announced, the H&M Foundation, Accenture and KTH Royal Institute of Technology work closely with the winners throughout the year to give support and tailored coaching, pinpoint opportunities and connections to key players within the industry. Once the year is up, the winners are part of our Alumni network, which has shown to bring a lot of value for all – both winners and us.
With more than 20,000 entries from over 200 countries and territories received since its launch in 2015, the Global Change Award has become the go-to challenge for circular innovation, and has been called the Nobel Prize of Fashion. Watch the recap video from the 2019 announcement and celebrations.
The innovation accelerator
The Grand Award Ceremony marks the beginning of the Innovation Accelerator Program. The aim of the program is to take the innovations to the next level, bring them to scale and out on the market as quickly as possible, to maximise their impact on the industry.
In addition to the financial grant, the Innovation Accelerator provides the teams with tailor-made support, tools, access and exposure to leverage and develop their innovations in the best and quickest way.
Throughout the year, Accenture and KTH coach the teams based on their needs and goals, ranging from business development to communication training and management.
Through the H&M Foundation the teams get industry access across the value chain to fully leverage the momentum provided by being named a winner of Global Change Award.
As an added bonus, the winners and alumni support each other through the Innovation Accelerator, sharing key insights and experiences as they all have the common goal of reinventing the fashion industry.
“The Global Change Award helped us open doors to build a network and access confidential information in different points in the supply chains, which has been critical for us to develop the concept from an idea to actual business case. It has also helped us to grow our minds to think much bigger than we would have dared otherwise,” Ann Runnel, Reverse Resources, winner of Global Change Award 2016.
To connect the teams with the industry, boost their exposure and confidence and speed up the process of bringing their innovations to the market, we support the winners throughout the year in different ways.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 469,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Learn more at accenture.com
KTH Royal Institute of Technology (KTH) is one of Europe’s leading technical and engineering universities, as well as a key centre of intellectual talent and innovation. It is home to students, researchers and faculty from around the world dedicated to advancing knowledge and to integrating environmental and sustainable development perspectives into education, research and collaborations.
With around 50 teams working within the fields of environment and sustainable development research, KTH acts as a driving force for the development of sustainable technical and social systems. Adding extensive experience in innovation development, KTH Innovation supports KTH researchers and students in successfully bringing new technology to the market. Learn more at kth.se.