The Global Change Award is one of the world’s biggest challenges for early stage innovation and the first initiative of its kind in the fashion industry.
It was created by the H&M Foundation with the goal of identifying game changing ideas that can take fashion from linear to circular – and help protect our planet.
Each year, five winners share a €1 million grant and get access to a one-year innovation accelerator provided by the H&M Foundation, Accenture and the KTH Royal Institute of Technology in Stockholm.
Find out more and apply to Global Change Award here: https://globalchangeaward.com/
Accenture is proud to be involved in one of fashion’s most ground breaking initiatives and to contribute to a sustainable future.
As part of the accelerator program, Accenture provides the winners of the Global Change Award with leading expertise on the circular economy, innovation and business development.
Our Accenture teams also offer additional coaching and insights into the future of fashion and retail. We tie retail and customer experience to the circular economy, production and business strategy.
With this solid foundation, the innovators will have the knowledge and skills to scale and develop their ideas and truly make an impact in the fashion industry.
As part of our collaboration with the H&M Foundation and the Global Change Award, Accenture developed a report on how Fashion Tech can act as a driver of sustainable fashion. Unique patterns and new insight to help catalyze the move to circular fashion were identified by leveraging Accenture’s capabilities in analytics and data visualization on the dataset of over 8000 applications. Read more here.
Looking at key-words commonly used in the over 8000 applications for the Global Change Award and applying analytics to identify patterns and clusters, nine trending Fashion Tech concepts stand out. The concepts are divided into three main categories based on the characteristic of the technologies used: