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LVMH has announced a call for applicants for its third Innovation Award

December 11, 2018 by Editorial Team

The LVMH Innovation Award is back.

Calling all startups: apply today for a spot in the 2019 LVMH Luxury Lab during the 2019 edition of Viva Technology next May 16, 17 and 18. The LVMH Innovation Award winner will receive personalized support for an entire year to drive its growth. All the finalists get exceptional exposure at the center of one of the world’s premier rendezvous for innovation.

LVMH Luxury Lab Viva Technology — @ Gabriel De La Chapelle

If you are selected, you will be showcased in your own booth within the LVMH Luxury Lab during the three days of the event.

The fourth edition of Viva Technology is set for May 16-18 in Paris. LVMH will once again be center stage at the event as a Platinum Partner. A good many of the Group’s Maisons will be on hand at the LVMH stand to showcase their latest innovations. They will be joined by some 30 luxury-related startups from around the world whose ideas and solutions are relevant to the luxury industry and propose ways to meet the challenge of “Crafting the customer experience of tomorrow”.

https://www.youtube.com/watch?v=W26vYFACP9U

“Help us go beyond by elevating and reinventing the customer experience of tomorrow,” says LVMH group. “We look for any relevant ideas related to the luxury sector or not, ranging from online and offline retail solutions, AR/VR or mixed reality tools, data and analytical systems, marketing and B2B solutions, forward-looking devices or services, and many more that can have an impact on how tomorrow’s luxury consumer experiences our Maisons,” explained the world leader in luxury.

To shortlist startups who will be invited to Viva Technology, LVMH has announced a call for applicants for its third Innovation Award. The award was launched with a highly successful first edition in 2017 and is open to all startups created less than ten years ago with a valuation of under $100 million, fewer than 100 employees and solutions that address the needs of the LVMH Group and its Maisons. Startups that meet these criteria are invited to apply directly on the LVMH Innovation Award website.

Through this award the LVMH Group actively supports young creative talents and stimulates new ideas by accelerating their growth and market traction. Previous winners of the LVMH Innovation Award were the startups Heuritech (deep learning) in 2017, followed by Oyst (e-commerce solution), VeChain (block chain) and Kronos Care (post-purchase experience) in 2018. Registration ends on February 15, 2019!

France is the (tech) place to be: Some of the essential events that took place at Viva Technology 2018

May 28, 2018 by Editorial Team

Viva Technology: Over 100,000 people from all over the world at the rendezvous for innovation and startups. An unprecedented participation of top speakers and game changers from all over the world. 2018 Viva Technology, the global rendezvous for startups and leaders, took up the challenge to raise the bar even higher this year. More … Read more

The second edition of the 2018 LVMH Innovation Award goes to Oyst 1-Click

May 28, 2018 by Editorial Team

Congratulations to Oyst, the runners-up Kronos Care and Vechain, and to all the other contenders.”

Oyst – Buy simply in 1-Click is the winner or the second edition of the LVMH Innovation Award. The trophy was handed at 2018 Viva Technology event in Paris, the rendezvous for innovation and startups. No more forms to fill out, passwords to remember, the blue card to go … With Oyst, buying on the internet has never been easier!

LVMH innovaton award 2018; Chairman & CEO Bernard Arnault announces the winner of the LVMH Innovation Award 2018; photo: lvmh

2018 Viva Technology, the global event for luxury startups and leaders, took up the challenge to raise the bar even higher this year. More than 100,000 attendees participated in the 3 days of VivaTech (2 days reserved for professionals and 1 day open to the general public) and were able to meet and initiate collaborations with the 1,800 startups either exhibiting or pitching, 1,900 investors and thousands of business leaders, as well as 1,900 journalists from around the world.

The second day of Viva Technology 2018 has commenced and not a single chair in the main stage area was left unoccupied as eager attendees awaited the announcement of the winner of this year’s LVMH Innovation Award.

“We had a record number of applicants this year.”, CDO of LVMH, Ian Rogers, called to the crowd as he stepped on- stage. “60% more applicants than last year. It was challenging to narrow that great pool of talent down to the thirty finalists sitting before me today, but with the help of our jury, we have selected a winner”.

Welcoming to the stage last year’s winner Tony Pinville, founder and CEO at HEURITECH, LVMH Chairman and CEO Bernard Arnault and his son Alexandre Arnault, CEO of RIMOWA.

“Thanks to this award, we had a major press coverage worldwide.”, says Pinville, “We are now starting to develop our business worldwide, in the US, in Europe and in Asia”. Handing over the microphone to the Group Chairman and CEO, Bernard Arnault echoes the words of his CDO: “This year, VivaTech becomes a real fantastic success. It’s a sign of the growing importance of France for technology and entrepreneurship. France is becoming—and I am very glad about this—an entrepreneur country and a tech country.”

Reiterating the importance of startups to the LVMH luxury group, Bernard Arnault continued, “Although we are the largest French company on the stock market, we try to stay mobile. We try to keep that real startup spirit.”.

Handing the microphone to his son to announce the winner, a tense moment of silence followed before Alexandre Arnault called out “OYST”. Ushered on-stage by the audience’s applause, Oyst Founder and CEO Julien Foussard thanked the jury, before touting his creation to the audience and the wider world watching: “When you want to buy a simple white tee-shirt on an e-commerce website, it takes eight steps. Why? Online check-outs are a major issue for merchants and consumers alike. Oyst has created a button that allows shoppers to make purchases in a single click without providing additional details.”

oyst innovation — photo: oyst.com/en/oyst-1-click/

Any information that is relative to your payments won’t be shared, say Oyst developers. Oyst 1-Click commits itself to optimize the security of your purchases. Oyst’s partner websites are verified and your transactions are controlled 24/7, say the developers.

Security is a major concern of Oyst. The startup is working with Adyen, one of the world’s leading online payment providers , to offer its customers reliable tools. The teams at the origin of the solution have developed in-house secure technology that makes it possible to identify users using biometric functionalities.

The Oyst solution was born in 2015, under the leadership of Julien Foussard and Quentin Vigneau, the two co-founders.

Julien Foussard (CEO) is a “serial entrepreneur” at the origin of seven start-ups in the e-commerce sector. He is the creator of IronGroup, which generated 100 million euros in revenue in 2016.

Quentin Vigneau studied at HEC Paris and Télécom ParisTech. A specialist in Big Data and online payment technologies, he worked at Worldline before creating Oyst. He is responsible for products and operations.

https://www.youtube.com/watch?v=cX_woFN7kdI

https://www.youtube.com/watch?v=GYFdt5sTyQU

Top 30 luxury startups for the 2nd edition of the LVMH Innovation Award 2018

April 16, 2018April 13, 2018 by Editorial Team

Now a premier event on the global innovation calendar, Viva Technology is set for May 24-26, 2018 in Paris. During the event LVMH, the biggest luxury group of the planet, will present the second LVMH Innovation Award to one of the 30 finalist startups who will be presenting their solutions at the LVMH Luxury … Read more

La Maison des Startups: LVMH to invest in startups whose solutions have potential in the luxury industry

April 11, 2018April 11, 2018 by Editorial Team

Innovation isn’t just a buzzword at LVMH luxury group, the French multinational luxury goods conglomerate headquartered in Paris. Collaborating with startups helps a luxury business stay abreast of both business opportunities and ways of working. A newly-announced LVMH initiative will welcome 50 international startups each year. LVMH announced the creation of an accelerator program at the STATION F startup campus in Paris.

The new “Maison des Startups” will accelerate collaboration between LVMH Maisons and startups.

LVMH to invest in startups whose solutions have potential in the luxury industry — New LVMH program will welcome 50 international luxury-related startups each year. photo: LVMH

As Ian Rogers, Chief Digital Officer at LVMH, says: “A healthy startup ecosystem is necessary for a healthy industry.”

“Innovation is an integral part of the history of our Maisons, which are often centuries old. This is why we know, perhaps better than others, how to find ways of working with startups that benefit us all,” commented Bernard Arnault, Chairman and CEO, LVMH.

With 89 work stations, the LVMH program at STATION F will welcome 50 international startups each year in two six- month terms. The first group joined the campus in November 2017.

Over half the startups that joined the program are identified through the LVMH Innovation Award, at the Viva Technology show, during which the Group welcomed more than 80 startups in 2016 and 2017, particularly in the context of the LVMH Innovation Award. Nearly all of them already work with some of LVMH Maisons (Moët Hennessy, Dior, Louis Vuitton, Sephora etc.). In addition, several LVMH employees whose projects won awards during different editions of the DARE LVMH initiative dedicated to intrapreneurship within the Group will also be welcomed at STATION F to launch their projects.

The LVMH program at STATION F lets entrepreneurs benefit from personalized coaching and support from LVMH group experts. A series of workshops will allow the startups to familiarize themselves with challenges facing the luxury industry, and pitch sessions will be regularly organized to let them present the evolution of their solutions to representatives of LVMH Maisons. Networking sessions will be on the agenda too.

“It’s a great challenge that awaits those who want to renew the luxury industry all the while maintaining it to the same level of excellence that it is known for, especially in France – who better than LVMH to support luxury startups at STATION F? We are proud to have them as partners,” said Roxanne Varza, Director of STATION F.

In January 2018, LVMH announced record sales of 42.6 billion Euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. In the same year, the net profit increased 29%.

Petit R – the new and unique immersive experience by Maison Ruinart

November 15, 2017 by Editorial Team

The first established House of champagne launches its last innovation.

Ruinart house, the oldest established Champagne house, exclusively producing champagne since 1729, presents “Petit R”, an immersive luxury champagne experience. Available with dinner reservations.

Maison Ruinart surprised again with its last innovation: “Petit R”. The immersive experience creates a contemporary vision of the Maison and the distinctive French art de vivre. This experience is available with dinner reservations in the reception room at Ruinart’s historic home at 4, rue des Crayères in Reims.

Ruinart, the first champagne house, founded in 1729 by Nicolas Ruinart, presents its latest innovation, dubbed “Petit R”. After an exclusive premiere at the Atelier LVMH during the 2017 edition of Viva Technology, Petit R now offers visitors a journey to the heart of the Maison’s rich history, using a process called anamorphosis.

To create this immersive experience, an animated film is projected on an equally immersive “screen” – a dinner table, set with plates, glasses and tableware. Petit R stages the rich history and heritage of the embodied by its founder, Nicolas Ruinart. Drawn by Japanese artist Kanako Kuno, the characters and places associated with Ruinart come to life before amazed guests.

Photographs credit: ruinart.