Global Change Award 2019: The Loop Scoop wins first prize

Stockholm - "Innovation is the key to complete circularity", said the H&M Group in a recent sustainability report. Looking to find this key, the Swedish fast fashion giant created the Global Change Award five years ago. The yearly competition culminates with a prize of 1 million euro (approximately 1.1 million US dollars or 850,000 pounds), distributed among five startups with promising ideas to make fashion more sustainable. All winners also participate in a one-year accelerator program in Stockholm, New York and Hong Kong, provided by H&M in partnership with Accenture and the KTH Royal Institute of Technology. FashionUnited attended the fourth edition of the Global Change Award ceremony, which took place earlier this week in Stockholm.