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.
The 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 how to apply for the 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, these start-ups 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 insights to help catalyze the move to circular fashion were identified by leveraging Accenture’s capabilities in analytics and data visualization on the application dataset. Read more here.
Looking at key-words commonly used in applications for the Global Change Awards and applying analytics to identify patterns and clusters, five megatrends stand out: