Present at the VivaTechnology innovation exhibition with its “Dream Box,” the LVMH group has recently announced the winner of its Innovation Award 2023, as well as the winners in different categories. Save Your Wardrobe was crowned the winner of the Innovation Award 2023. While competing in the “Omnichannel and retail” category, Save Your Wardrobe could have also excelled in the “Sustainability” category. This British-Tunisian startup, based in London, aims to be a platform dedicated to clothing repair and maintenance. They offer a B2C application that utilizes artificial intelligence to help users manage and maintain their wardrobes. Additionally, their B2B counterpart supports brands in optimizing the circularity of their products by analyzing descriptive messages and utilizing visual detection. Save Your Wardrobe had previously raised $3 million in funding, demonstrating their potential.
Save Your Wardrobe will now receive personalized support within LVMH’s “La Maison des Startups,” further enhancing their growth potential. Among the 1,320 applications received this year, a total of 18 startups were selected. In addition to the Grand Prize, LVMH also recognized winners in specific innovation categories. Neobrain (France) won in the “Employee experience, diversity, and inclusion” category with its AI recruitment strategy platform. Vidmob (USA) secured the trophy in the “Image and media for brand desirability” category with its advertising performance optimization through video analysis. Absolute Labs (USA) emerged victorious in the “Immersive digital experiences” category with its Web3 CRM platform for blockchain analysis. Chatlabs (USA) claimed the top spot in the “Data and Artificial Intelligence” category for creating personalized customer experiences through AI. Living Packets (France), a manufacturing company specializing in connected and reusable packaging, won in the “Operational Excellence” category. Lastly, Woola (Estonia) was recognized in the “Sustainability and GreenTech” category for its manufacturing of woolen packaging.
LVMH’s selection of these startups and the recognition of their innovative solutions demonstrates the brand’s commitment to promoting creativity, sustainability, and digital transformation. By partnering with these startups and providing personalized support, LVMH aims to foster collaboration and drive innovation within the luxury industry. The future looks promising for these young companies, as they move forward with LVMH’s backing and guidance.
Links:
– [Save Your Wardrobe](https://www.saveyourwardrobe.com/) – Visit Save Your Wardrobe’s official website to learn more about their platform dedicated to clothing repair and maintenance.
– [LVMH Group](https://www.lvmh.com/) – Explore the official website of LVMH Group to discover their commitment to innovation, creativity, and sustainability in the luxury industry.
