L’Oréal has named the 2023 winners of “L’Oréal North Asia Big Bang Beauty Tech Innovation Program” (Big Bang). The announcement was made at China International Import Expo (CIIE), in Shanghai.
Big Bang is the French beauty giant’s first regional open-innovation program focused on innovation, inspiration and co-creation for beauty solutions in China, Japan and South Korea.
The winners include 11 Chinese companies, 1 China-France track company, 3 Japanese companies and 2 Korean companies. According to L’Oréal, these companies demonstrated a wide range of cutting-edge technologies and innovations, covering operations, digital, research & innovation, sustainability, genetic AI, green sciences and beauty devices.
Big Bang winners will have the opportunity to explore potential co-development and collaboration with L’Oréal, join the North Asia Big Bang Entrepreneur Community for sharing and inspiration, and showcase their innovations at strategic regional and global platforms.
In parallel, L’Oréal also unveiled their “North Asia Big Bang Beauty Tech Innovation Incubation Exhibition”, a regional beauty innovation showcase where 16 overseas Big Bang participants from Japan, Korea and China-France track, exhibit their pioneering technologies and innovations for beauty. Taking place during the China International Import Expo, the exhibition features a variety of innovative beauty solutions such as advanced biotechnology, material science, skin diagnostics, beauty devices and innovative beauty research and development technologies.
“We are excited to see the great results of North Asia Big Bang, thanks to the close collaboration of all our partners across the region. Congratulations to the 17 Big Bang winners who have demonstrated strong innovation potential for future beauty solutions. The opening of the 1st regional beauty innovation incubation exhibition at CIIE is a key milestone in our drive for open innovation and co-creation together with innovative businesses, partners and governments. With the unique and powerful ‘Beauty Triangle’ innovation ecosystem in North Asia, I am confident that Big Bang will continue to unleash the power of co-creation on disruptive beauty solutions across China, Japan and Korea, to inspire the world,” said Fabrice Megarbane, President of L’Oréal North Asia and CEO of L’Oréal China.