Unilever has announced the launch of the Positive Beauty Growth Platform, a new initiative that aims to partner with scale-ups and startups to drive innovation and brand growth.
Through a series of pitch competitions and entrepreneurial challenges, the Positive Beauty Growth Platform invites the very best scaleups and startups from around the world to collaborate on projects at the forefront of innovation and technology in the beauty industry.
Unilever is reaching out to scaleups and startups operating in the fast-growing and evolving world of social commerce. In its broadest form, social commerce is the integration of social media and e-Commerce, using social platforms to sell and promote products and services. The global social commerce market is expected to reach nearly $3,370 billion by 2028, with the beauty and personal care segment projected to grow at a compound annual growth rate (CAGR) of over 30 percent between 2021-2028.
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. Successful teams will be given the opportunity to pilot their idea in collaboration with some of the world’s leading beauty brands.
The new initiative reflects Unilever’s Positive Beauty vision for a new era of beauty that is equitable and inclusive, as well as sustainable for the planet. Using Unilever’s world-class science, technology programmes and innovation partnerships, Positive Beauty is also helping to drive a transformation in how Unilever’s products are designed and marketed so that they do more good for both people and the planet, deliver a superior product experience and tap into consumer trends.
Submissions are open and innovative beauty industry scaleups and startups can apply here by 19 October 2021.