BIG BANG BEAUTY TECH INNOVATION

Innovation

> How proven is your startup’s product/solution? 

> Who are your company’s customers and for how long have you had them?

> To what degree is the technology novel or proven?

> Is the solution easily replicable?

Scalability

> How scalable is your startup in terms of business model and technology?

Impact on L’Oréal

> How important to L’Oréal is the problem that your product/solution solves?

> How is your startup tackling the problem statement in a unique way?

> How thoroughly does your product/solution address the problem statement?

> Potential impact on the L’Oréal business (top line and bottom)

Sustainability

> Does your company take on a sustainability mindset?

> Do you have any sustainable practices?

TERMS AND CONDITIONS OF COMPETITION PARTICIPATION

By participating in the competition, the participant agrees to all and shall comply with the terms and conditions

Purpose of the L’Oréal Startup Competition
The purpose of the L’Oréal Startup Competition is to seek innovative technologies and solutions that may be utilised and commercialised in the market. All submitted applications will be evaluated, with the best submissions receiving opportunities to present to L’Oréal at the Grand Final Event.

Right to Participat
Any company or startup who is legally incorporated may participate in the L’Oréal Startup Competition.

Deadline for Participation
Applications must be submitted electronically by 15 JUL 2024 (23:59 SGT)

Procedure for Participation
Submissions in the competition must be entered in English via the dedicated website and relevant Google Forms. Your data will be processed in accordance with the Personal Data Protection Act (PDPA), Singapore.

Submitting an Application
Each participant must supply contact and company details that will be electronically saved, used and processed by the Organisers according to the consent gained from the participant in order to carry out the competition and assess the submissions. Each participant acknowledges that their contact details will be passed on to the official partners supporting the competition and organisation of the pitch and award ceremonies taking place. All solutions with completed mandatory fields by this deadline will automatically be entered into the competition. Submitted additional documentation will be shown to the partners assessing the applications.

The Organisers have the right to verify the eligibility of each participant. Applications that are incomplete or do not adhere to the rules or specifications may be disqualified at the sole discretion of the Organisers.

If the participant uses fraudulent methods or otherwise attempts to circumvent the rules, its submission may be removed from eligibility at the sole discretion of the Organiser.

Any ideas or applications found to be plagiarized, offensive, or unethical may be screened & disqualified

Evaluation Process
All completed submissions go through first filtering by a group of experts. After, the official L’Oréal judges evaluate and rate the submissions based on the following criteria:

• Product / Market Fit and startup maturity
• Relevance to L’Oréal
• Technology
• Sustainability
• Scalability
• Unique match with L’Oréal problem statement
• Unique match with areas of interest
• Piloting potential 

Selected applications will be notified by email on confirmation for details including date, time, mode of delivery and location (if applicable) of the Pitch events.

When is the deadline to apply?

You must have your application submitted by Friday 12 July 2024, 11:59PM Singapore Time.

Confidentiality
The personnel and experts involved in the organisation and evaluation of the competition are committed to treating all matters confidentially.

Startup competition winners, and their respective submissions will be identified and made public during the pitch and award ceremonies. Once the solutions have been awarded, the organiser takes no further responsibility regarding further cooperation between participants and the official partners, despite the awards

Privacy
By submitting an application, each participant agrees to the organiser disclosing the participant’s personal information to its sponsors, contractors, and agents to assist in conducting the competition and communicating with participants

Title and Intellectual Property
Intellectual Property Rights (“IPR”) means all intellectual property rights related to each solution or submission including, without limitation, patents (including utility models), pending patent applications, copyrights (including copyrights covering software or firmware), mask works on integrated circuit mask sets, design patents, and designs (whether or not capable of registration), chip topography rights and other like protection, trademarks and any other form of statutory protection of any kind and applications for any of the foregoing as well as any trade secrets or other intellectual property rights, whether in existence now or created, invented or developed in the future. 

Participation in this competition shall not modify, transfer or otherwise affect the title, right or ownership of any copyrights, patents, trademarks, trade names, logos or any other IPR existing in any submitted solution. Any and all such rights shall remain the exclusive property of the respective party and/or participant owning such rights.

L’Oréal reserves the right to use the winning products and the finalist submissions in any publicity or promotion relating to the competition after the winner is announced. L’Oréal may use a winner and/or finalist participants’ name, photos and videos (including the photos and videos taken of the finalists and winners in events and award ceremonies) and a description of the idea in any publicity or promotion relating to the competition and that L’Oréal has the right to publicize the winning prototype/product and the names of all the finalists and/or award winners, all without royalty or consideration. L’Oréal is not granting any IPR protection in connection with the competition and makes no warranties of any kind related thereto. Participants are solely responsible for protecting any and all IPR in any submissions and should do so before entering the competition. Despite all efforts taken by L’Oréal to keep the submitted solutions confidential prior to the publication of the product or prototype, each participant understands and agrees that L’Oréal does not assume any liability for any damage resulting from the submitted product or prototype becoming public.

Disclaimer of Liability
The organiser shall not be liable for any damage, loss, or injury suffered by reason of applying and participating in this competition. The organiser excludes liability for loss of income, loss of opportunity, personal injury, and damage to property, whether direct or indirect, consequential or foreseeable due to some negligent act or omission or otherwise.

The organiser accepts no responsibility for late, lost, incomplete, incorrectly submitted, delayed, illegible, corrupted or misdirected entries or correspondence whether due to error, omission, alteration, tampering, deletion, theft, destruction, transmission interruption, communications failure or otherwise.  The organiser has no control over telephone communications, networks, or lines and accepts no responsibility for any problems associated with them, whether due to traffic congestion, technical malfunction, or otherwise.  The organiser is not liable for any consequences of user error including (without limitation) costs incurred.