Cosmetic

Unilever opens submissions for Positive Beauty Growth startup collaboration platform

The ‘Positive Beauty Growth’ platform was being led by Unilever’s beauty and personal care division with its flagship Dove and Love Beauty & Planet brands and The Unilever Foundry – the company’s collaborative innovation network that had already piloted more than 400 startup projects to date, including work with AI-powered skin care engine HelloAva. Via the latest collaboration platform, Unilever wanted to partner with startups, scaleups and entrepreneurs specialised in social commerce – a category set to pull in €2,912bn ($3,370bn) by 2028, with beauty and personal care growing at a CAGR of over 30% between 2021-2028, according to Grand View Research.

Livestream commerce, shoppable media and gaming commerce

“To bring this growth opportunity to life, the Positive Beauty Growth platform is especially interested in partnering with entrepreneurs, from seed startups to late-stage scaleups, in the field of livestream commerce, shoppable media, group buying and gaming commerce,”​ Unilever said.

It said beauty startup and entrepreneur partners would be selected towards the end of November 2021 following a series of pitch competitions and challenges. Submissions for those interested in joining the platform opened this week and were set to close on October 19, 2021.

Unilever said successful teams would be given the opportunity to “pilot their idea” ​in collaboration with some of the company’s leading global brands.

A two-way relationship with the global startup community

Sunny Jain, president of beauty and personal care at Unilever, said collaboration in the “mega-trends of the future” ​was a “strategic imperative for Unilever”.

Source Link


DISCLAIMER

This blog is for information purposes only. The content is not intended as medical advice, diagnosis, or treatment. Should you have a medical or dermatological problem, please consult with your physician. None of the information or recommendations on this website should be interpreted as medical advice.

All product reviews, recommendations, and references are based on the author’s personal experience and impressions using the products. All views and opinions are the author’s own.

This blog post may contain affiliate links. An affiliate link means we may earn a commission if you click on a link and make a purchase, without any extra cost to you.

Please see our Disclaimer for more information.

Related Articles

Leave a Reply

Back to top button