1. A Gateway for Filipino Startups
L’Oréal is opening doors for Filipino innovators through its Big Bang Beauty Tech Innovation Program, giving local startups the chance to partner directly with one of L’Oréal's 37 international brands. Participants will gain significant exposure in 35 markets within the South Asia Pacific, Middle East, and North Africa (SAPMENA) region.
2. Five Exciting Innovation Themes
Participants in the program will tackle five challenge themes, including Consumer Experience, Content & Media, New Commerce, Tech for Good, and the newly introduced Science for Beauty. These themes promise diverse and exciting avenues for innovation, addressing the latest trends and consumer needs in beauty and technology.
3. Year-Long Mentorship from Industry Leaders
Winning startups will enjoy a comprehensive mentorship program, gaining invaluable insights from senior executives from L’Oréal and its esteemed partners, which have previously included Accenture, Google, and Meta. This mentorship is a prime opportunity for learning, growth, and expansion.
4. Thriving Local and Regional Markets
With Filipino consumers increasingly embracing digital and personalized beauty experiences, the Philippines’ Beauty & Personal Care market is forecasted to hit approximately PHP 327.5 billion by 2025. Coupled with a robust digital economy expected to reach USD 35 billion by the same year, there's substantial potential for groundbreaking innovations and rapid market adoption.
5. Global Collaboration Opportunities
Beyond local and regional exposure, successful startups could potentially collaborate with L’Oréal on a global scale. The program provides access to L’Oréal’s extensive network of market insights and strategic partnerships, positioning innovative startups at the forefront of global beauty tech solutions.
If you're a startup passionate about revolutionizing beauty technology, don't miss this chance to collaborate, innovate, and expand your reach. Filipino startups eager to shape the future of beauty tech are encouraged to apply by May 30, 2025, to seize these exceptional opportunities.