Applications are open for startups in the Big Bang Beauty Tech Innovation Program 2024. It is L’Oréal SAPMENA‘s first open innovation initiative, featuring a startup competition and pilot stage. This program spans countries across South Asia Pacific, the Middle East, and North Africa (SAPMENA) and aims to identify innovative startups to co-create future beauty tech solutions with L’Oréal.

Key Details and Dates

• Application Deadline: July 13, 2024
• Regional Semi-finalists Notified: 3-5 weeks post-deadline
• Shortlisting Applications: August 2024
• India Semi-Final Shortlisting: September 11, 2024
• Southeast Asia Semi-Final Shortlisting: September 30, 2024
• Grand Finale Shortlisting: October 23, 2024
• Funding Type: L’Oréal-funded co-pilot opportunities
• Organizer: L’Oréal
• Eligible Countries: South Asia Pacific, Middle East, North Africa
• Eligible Gender: All
• Target Group: Startups in beauty tech
• Focus Area: Beauty tech innovation
• Number of Opportunities: Up to 10 finalists
• Duration: The program runs from May to October 2024
• Program Language: English
• Host Country: Online regional semi-finals, in-person Grand Finale in Singapore

Benefits and Financial Aids

The winners of the program will benefit from the program as follows:

• Trip to Singapore for the Grand Finale
• Inside tour of L’Oréal SAPMENA’s brands, functions, and facilities
• L’Oréal-funded co-pilot opportunity with SAPMENA markets and brands
• Access to L’Oréal’s global network and resources
• Personalized mentorship with L’Oréal experts and partners

Eligibility Criteria

Applicants should meet the following criteria:

• Applications are welcome from startups of any size and stage meeting L’Oréal SAPMENA criteria
• Preference for early to mid-stage startups fitting challenge themes
• Encouragement for applications from companies at all fundraising stages
• Emphasis on transformative potential benefiting from program curriculum and mentorship
• Welcome to startups of any size and stage meeting L’Oréal SAPMENA criteria
• Focus on leveraging advanced technology for Beauty Tech development
• Opportunity for mature technologies to accelerate industry transformation

Required Documents

Prepare these materials for your application:

• Online application form
• 2-minute video pitch
• Pitch deck including:
  • Problem/Unmet Need
  • Market Information
  • Solution/Technology Overview
  • Competitive Advantage
  • Validation
  • Value Proposition
  • Business Model
  • IP Status
  • Key Milestones/Timeline
  • Team and Advisors

Selection Criteria

The following are the selection criteria:

• Innovation: Seeking novel and proven technology-driven solutions with an existing customer base
• Scalability: Preferring businesses with stable and scalable models for broad growth potential.
• Sustainability: Favoring startups with sustainable practices and mindset
• Impact on L’Oréal: Prioritizing solutions addressing significant problems for L’Oréal.

How to Apply?

Application

• Submit the necessary documents via the link below
• Select your business region (India or Southeast Asia).

Semi-Finals

• Applications reviewed by the
• Ten startups will get shortlisted for virtual regional semi-finals.
• Shortlisted candidates will receive notification within 3-5 weeks before the semi-finals.

Grand Finale

• Up to 10 finalists from each regional semi-final advance.
• Grand Finale in Singapore, home of L’Oréal SAPMENA.

Apply Now

Further details are available on the official L’Oréal website, or you can check the FAQs.

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