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Three Startups Win First-Ever Colgate Connect Challenge
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Colgate-Palmolive has announced the winners of the first global pitch competition, the Colgate Connect Challenge, aimed at startups innovating for healthier futures. Six finalists pitched ideas on quantified health, smart packaging, and solutions for underserved populations. Three winners were awarded cash prizes: Dermala won $20,000 for personalized skin health solutions, SkinDNA received $15,000 for its skin microbiome wearable patch, and Gennev earned $10,000 for menopause support products. The competition highlights Colgate's commitment to innovation and collaboration.
Positive
Awarding $20,000 to Dermala emphasizes Colgate's commitment to innovation in skin health.
Collaboration with high-caliber startups like SkinDNA and Gennev could enhance Colgate's product offerings.
The challenge promotes Colgate’s focus on developing solutions for underserved populations.
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None.
NEW YORK--(BUSINESS WIRE)--
Colgate-Palmolive is pleased to announce the winners of the Colgate Connect Challenge, its first-ever global pitch competition aimed at startups from around the world focused on developing world-changing products to promote healthy futures.
The challenge sought to connect Colgate with external startups offering innovative solutions in three areas: quantified health and analytics; smart and connected packaging & digital consumer engagement; and products and platforms for underserved populations. Six finalists were selected from a large pool of applicants to pitch their ideas and answer questions from the panel of judges at the January 6, 2022 event.
Colgate originally planned to select only one winner, but there were so many promising submissions from high-caliber startups that the judges decided to award three cash prizes as follows:
Grand Prize: Dermala,www.Dermala.com, USA - $20,000 Dermala uses the human microbiome and analytics to create personalized products for skin health and treatment of chronic skin conditions. The Colgate judges were excited about the potential to collaborate with Dermala to support the Company’s growing skin health business lines and develop superior topical and ingestible products with a consumer-friendly digital engagement platform.
Said Lada Rasochova, Founder and Chief Executive Officer DERMALA: “We are incredibly honored to be recognized as the winner of the 2022 Colgate Connect Challenge. DERMALA leverages a cutting-edge scientific understanding of the human microbiome and data analytics to develop novel solutions for a variety of skin conditions including acne, eczema, and skin aging. We look forward to partnering with Colgate-Palmolive as we continue to develop more innovative products that incorporate the microbiome in a novel, unique, and unexpected way.”
Second Place: The SkinDNA Company,www.skindna.com.au/, Australia - $15,000 SkinDNA has developed a unique wearable patch for collection and subsequent analysis of the skin microbiome and RNA of skin biomarkers. Their Skin RNATM product and platform facilitates targeted product recommendations and results tracking for consumers.
Special Judges Award: Gennev, www.gennev.com/, USA - $10,000 Gennev provides an online clinic and coaching for women in underserved populations experiencing menopause. The company also offers products for sale via their direct-to-consumer store. Collaborating with Gennev can potentially provide Colgate with valuable consumer insights to develop superior oral and skin care products tailored to this demographic.
Additional finalists included Nutix (Switzerland), a salivary multiparameter detection platform; FamilySelfCare (France), a DIY personalization system for skin and wellbeing; and Dentulu (USA), a tele-dentistry hardware and software system.
Raj Kohli, Vice President of Global R&D & Technology Strategy for Colgate-Palmolive and one of the four judges on the panel, said, “Open innovation and collaboration with the global startup ecosystem is incredibly valuable to our innovation efforts as we fulfill Colgate’s purpose to reimagine a healthier future for all people, their pets and our planet. We were extremely impressed with the field of competitors and congratulate all of the exceptional finalists who presented exciting innovative service and technology solutions to meet the future needs of our consumers.”
Kohli was joined on the judging panel by Thomas Serval - serial entrepreneur and CEO of Baracoda, a startup collaborating with Colgate on connected smart toothbrushes, Will Decker - VP and Head of the Brand & Retail at Plug and Play startup accelerator, and Dr. Maria Ryan - Colgate’s Chief Clinical Officer.
The event was hosted in conjunction with Plug and Play, a startup accelerator and venture capital investment company headquartered in Silicon Valley. Originally planned to be held in Las Vegas during the week of the Consumer Electronics Show, it was held virtually due to Covid restrictions.
About Colgate-Palmolive:
Colgate-Palmolive Company is a caring, innovative growth company reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, the Company sells its products in more than 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom’s of Maine, EltaMD, Filorga, Irish Spring, PCA Skin, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet. The Company is recognized for its leadership and innovation in promoting environmental sustainability and community well-being, including its achievements in saving water, reducing waste, promoting recyclability and improving children’s oral health through its Bright Smiles, Bright Futures program, which has reached more than 1.3 billion children since 1991. For more information about Colgate’s global business and how the Company is building a future to smile about, visit www.colgatepalmolive.com. CL-C
The Colgate Connect Challenge is a global pitch competition for startups aimed at promoting healthy futures, focusing on quantified health, smart packaging, and solutions for underserved populations.
Who won the Colgate Connect Challenge?
Dermala won the grand prize of $20,000, while SkinDNA and Gennev secured second place and a special judges award, respectively.
What did Dermala develop?
Dermala utilizes the human microbiome and analytics to create personalized products for skin health and chronic skin conditions.
How much did SkinDNA win in the challenge?
SkinDNA received $15,000 for its innovative wearable patch that analyzes the skin microbiome.
What solutions does Gennev provide?
Gennev offers online clinics and coaching for women experiencing menopause, along with related products.
