LUXURY CHALLENGES

Collaboratively Craft Solutions for Luxury’s Pressing Needs

Join fellow industry experts and innovators to develop and evaluate solutions for predefined luxury challenges collaboratively. This immersive program will provide you with a platform to showcase your expertise, learn from diverse perspectives, and contribute to shaping the future of luxury.

Unleash Your Innovative Potential

Our luxury challenges offer unparalleled opportunities to hone your problem-solving skills, expand your industry knowledge, and contribute to groundbreaking innovations. Engage in thought-provoking discussions, explore cutting-edge technologies, and collaborate with like-minded individuals to drive positive change in the luxury landscape.

*******************************

PROGRAM FLOW

Collaboratively develop and evaluate solutions for predefined projects known as “Challenges.” We work with you to identify challenges aligned with your industry’s global strategic priorities. The Challenge fosters partnerships between startups and corporate partners, offering opportunities such as proof of concept development, participation in a global accelerator, or access to a worldwide partner network.

PHASE 1 – CHALLENGE SELECTION AND FORMAT

Throughout Phase 1, our aim is to set a solid foundation for the program, ensuring that the challenges selected are both relevant and inspiring. Clear timelines, comprehensive application guidelines, expected solutions and a streamlined submission process help facilitate a smooth transition into subsequent phases of Luxury Challenges, where collaboration and innovation take center stage.

PHASE 2 – SCOUTING AND ELIMINATION

During Phase 2 of the Luxury Challenges program, we dedicate at least three months to scouting and selecting suitable startups. We leverage our extensive network, which includes accelerators, universities, and startups, reaching out via email to identify potential participants. This effort results in an updated and comprehensive database of the ecosystem. Typically, we receive a significant number of applications for each call, and our rigorous selection process narrows down the field to a select group of startups in the pipeline. From this pipeline, we ultimately accept a promising cohort of startups (around 5-10) for each Startup Challenge.

PHASE 3 – INNOVATION SHOWCASE AND WINNER SELECTION

The Phase 3 serves as the program’s grand finale, where the culmination of innovation and collaboration takes center stage. During this phase, startups deliver compelling pitches and present their visionary pilot projects to a jury of industry-leading corporates and partners. The jury’s meticulous evaluation results in the recognition of three standout solutions, paving the way for them to explore Proof of Concept (POC) collaborations with esteemed industry partners. This phase embodies the Luxury Challenges program’s mission of fostering innovation and delivering tangible outcomes within the luxury sector. It represents the pinnacle of a journey that began with meticulous planning and execution, creating an environment conducive to innovation, collaboration, and problem-solving.