L’Oréal Big Bang Beauty Tech Innovation Program

The Big Bang Beauty Tech Innovation Program is L’Oréal SAPMENA’s inaugural open innovation venture, featuring a startup competition and pilot stage.

Aims

• Spanning countries across South Asia Pacific, the Middle East, and North Africa (SAPMENA), it aims to identify innovative startups that can help propel L’Oréal’s Beauty Tech ambition by co-creating solutions for the future.

Themes

• Consumer Experience
  • Using technology to design flawless online and offline experiences that drives consumer engagement with their brands in an appealing and personalized way.
• Content & Media
  • Seeking innovative solutions that enable the creation of high-quality, on-brand content at scale while analyzing and optimizing media.
• New Commerce
  • Reinventing or enhancing the existing e-commerce model to create exciting and engaging experiences for their consumers.
• Tech for Good
  • Harnessing the power of technology to drive positive social and environmental impact to foster inclusivity and enhance sustainability.
• Science for Beauty
  • Reinventing the future of beauty with green sciences & tech.

Benefits

• Trip to Singapore, home of L’Oréal SAPMENA (T&Cs apply) and inside tour of L’Oréal SAPMENA’s brands, functions, and facilities
• L’Oréal-funded co-pilot opportunity with L’Oréal SAPMENA markets and brands
• Access to the network and resources of the world’s biggest beauty company
• Personalized mentorship with key L’Oréal experts, leaders, and partners

Eligibility Criteria

• Although L’Oréal SAPMENA seeks early to mid-stage start-ups that fit the challenge themes, the Big Bang Beauty Tech Innovation Program encourages applications from companies at all stages of fundraising.
• Preference during the shortlisting process will be given to companies with transformative potential that will benefit the most from the Big Bang Beauty Tech Innovation Program curriculum and strategic partner mentorship. Startups of any size and stage are welcome to apply if they fit the needs and criteria that L’Oréal SAPMENA are looking for.
• They are looking forward to leveraging advanced technology across the industry to help the development of Beauty Tech. If your technology is mature and you have already thought and considered the value that the beauty industry can bring, L’Oréal is experienced to accelerate the transformation of cross-industry technology; if not, they can explore together based on the platform L’Oréal provides.

Selection Criteria

• Innovation
  • They are looking for novel yet proven solutions that are technology-driven and are backed by an existing customer base.
• Scalability
  • They want businesses with a stable and scalable model that can bring immense growth opportunities across their wide array of brands and markets.
• Sustainability
  • They want startups with a sustainable mindset and ideally, sustainable practices in place.
• Impact on L’Oréal
  • They are looking for effective solutions that solve important problems for L’Oréal in significant ways.

For more information, visit L’Oréal.