H&M FoundationA waste-free fashion future is the bid behind the H&M Foundation’s Global Change Award – an initiative launched in 2015 by the non-profit arm of retailer H&M. “We are deeply glad that such a prestigious Foundation recognized the value of our innovation and strongly believed in it. The five teams now enter a one-year innovation accelerator, provided by the H&M Foundation in collaboration with Accenture and KTH Royal Institute of Technology in Stockholm. The program will help the winners develop their ideas, focusing on three main areas: the circular economy, innovation and fashion industry connections. Neither the H&M Foundation nor the company H&M will take any equity or intellectual property rights from the teams – instead they put the emphasis on collaboration in a broader sense.

Source: Forbes April 05, 2017 18:11 UTC