On April 3rd 2019 Vegea attended the Global Change Award ceremony and summit. The award has become one of the world’s biggest challenges for early stage innovations, and the first such initiative in the fashion industry. Each year they call for ideas that could potentially reinvent the whole fashion industry. It’s been called the Nobel Prize of fashion and has so far received over 14,000 entries from 182 countries.
Besides sharing a grant of 1 million euro, the winners embark on a one-year Innovation Accelerator Program. The aim of the program is to take the innovations to the next level, bring them to scale and out on the market as quickly as possible, to maximize their impact on the industry.
After 2 years since winning the first prize with its bio-based material from agro-industry waste, Vegea is getting continuous attention and support both from the Foundation and the H&M group.