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Who will succeed Toshi, a home shopping service solution? The LVMH group has just revealed the list of 18 luxury startups vying for the title Grand Winner of the LVMH Innovation Award 2023. They will also compete in one of the six business categories, and the winners will be chosen at the VivaTech trade show during the final on June 15.
These 18 finalists will be invited to present their solutions on the LVMH stand at Viva Technology, the global meeting place for startups and leaders. This trade show, created in 2016 with the support of the world’s number one luxury goods company, aims to bring together startups and large companies to celebrate and energize innovation.
In the footsteps of Toshi, winner of the 2022 edition
Last year, Toshi was awarded the LVMH Innovation Award on the Vivatech stage, succeeding the Swedish startup Bambuser. The ceremony was co-hosted by a virtual avatar named Livi: a first!
The event was doubly memorable with the exceptional presence of the group’s Chairman, Bernard Arnault, who presented the prize to the founder of Toshi, Sojin Lee.
This British startup brings the in-store customer experience into the comfort of the customer’s home.
Recognized by the group and the luxury sector, Toshi has accelerated its development and worked with some prestigious brands, such as Tiffany & Co, Berluti, and Rimowa.
“Like last year’s grand prize winner, Toshi, we look forward to accelerating the development of high-quality solutions that will take the luxury experience even further,” said Olivier le Garlantezec, Global Digital & Tech Partnership Director, LVMH.
A growing talent pool
The 18 finalists, announced again this year by the group’s avatar Livi – Virtual Innovation Insider – are competing for the 7th edition of the LVMH Innovation Award, a major competition for innovative solutions responsible for co-creating the conditions for a desirable future for luxury. In addition to the Grand Prix, each candidate is ranked in one of six categories, all of which address business issues for the industry: employee experience, distribution, industrial excellence, customer experience, brand image, and sustainable development.
This year again, the competition has generated a large number of applications. Olivier le Garlantezec, Global Digital & Tech Partnership Director at LVMH, praised the fact that “we attracted more than 1,320 candidates from 75 countries.” This figure is up from 950 start-ups who responded to the call in 2022. This a sign that luxury is increasingly credible in seducing the tech ecosystem.
The LVMH Innovation Award 2023 will also see the presentation of a special Data and AI prize, technologies at the heart of the public debate, and the challenges of personalizing the customer experience in luxury. This theme is also reflected in the choice of finalists.
This choice should not obscure the sector’s ecological transition challenge, which is reflected in the new brand platform, Savoir Faire Rêver.
On this subject, the group evokes “the Group’s fundamental vocation: that of making people dream through exceptional products and experiences created by its Houses, but also that of committing to a world of solidarity, sustainability, and desirability, a condition for a sustainable dream.”
While Luxury is committed to providing excellence in execution to its customers, it also cares for its employees. The group revamped its employer brand a few months ago under the slogan “It’s Everyone’s Business,” highlighting HR solutions to enhance the employee experience.
These are all elements that aim to solve the talent shortage in the sector, including in the tech sector, particularly in terms of data scientists.
This is a strategic function that the group intends to strengthen, particularly through its partnership with the Albert School of Business & Data in London, which aims to acculturate all employees to data management challenges, particularly in terms of artificial intelligence.
French tech in force
This new edition of the Innovation Award features no less than 11 French solutions out of 18.
Some well-known names in the national tech ecosystem include Livingpackets and its innovative reusable, secure, and connected packaging offering tracking, insurance, and payment functionalities.
Another familiar name – this time in the HR field – is Neobrain, a marketplace that uses artificial intelligence to facilitate internal talent mobility.
Another French company, METAV.RS – one of the exhibitors at NRF 2023 – is known for having already designed web3 retail experiences and virtual stores for fashion and luxury brands.
The competition also features nuggets from different regions of France.
Among them are Apollo Plus from Paris, which specializes in data monetization, Fabriq, an industrial performance management solution, and Bloom, which analyzes social networks for commercial prospecting purposes.
In human resources, there is the startup Skilleo, which gamifies recruitment to evaluate candidates’ soft skills.
Other startups include Releaf Paper from Lyon, which makes sustainable packaging from dead leaves, Ekoo from Lille, an audio platform that gives voice to product descriptions and consumer reviews, and Fosfor from Auvergne, a creative agency that designs a 3D holographic phygital screen to enhance the in-store experience.
Innovation made in Europe and the USA
This 2023 vintage of the LVMH Innovation Awards also features 3 European and 5 American startups.
In Europe, there is the London-based Save Your Wardrobe, a platform specializing in clothing repair and maintenance, and the Estonian Woola, which offers packaging made from sheep’s wool scraps to reduce plastic waste.
Again in the sustainable development category, the German company Bioweg seeks to replace microplastics and non-biodegradable polymers in cosmetic products with bio-based ingredients.
In addition to a greater representation of French startups, this edition is an excellent opportunity for American solutions. The New York-based Vidmob uses creative video analysis to improve advertising performance.
Other regions of the United States are also represented, such as Michigan with Wizaly, a startup from Chicago, a marketing allocation solution based on data to optimize the media mix. Badger Technologies is from Kentucky with a solution that translates speech into text on an intelligent badge for sales consultants to improve communication with deaf and hard-of-hearing customers.
Finally, California is not forgotten with Absolute Labs, based in San Francisco, which offers a platform that analyzes the blockchain for NFT pricing, web3 marketing, and Wallet messaging.
However, Lvmh is not losing sight of the Chinese market and proves it by pre-selecting in this list the American company Chatlab, which specializes in designing data-driven 360° experiences for the Chinese market, especially on WeChat. This is an excellent way to avoid multicultural difficulties.
These finalists will join the LVMH Startup House, the company acceleration program, where they will receive support, mentoring, and access to LVMH’s network of luxury industry experts.
To find out who will be awarded the coveted trophy on the big stage of the Viva Technology show… See you on June 15 for the final!
Summary of the 18 finalists
Employee Experience, Diversity & Inclusion
Badger (US), Neobrain (FR), Skilleo (FR)
Image & Media for Brand Desirability
Bloom (FR), Vidmob (US), Wizaly (US)
Immersive Digital Experiences
Absolute Labs (US), Fosfor (FR), Metav.RS (FR)
Omnichannel & Retail
Chatlabs (US), Ekoo (FR), Save Your Wardrobe (BRIT)
Operations Excellence
Apollo Plus (FR), Fabriq (FR), Livingpackets (FR)
Sustainability & Greentech
Bioweg (ALL), Releaf Paper (FR), Woola (EST)
Read also > Toshi wins the Grand Prize at the LVMH Innovation Awards
Featured photo : © LVMH[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
Who will succeed Toshi, a home shopping service solution? The LVMH group has just revealed the list of 18 luxury startups vying for the title Grand Winner of the LVMH Innovation Award 2023. They will also compete in one of the six business categories, and the winners will be chosen at the VivaTech trade show during the final on June 15.
These 18 finalists will be invited to present their solutions on the LVMH stand at Viva Technology, the global meeting place for startups and leaders. This trade show, created in 2016 with the support of the world’s number one luxury goods company, aims to bring together startups and large companies to celebrate and energize innovation.
In the footsteps of Toshi, winner of the 2022 edition
Last year, Toshi was awarded the LVMH Innovation Award on the Vivatech stage, succeeding the Swedish startup Bambuser. The ceremony was co-hosted by a virtual avatar named Livi: a first!
The event was doubly memorable with the exceptional presence of the group’s Chairman, Bernard Arnault, who presented the prize to the founder of Toshi, Sojin Lee.
This British startup brings the in-store customer experience into the comfort of the customer’s home.
Recognized by the group and the luxury sector, Toshi has accelerated its development and worked with some prestigious brands, such as Tiffany & Co, Berluti, and Rimowa.
“Like last year’s grand prize winner, Toshi, we look forward to accelerating the development of high-quality solutions that will take the luxury experience even further,” said Olivier le Garlantezec, Global Digital & Tech Partnership Director, LVMH.
A growing talent pool
The 18 finalists, announced again this year by the group’s avatar Livi – Virtual Innovation Insider – are competing for the 7th edition of the LVMH Innovation Award, a major competition for innovative solutions responsible for co-creating the conditions for a desirable future for luxury. In addition to the Grand Prix, each candidate is ranked in one of six categories, all of which address business issues for the industry: employee experience, distribution, industrial excellence, customer experience, brand image, and sustainable development.
This year again, the competition has generated a large number of applications. Olivier le Garlantezec, Global Digital & Tech Partnership Director at LVMH, praised the fact that “we attracted more than 1,320 candidates from 75 countries.” This figure is up from 950 start-ups who responded to the call in 2022. This a sign that luxury is increasingly credible in seducing the tech ecosystem.
The LVMH Innovation Award 2023 will also see the presentation of a special Data and AI prize, technologies at the heart of the public debate, and the challenges of personalizing the customer experience in luxury. This theme is also reflected in the choice of finalists.
This choice should not obscure the sector’s ecological transition challenge, which is reflected in the new brand platform, Savoir Faire Rêver.
On this subject, the group evokes “the Group’s fundamental vocation: that of making people dream through exceptional products and experiences created by its Houses, but also that of committing to a world of solidarity, sustainability, and desirability, a condition for a sustainable dream.”
While Luxury is committed to providing excellence in execution to its customers, it also cares for its employees. The group revamped its employer brand a few months ago under the slogan “It’s Everyone’s Business,” highlighting HR solutions to enhance the employee experience.
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Who will succeed Toshi, a home shopping service solution? The LVMH group has just revealed the list of 18 luxury startups vying for the title Grand Winner of the LVMH Innovation Award 2023. They will also compete in one of the six business categories, and the winners will be chosen at the VivaTech trade show during the final on June 15.
These 18 finalists will be invited to present their solutions on the LVMH stand at Viva Technology, the global meeting place for startups and leaders. This trade show, created in 2016 with the support of the world’s number one luxury goods company, aims to bring together startups and large companies to celebrate and energize innovation.
In the footsteps of Toshi, winner of the 2022 edition
Last year, Toshi was awarded the LVMH Innovation Award on the Vivatech stage, succeeding the Swedish startup Bambuser. The ceremony was co-hosted by a virtual avatar named Livi: a first!
The event was doubly memorable with the exceptional presence of the group’s Chairman, Bernard Arnault, who presented the prize to the founder of Toshi, Sojin Lee.
This British startup brings the in-store customer experience into the comfort of the customer’s home.
Recognized by the group and the luxury sector, Toshi has accelerated its development and worked with some prestigious brands, such as Tiffany & Co, Berluti, and Rimowa.
“Like last year’s grand prize winner, Toshi, we look forward to accelerating the development of high-quality solutions that will take the luxury experience even further,” said Olivier le Garlantezec, Global Digital & Tech Partnership Director, LVMH.
A growing talent pool
The 18 finalists, announced again this year by the group’s avatar Livi – Virtual Innovation Insider – are competing for the 7th edition of the LVMH Innovation Award, a major competition for innovative solutions responsible for co-creating the conditions for a desirable future for luxury. In addition to the Grand Prix, each candidate is ranked in one of six categories, all of which address business issues for the industry: employee experience, distribution, industrial excellence, customer experience, brand image, and sustainable development.
This year again, the competition has generated a large number of applications. Olivier le Garlantezec, Global Digital & Tech Partnership Director at LVMH, praised the fact that “we attracted more than 1,320 candidates from 75 countries.” This figure is up from 950 start-ups who responded to the call in 2022. This a sign that luxury is increasingly credible in seducing the tech ecosystem.
The LVMH Innovation Award 2023 will also see the presentation of a special Data and AI prize, technologies at the heart of the public debate, and the challenges of personalizing the customer experience in luxury. This theme is also reflected in the choice of finalists.
This choice should not obscure the sector’s ecological transition challenge, which is reflected in the new brand platform, Savoir Faire Rêver.
On this subject, the group evokes “the Group’s fundamental vocation: that of making people dream through exceptional products and experiences created by its Houses, but also that of committing to a world of solidarity, sustainability, and desirability, a condition for a sustainable dream.”
While Luxury is committed to providing excellence in execution to its customers, it also cares for its employees. The group revamped its employer brand a few months ago under the slogan “It’s Everyone’s Business,” highlighting HR solutions to enhance the employee experience.
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