H&M has opened applications for The Global Change Award, which aims to make the fashion industry more sustainable.

A €1 million grant provided by the H&M Foundation will be split between the five winning entrepreneurs to develop their ideas.

The winners of the grant are free to collaborate with whoever they want.

H&M said that ideas for the award should fall into one of three categories: regenerate, repurpose or reimagine.

Commenting on the news Karl-Johan Persson, board member of H&M Foundation and chairman of H&M Group said: "The Global Change Award has become a force to support early innovation and accelerate the transformation of our industry. It attracts some of the most disruptive and creative people I have ever met, and following their development is really impressive. I am excited to see what game-changing innovations the seventh round generates."

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