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Partnership · Climate, Energy & Sustainability

Two Indian startups join L'Oréal accelerator cohort

By ·

Date
Company
Without
What it does
Climate tech recycling flexible packaging
Kind
Partnership
Sector
Climate, Energy & Sustainability

What they do

Without recycles hard-to-recycle flexible packaging into durable materials

What happened

L'Oréal selected 13 companies from 8 countries for its second L'AcceleratOR cohort

Why it matters

The programme is backed by a €100 million fund and offers pilot projects

The details

  • L'Oréal selected 13 companies from 8 countries for the second cohort of its L'AcceleratOR programme.
  • Two Indian startups, Without and Nexus [Felis Leo Widgets], are included in the cohort.
  • The programme is backed by a €100 million (approx Rs 1,000 crore) fund.
  • The 13 companies will enter an acceleration phase led by the Cambridge Institute for Sustainability Leadership (CISL) innovation team.
  • Companies get access to L'Oréal global resources for 6-9 month pilot projects.
  • After the pilot, the solutions may be scaled across L'Oréal's group operations.
  • L'Oréal will launch a docuseries called 'Entering L'AcceleratOR' following three companies from the first cohort.

The bigger picture

  • The second edition expands geographical reach and covers wider sustainability challenges.
  • For the first time, the programme includes water technology startups.
  • Without previously won L'Oréal's SAPMENA Big Bang Beauty Tech Innovation Program.

About the business

  • Without is a climate tech company that recycles hard-to-recycle flexible packaging into durable materials.
  • Nexus [Felis Leo Widgets] develops energy storage batteries from agricultural waste.

What happens next

  • Companies will start pilot projects with L'Oréal's global resources.
  • Successful solutions may be scaled across L'Oréal's operations.

The deal

Type
other

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