Revolutionize Online Beauty Sales: The CU 2024 x Twinit Beauty AI Challenge
The online beauty market is booming, but it’s not without its challenges. Low conversion rates and high return rates plague sellers due to the limitations of virtual try-on experiences and analysis tools. Consumers find existing solutions subjective and often abandon them after a single use.
This is where you come in.
The CU 2024 x Twinit Beauty AI Idea Challenge calls on innovators like you to harness the power of AI and revolutionize how beauty products are sold online.
The Challenge:
Develop groundbreaking ideas that leverage the "Twinit" AI beauty facial analysis service to tackle one of the following themes:
- Boost Customer Lifetime Value (CLV): How can we make AI beauty analysis a recurring part of the customer journey, increasing engagement and loyalty?
- Increase Online Sales Conversion: Imagine innovative solutions – marketing campaigns, gamification, new features, or pricing models – that utilize AI beauty analysis to drive purchases on partnered online stores.
Who Should Participate?
This challenge welcomes individuals and teams of up to 4 members who are passionate about the future of beauty and the potential of AI. Whether you’re a seasoned developer, a marketing guru, or simply brimming with innovative ideas, we encourage you to apply.
What’s in it for You?
Beyond the opportunity to shape the future of beauty tech, you’ll be competing for these incredible prizes:
- Grand Prize: Minister of SMEs and Startups Award (pending) + KRW 2,000,000 + Twinit (Anthreality) Internship (up to 2 people)
- Second Prize: Edaily CEO Award + KRW 1,000,000
- Third Prize: Contents Universe Korea Secretariat Award + KRW 500,000
- 4th-10th Place: Contents Universe Korea Secretariat Award + KRW 100,000
Key Dates:
- Submission Deadline: July 10, 2024 – August 16, 2024
- Final Round & Award Ceremony: August 30, 2024, at KINTEX
Ready to Make Your Mark on the Future of Beauty?
Submit your application online: Apply Now
Learn More:
- Official Website: CU 2024 x Twinit Beauty AI Challenge
- Contact: [email protected] / [email protected]
