L’Oréal SAPMENA 2024 Big Bang Beauty Tech Innovation Program

Published: 28 May 2024

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

The challenge will focus on these 5 key themes:

• Consumer Experience: Using technology to design flawless online and offline experiences that drives consumer engagement with our brands in an appealing and personalized way.
• Content: Creating and/or adopting high-quality and on-brand content at scale.
• Media: Analyzing and optimizing media for efficiency and effectiveness.
• New Commerce: Reinventing or enhancing the existing e-commerce model to create exciting and engaging experiences for our consumers.
• Tech for Good: Harnessing the power of technology to drive positive social and environmental impact to foster inclusivity and enhance sustainability.

L’Oréal SAPMENA Big Bang Beauty Tech Innovation Program

Application Deadline	July 13, 2024
Funding Type	Partially Funded
Type	Entrepreneurs
Sponsor	L'Oréal Operations
Gender	Men and Women

Benefits of L’Oréal SAPMENA Big Bang Beauty Tech Innovation Program

• 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

Requirements for L’Oréal SAPMENA Big Bang Beauty Tech Innovation Program

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.

Selection Process

Selection Criteria

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

Timeline

• Open for Submissions (May): Identify a challenge your startup can solve and apply
• Application Deadline (July): Applications close 13 July, and the shortlisting process begins over the next 3-5 weeks
• Shortlisting Applications (August): L’Oréal will select top 20 startups for regional semi-finals (India & SEA)
• India Semi-Final (September 11): 10 startups are shortlisted for the India regional semi-finals, and 3 finalists will advance
• Southeast Asia Semi-Final (September 30): 10 startups are shortlisted for the Southeast Asian regional semi-finals, and 3 finalists will advance
• Grand Finale (October 23): Up to 10 Grand Finalists in total across the SAPMENA region will pitch at the Grand Finale in Singapore

Application Deadline

July 13, 2024

How to Apply

Interested and qualified? Go to L'Oréal Operations on bigbang.lorealsapmena.com to apply