This year, the HM foundation awarded 10 innovators 200,000 euros each, amounting to 2 million euros in all, to scale their projects.
“There’s a wide range of solutions among this year’s winners,” Christiane Dolva, strategy lead at the H&M Foundation, said in a press statement. “If scaled, I believe they could have a real impact on the industry — which needs a holistic transformation if we are to reach a planet-positivefuture. We look forward to working with the winners during the accelerator and help enable their innovations to accelerate and scale.
Nanoloom’s chief executive officer Victoria Mataczynski offered a glimpse into the process. “Within the next year, we hope to launch our first product on the market and to scale our manufacturing. This requires determining our material’s most efficient initial end-product application, such as footwear or elastane, and working with industry partners to implement it.”
Since the award’s inception in 2015, the foundation has doled out more than 7 million euros for the sake of innovation. As with previous winners, this year’s cohort will become members of the alumni group, obtaining access to a valuable network for connection and collaboration, supported by H&M Foundation and partners. Neither the H&M Foundation nor the H&M Group take any equity or intellectual property rights in the innovations.
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