H&M Foundation launches second cycle of Global Change Award 2016

London - The H&M Foundation has announced the launch of the second cycle of its annual competition the Global Change Award. The challenge, which was first initiated in 2015 by the non-profit organisation run by the Swedish fast-fashion retailer, spilt a 1 million euro grant (800,000 pounds) between five disruptive innovations which aimed to help the fashion industry shift from a linear model to a circular one.