PARIS – L’Oréal is bolstering its presence in North America’s innovation ecosystem by partnering with University of California Berkeley’s Bakar Labs, a biotech incubator, with the aim of furthering biotech innovation.
Bakar Labs’ startups could have access to L’Oréal’s Research and Innovation resources and expertise in fields similar to skin biology. For the sweetness giant, the tie-in is predicted to offer learnings from the early-stage biotech firms to expand the group’s product lineup.
“Biotech is an integral a part of our present and future at L’Oréal,” explained Barbara Lavernos, deputy chief executive officer, answerable for research, innovation and technology at L’Oréal. “It propels us to grasp and harness nature’s secrets in an ethical and sustainable manner: Already 61 percent of our ingredients...
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