Hello Tomorrow, who runs an annual deep tech startup competition and has been a partner of L’Oréal since 2016, has established regional presence in Singapore since 2018 to increase its reach into the startup ecosystems in Southeast Asia, Hong Kong and Taiwan. On 7th Nov 2019, Hello Tomorrow Singapore held its regional summit. The 3 main themes for this year’s summit are: Human (digital health, biotechnology, drug discover), Machine (cybersecurity, AI, mobility, Industry 4.0, aeronautics), and Planet (environment, energy, smart city, food and agriculture, space).
This Summit was graced by the Ambassador of France H.E. Marc Abensour and CEO of the Agency for Science Technology And Research (A*STAR) Rear Admiral Frederick Chew. They visited the L’Oréal R&I booth and were shown examples of how L’Oréal uses technology to bring better products and services to our consumers. For example, the SpotScan mobile app by La Roche-Posay is the first personalized digital acne diagnosis tool powered by artificial intelligence. Co-developed with dermatologists around the world to build the most accurate and innovative algorithm, this acne diagnosis tool has been tested on over thousands of men and women with varied skin types and levels of acne severity. Also on display was the My Skin Track UV Sensor by La RochePosay, a wearable sensor that measures and tracks one’s personal UV exposure and provides pollution, pollen and humidity information based on one’s location. Using that information, the app offers personalised tips and skincare recommendations that can help improve the consumer’s healthy skin regimen.
Dr Fabien Cabirol (Head of Business Development Asia) also shared about the key principles of L’Oréal's sustainability strategy and Sharing Beauty With All at a panel discussion about the economic case for sustainability.
Ms Hsin-Han Chen (Digital Partnership Director, APAC) was a judge for the regional challenge, and Dr Mark Phong (Head of Advanced Research and Business Development Asia) awarded the winner of the Hello Tomorrow Singapore startup prize to Shiok Meats, a cell-based clean seafood startup. They will go on to participate at the global Hello Tomorrow Summit in Paris in 2020.
This partnership with Hello Tomorrow is part of L'Oréal’s Open Innovation strategy, which at the global level includes partnerships with Founders Factory, Partech International Ventures, Station F, Raise Ventures and our corporate venture capital fund BOLD (Business Opportunities for L’Oréal Development).
At a regional level, open innovation activities include the L'Oréal Innovation Runway startup challenge in Singapore, where the two winners Future Farms Agro Technologies (sustainable urban farming) and EcoWorth Tech (carbon fiber aerogel for removing waste) each won S$5,000 cash, S$50,000 Startup SG grant, and the opportunity to work with L’Oréal .
These activities reaffirm our enthusiasm and commitment in partnering closely with the local and global scientific and entrepreneurial community to co-develop innovative solutions for our consumers.