Partnership · Climate, Energy & Sustainability
Two Indian startups join L'Oréal accelerator cohort
By Startup Enthusiast ·
- Date
- Company
- Without
- What it does
- Climate tech recycling flexible packaging
- Kind
- Partnership
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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