L'Or?al Selects 3 Domestic Startup Partners: D.Nature, VisualCamp, and PiQuant

[Asia Economy Reporter Hwang Yoon-joo] The Korea International Trade Association announced that three companies, including Piequent, were finally selected as collaboration partners of L'Or?al, a famous French cosmetics company, during a recent one-on-one video meetup between L'Or?al and domestic tech startups.

On the 12th, L'Or?al held an online meetup with full participation from its headquarters in France, Asia-Pacific branch, and L'Or?al Korea officials to find promising startups for collaboration in three areas: ▲consumer experience (virtual reality, augmented reality, etc.), ▲products (biotechnology, eco-friendly technology, etc.), and ▲operations (3D printing, Internet of Things, etc.).

Among 113 domestic startups, the three selected by L'Or?al were Dnature, which has natural ingredient extraction technology; VisualCamp, which provides eye-tracking solutions; and Piequent, which offers spectroscopy-based ingredient detection and analysis solutions. These three companies and L'Or?al will continue discussions for cooperation in technology licensing, product purchasing, investment, and joint solution development.

Ivan Rodriguez, Global Open Innovation Director at L'Or?al, said, "I was greatly impressed by the overall high level of technology of Korean startups," adding, "We expect opportunities for open innovation collaboration with Korean startups to expand in the future."

This content was produced with the assistance of AI translation services.