LVMH created the LVMH Innovation Award in 2017 to recognize promising startups from France and other countries.
The award reaffirms the importance of initiative and new ideas, resonating with the Group’s core values of excellence, creativity, innovation and entrepreneurial spirit.
The LVMH Innovation Award is open to any startup created within the past five years with a valuation of under $100 million, fewer than 50 employees, and whose solutions are relevant to the challenges addressed by the LVMH Group and its Maisons.
Each year 30 startups are chosen as finalists and invited to be part of the LVMH Lab during the Viva Technology Show in Paris, which brings together the game changers who are driving the digital transformation around the world. Co-organized by Publicis Group and media group Les Echos, this major event – of which LVMH is a partner – enables businesses that are leaders in their industry to build strong relationships with startups and help them grow.
The finalists present pitches to a jury of recognized digital experts, which then selects the winner. The winning startup receives support and advice from LVMH Group investment specialists and develops a partnership with LVMH and its Maisons. Both the winner and the finalist startups selected for the LVMH Innovation Award also have an opportunity to join the LVMH program at the STATION F incubator.
The startups that have won the LVMH Innovation Award since its creation are Heuritech (deep learning), Oyst (e-commerce solution), VeChain (blockchain) and Kronos Care (post-purchase solution).