Luxury Innovation Awards 2024 Edition: Nominated Companies

Winners Announcement: Global Awards Ceremony on 02 October 2024 in Geneva. Winners Announcement: Global Awards Ceremony on 02 October 2024 in Geneva.
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  • All (19)
  • Luxury Tech Innovators (3)
  • Tech-Integrated Luxury Experience (3)
  • Luxury Hospitality and Experiences (3)
  • Watches and Jewellery (3)
  • Sustainable Luxury (4)
  • Luxury Fashion and Lifestyle (3)

2024 Edition: Nominated Companies

TruLux

Israel

Category:
Luxury Tech Innovators

TruLux is developing AI and sensing technology to provide absolute trust in luxury transactions, disrupting the luxury retail market.

We are the only fully automated solution which is able to address complex item features individually. We are able to identify fake components (not only the whole item) and also create verifiable fingerprints for traceability. Our solution can scale fast as it doesn't require a large amount of data to add a new product, and in the future we aim to automate new product registration completely. Lastly, we don't require any modification to the product nor any addon to the mobile phone.

TOSHI

United Kingdom

Category:
Tech-Integrated Luxury Experience

TOSHI bridges the gap between offline and online by transforming the last mile into a moment of customer convenience and delight with nominated date/time deliveries and at home services like Wait&Try. Enabled by proprietary technology and logistics, TOSHI focuses on hyperlocal, sustainable last-mile solutions, and partners with leading brands like Louis Vuitton, Dior, Hermes, and CHANEL. TOSHI experienced 3.3x global growth in 2023, driven by a remarkable 12x growth in New York City.

We are an experience company enabled by logistics and technology. Our proprietary routing technology underpins our daily operations and delivery network. No other software currently on the market offers the same level of omnichannel fulfillment and delivery network optimization. We are uniquely positioned to be the leading last-mile partner for brands that prioritize customer experience and support omnichannel strategies. Our hyperlocal and sustainable capabilities position us as an extension of the brands strategy. To date our impact delivers 20% increase in repurchase rates, 12%+ increase on NPS/Customer satisfaction scores, 0% in claims and -2% in customer services team costs. We are transforming the last mile into a moment of service and delight driving conversion and retention.

Satopia Travel

Netherlands

Category:
Luxury Hospitality and Experiences

Satopia is a pioneering luxury travel company that blends immersive, transformative guest experiences with a strong commitment to sustainability and social responsibility.

Innovation in Satopia Travel provides impactful, enriching travel experiences that resonate strongly with the modern luxury traveller’s desire for inspiring travel experiences with depth, authenticity, and sustainability. These travel experiences are distinguished by: a. Exclusive Access: Direct engagement with thought leaders and world-renowned chefs, offering more than just travel, but a personal connection to global expertise. b. People First: As a travel company, the innovative fundamental angle is designing the experiences around people first, in this case the hosts. People first, followed by experiences then destinations offer an innovative way to see the world through an inspiring perspective of the hosts. c. Beyond Culinary Excellence: Experiences infused with the host’s unique charisma, values, and wisdom, enriching every journey with deep cultural and personal insights, that go beyond their food and culinary art. d. Philanthropic Impact: Events often support causes important to hosts, aligning with guests’ desires to contribute positively to the destination and community they visit.

Faurschou Jewellery

Denmark

Category:
Watches and Jewellery

Faurschou Jewellery blends ethical sourcing and environmental responsibility with narrative-driven designs, integrating blockchain and NFC technology while preserving traditional craftsmanship.

Faurschou Jewellery revolutionises the market by blending cutting-edge technology with a profound dedication to craftsmanship and authenticity, delivering a one-of-a-kind experience. Here’s how: Multi-Sensory Engagement: Faurschou Jewellery enhances the customer experience by incorporating sounds and animations, creating a unique multi-sensory interaction with their pieces. This innovative approach not only sets the brand apart but also offers consumers novel ways to engage with and appreciate their jewellery, potentially opening new avenues for revenue. Digital Twins: Each physical piece of jewellery is paired with a digital twin and NFT, adding a valuable layer of engagement. The dual existence of jewellery in both physical and virtual realms allows for broader market exposure and appeal to tech-savvy and digital-native consumers. Commitment to Human Connection: Faurschou Jewellery’s dedication to ethical sourcing and honouring artisans demonstrates a deep respect for everyone involved in the process. This human-centric approach resonates with consumers who value authenticity and social responsibility, reflecting founder Simone Faurschou’s belief in using technology to strengthen human connections. Proof of Ownership: Each piece comes with an on-chain certificate, fostering a direct relationship with customers and eliminating the need and reliance on traditional third-party retailers. This innovation boosts customer engagement and enhances lifetime value. Traceability: Each piece features comprehensive metadata that documents every step in its creation, from start to finish. This includes details on materials (such as Fairmined gold, for example, ensuring fair wages for mining communities), stones (whether natural, lab-grown or heirloom, along with their sourcing), and design specifics. The metadata also covers the location of both physical and digital minting, when applicable, providing a complete and transparent product passport. While established luxury brands set high standards and some competitors focus on sustainability, pinpointing rivals can be challenging when pioneering innovations. Faurschou Jewellery is trailblazing by integrating blockchain and NFC technology to set new benchmarks for transparency and ethical sourcing while preserving traditional craftsmanship. This approach, grounded in environmental stewardship and ethical practices, positions Faurschou as a forward-thinking leader in the industry. In summary, Faurschou Jewellery’s unique blend of immersive technology, ethical practices, and direct customer relationships sets new standards in the luxury jewellery industry. By integrating traditional craftsmanship with cutting-edge technology, the brand transforms the customer experience and upholds global responsibility. This innovation not only enhances transparency and traceability but also fosters deeper connections between the brand and its customers, making Faurschou Jewellery a pioneer in marrying technology with sustainability in the luxury market.

SOHNAA

India

Category:
Watches and Jewellery

A precious adornments brand from India that blends Sonali Shah Sheth's 27 years of design excellence, technological prowess and business acumen to make a mark in the global luxury space.

We are the first Designer led Luxury Jewellery brand in the country with an omnichannel shop in shop model, where Design and Technology come together to create a unique experience for the customer and an inventory light scalable business model both for the Retail Jeweller partner and the brand.

Sericyne

France

Category:
Sustainable Luxury

Sericyne produces and sells a new patented 100% responsable silk material called Sericyne silk dedicate to luxury goods industry in the leather goods, cosmetics and packaging sectors.

Sericyne's impact is highly virtuous for its customers in the luxury goods industry. Environmental impact : Thanks to a very short supply chain and 100% French production of Sericyne silk, a natural material which also consumes very little water and energy to produce, Sericyne silk helps to reduce the environmental impact of luxury houses. We have carried out life cycle analyses of silk for watch straps, and it has 10 times less impact than leather. The company is also GOTS certified, and is in the process of converting to organic farming. Sericyne's silk comes from the only french silkfarm, so the company is pioneer in relocate know-how in France and Europe, with the advice of the bigger and higher quality silkfarm of the world. To meet its production needs, the company is also involved in mulberry tree planting programmes (the tree that feeds the silkworms). The company Impact in terms of animal ethics: Thanks to the innovation developed to produce Sericyne silk, the life cycle from caterpillar to butterfly can be fully preserved. Local Economic impact: The company has a strong local economic impact by creating jobs in rural areas. What makes you unique: Sericyne is the only company to have invented, produced and commercialized this new material. The company is also the only one to have developed this expertise around non-woven silk. It is also the only French sericulture company and a rare company to have a 100% traceable and integrated supply chain from agriculture to manufacturing.

JOOKS

France

Category:
Luxury Hospitality and Experiences

JOOKS (www.jooks.app) is an app that allows you to discover hundreds of cities around the world while running, walking, cycling or wheel chairing.

Our innovation allows anyone to discover the best a destination has to offer without having to prepare, without getting lost and in their own language. On the hospitality side it has an impact on the guest experience for tourism and well being, the opportunity to communicate, the revenues generated and the relation with the environment. Our uniqueness comes from the simplicity of the experience to choose or create and then practice a route, the value of the content (we have experiences in 400+ of the nicest cities around the world, in 64 countries) and the possibility for our clients to personalise the routes to their clientèle. For example at Hotel Relais & Chateaux Verchant near Montpellier, we help guest wander in the beautiful domain and discover the wineries. At George V in Paris, we provide running experiences for the staff, making them healthier and more productive. At Demeures de Campagne, we provide routes for horse riders, cyclists or parents willing to walk with their kids for a unique experience.

Haelixa Ltd.

Switzerland

Category:
Luxury Tech Innovators

Haelixa provides a complete solution for simplifying supply chain verification by using unique DNA markers to trace materials from their origin to the finished product.

Haelixa uses DNA to mark materials. The DNA is precisely engineered to adhere to the gold, silver, or gemstones. The application of DNA happens as part of the product's existing processing. The certificates provided by Haelixa provide the forensic results, which can be uploaded to any digital or blockchain system. What makes Haelixa unique is the ability to collaborate with other tools depending on the customer's needs. There is an increasing risk of counterfeiting and false claims of product origin. This is where physical traceability safeguards the brand and builds customer confidence by providing traceable provenances to products. Our non-invasive, environmentally safe DNA markers preserve material integrity while providing precise identification. This reduces compliance risks and enhances brand appeal by showcasing a commitment to ethical practices and authenticity. By meeting stringent regulations and engaging consumers who value transparency, Haelixa sets a new standard for traceability, offering irrefutable proof of provenance and distinguishing high-value materials with unmatched certainty.

Elite SA

Switzerland

Category:
Luxury Hospitality and Experiences

Elite SA is a prestigious Swiss manufacturer of high-end beds and mattresses, renowned for its commitment to handcrafted quality, continuous innovation and sustainable practices since 1895.

Smart Lease sets a new standard in sustainable luxury by offering an innovative leasing model that combines unmatched financial efficiency with environmental stewardship. With European Ecolabel certification, coupled with our pay-per-use approach, hotels can minimize financial risk while delivering an exceptional and sustainable sleep experience to guests. Our advanced sensor technology also enables optimal control over room occupancy and allows for precise monitoring of every individual mattress, thereby extending their lifetime and offering targeted . This commitment to the circular economy not only positions Elite SA as a leader in sustainable luxury but also aligns with the evolving expectations of environmentally conscious guests and hotel operators, ensuring unique comfort without compromising on sustainability.

ChatLabs

Unites States

Category:
Luxury Tech Innovators

ChatLabs converts Social Media traffic for luxury brands using AI that predicts the optimal, contextual, personalised customer journey.

Our innovation allows brands to have better return on investment on Social Media, using an innovative immersive AI powered experience unlike any other in the industry.

Keel Labs

United States

Category:
Sustainable Luxury

Keel Labs™ is a platform for materials innovation working at the nexus of design, science, and engineering to create impact-driven materials harnessing the power of the ocean.

KelsunTM fiber is a novel, viable alternative to many of the polluting, conventional materials on the market. Kelsun is made by pairing seaweed biopolymers with our proprietary bio-based formulation to create a fiber that easily biodegrades at its end of life. Synthetics that are petroleum-derived can take hundreds of years to decompose in the environment and contaminate our oceans, bodies, and ecosystems with microplastics. Because we start our process with seaweed, we avoid the intense use of resources associated with land-based agriculture and petroleum refining. Additionally, many next-gen materials require new infrastructure and practices to scale their material. Kelsun uses a traditional wet-spinning method to produce fibers that continue to fit directly into the existing yarn and textile industry supply chains, making it easy to implement into global production methods we increasingly rely upon. Kelsun is scalable, and already being incorporated in commercial mills, with customer approved products heading to market this year.

Aectual

Netherlands

Category:
Luxury Fashion and Lifestyle

Aectual offers circular interiors, by reusing waste materials & XL 3D printers. We are the most circular and most beautiful interior architecture solution on the market. We start with waste material, there is no waste in the process, and after use, we take back your interior, shred it, and directly use it to re-print new interiors in an infinite loop. Or how we like to call it: From waste to Wonders.

Aectual combines multiple USPs into one integrated service: - A growing online library of fully customizable furniture and finishes - Digital tailored design process via online customization and design algorithms - Automated print-file generation (manufacturing file) - 3D print production via our in-house 3D printers and growing XL 3D print network - Take-back and recycling service of used products, ensuring full circular BM - Offering corporate clients to connect their own waste streams to our product proposition (e.g. Tetra Pak)

Save Your Wardrobe

United Kingdom

Category:
Tech-Integrated Luxury Experience

Save Your Wardrobe is an award-winning aftersales platform that helps brands unlock care and repair at scale by digitising and streamlining their aftersales operations while providing end-to-end visibility for all key stakeholders.

1. SYW enables brands to scale aftersales solutions globally through a unique, modular platform while leveraging both the brand’s existing ateliers and SYW’s decentralised global network of vetted service partners. 2. SYW is a first mover with over five years of R&D, leveraging a large in-house team of engineers to develop a cutting-edge end-to-end platform that is highly adaptable to brands’ needs. For instance, SYW’s aftersales solution has helped brands improve their customer net satisfaction scores from 4.5 to 4.9 out of 5. 3. SYW’s API agnostic platform enables an aftersales solution that optimises brand’s existing tools and processes, meaning brands have the flexibility to integrate with existing ERP systems, warranty tools, preferred logistics, payment solutions and more. 4. SYW provides a state-of-the-art Backend Control Centre that enables brand HQ or store teams to oversee requests, assign and execute tasks, easily adapt process flows, customise email templates, and manage an unlimited number of service partners and range of services offered. 5. SYW are operational experts in digitising both internal and external Atelier processes, while simultaneously enhancing and preserving their Savoir Faire, a key concern for luxury. For example, SYW has helped brands reduce their lead times from 3 weeks to just 3 days.

Superlativa

Italy

Category:
Luxury Fashion and Lifestyle

Superlativa® is a patented ingredient made from the leftovers of the oysters cultivated for the Pearl Industries in pristine oceans, making it usable for the industry

ONENESS Traceable carbon negative and zero waste: The New Opulence, https://www.worldwildlife.org/stories/oysters-an-unsung-hero-in-a-changing-climate

iStaging Corp.

Taiwan

Category:
Tech-Integrated Luxury Experience

iStaging is an innovative Mixed Reality SaaS company driven by computer vision & AI, backed by 10 years of technological development and 100,000 corporate users around the world. providing an AI-driven spatial computing platform for businesses of all sizes, to transcend space, time and human interaction by enabling customers to create immersive experiences very fast, without any technical skill.

iStaging services mainly specialize in smart twin creation of any brand's physical activations, virtual clienteling, immersive commerce, spatial website and learning & development. User-friendly adoption, real-time, cross-device including wearables, autonomy, high scalability, customization and deep integration capabilities are unparalleled competitive advantages that makes iStaging technology unique. iStaging experiences deployed across mutliple devices: from web browser through laptop, tablet, mobile to new generation wearables such as Apple Vision Pro, META Quest, or AR/MR glasses. MR content applications related to IP for Entertainment (K Pop) and Media have been successfully initiated by the iStaging Asia team based in Seoul in 2024.

Gen Phoenix

United Kingdom

Category:
Sustainable Luxury

Through a revolutionary circular process that earned the brand recognition as one of Fast Company's 2024 Most Innovative Companies, Edison Award and 'Best of CES', Gen Phoenix rescues leather offcuts destined for landfill and regenerates them into a premium recycled leather material that boasts a 83% lower carbon footprint than traditional leather and is coveted by the world's most iconic brands for its beauty and durability.

Impact of the innovation: Many exciting innovations in the sustainable leather alternative space have been introduced, but have struggled to get to commercialization with large brands beyond limited runs or pilot production. In some cases, technology innovators have had to halt production due to an inability to cross the chasm from lab to commercial scale. Our belief is sustainability only matters at scale—we can’t get to impact until we can produce a material that meets the performance, planet and price requirements of legacy leather brands. Gen Phoenix is the only next-gen material company who can do that today. Our state-of-the-art manufacturing facilities have the potential to manufacture up to 6 million m2 of material annually and our materials have met the stringent requirements of leading brands like Coach, Dr. Marten’s, Jaguar Land Rover and 250 airline customers worldwide. It is our belief that addressing the climate crisis takes a village, one that involves the convergence of regulators, large brands, academia, consumers and technology startups. As contributors to the sustainability innovation ecosystem, Gen Phoenix has an important role to play in pioneering not only new materials, but new paradigms of engaging with industry to develop and adopt more sustainability-focused business practices. It’s no secret that the fashion industry is a major contributor to waste. Each year as much as 92 million tonnes of textiles end up in landfill, and according to the Ellen Macarthur Foundation, every second the equivalent of one garbage truck of textiles is landfilled or burned globally. It was reported this year that fast fashion has generated so much waste in the Chilean desert that this particular landfill is visible from space. If the fashion industry continues on its current path, by 2050 it could use more than 26% of the carbon budget associated with a 2C global warming limit. Since its founding, Gen Phoenix’s mission has been to translate waste into new and long-lasting materials. End-of-life textiles and leather are important future feedstocks into the Gen Phoenix process, and we are actively working with brands to close the circularity loop and imagine a world where waste is no longer wasted. We are also witnessing a movement of younger consumers demanding higher levels of transparency from brands. It’s no longer enough to say you are “sustainable,” you need to share what your materials are made of and demonstrate metrics that quantify how your initiatives are making an impact. In 2023, 17 major fashion brands, including our partner Tapestry, joined a new deforestation-leather commitment led by the non-profits Textile Exchange and Leather Working Group (LWG). One critical component of that pledge is around improving transparency and reporting. Gen Phoenix is directly addressing the systemic lack of transparency across the leather industry and leading by example by openly sharing Life Cycle Analysis figures with our brand partners. This year, we brought together our own coalition of strategic partners - Tapestry, Dr. Marten’s and Jaguar Land Rover (JLR) - to not only review Gen Phoenix’s Life Cycle Analysis, but to also share ideas around how we can improve transparency, trust and education for consumers. We took a first step around educating consumers by filming a factory tour with Coach that gives viewers an inside look of how our recycled leather is made and where our waste feedstock comes from: https://www.instagram.com/p/CtZaKgCAJxs/ As the deforestation-leather commitment details, animal leather is and will remain a key part of the participating brands’ supply chains. Gen Phoenix can provide a recycled leather product that is traceable and minimizes environmental impact, without sacrificing the qualities of leather that are so important to leather legacy brands. What makes Gen Phoenix unique? There are numerous “sustainable” alternatives to leather that have been introduced to the market in an effort to help fashion brands meet their ambitious decarbonization objectives and appeal to an increasingly eco-conscious consumer base. Gen Phoenix’s approach is unique in that we are not interested in creating new virgin materials to add to the waste challenge that fashion is facing. Our goal is to repurpose and rebirth waste materials so they can have many lives, keeping materials in use at their highest value for as long as possible. At the end of the day, synthetic leather and bio-based leather alternatives are still producing more new “stuff” which adds to the environmental impact of manufacturing a new material. And if they aren’t designed to be durable, they are more likely to end up in landfill. We know that up to 60% of a leather hide goes to waste - that’s a lot of raw material that can be reprocessed and rebirthed rather than going to landfill. At Gen Phoenix, we make a material based on a waste stream of a byproduct of the beef industry. We believe that circular production is key to reducing the carbon footprint of traditional and synthetic leather alternatives– we take waste material that no one wants, destined for landfill, and build it back up so it can be used again and again. At Gen Phoenix, we see our role as being the circular material innovation partner to help brands achieve their decarbonization objectives. A sustainable material can only scale if it also meets the quality, price, and performance that consumers expect from heritage leather manufacturers. While increasingly buyers are prioritizing brands that offer sustainable options, it’s also true that consumers aren’t willing to give up the craftsmanship and performance they have come to expect from leather.

Woola

Estonia

Category:
Sustainable Luxury

Woola uses waste wool to replace plastic bubble wrap.

Up to 90% of wool goes to waste in European countries, adding up to 200,000 tonnes every year. We source such wool directly from farmers in Estonia—who would otherwise burn or bury it—and turn it into sustainable packaging that replaces plastic bubble wrap. As such, Woola packaging is made of regenerative waste material, and it is reusable and compostable. We have also launched a pilot circular program in Estonia to let people return the wool inlays to keep the valuable material in the loop. Additionally, wool is a naturally high-tech material. Its elasticity, water repellency, and resistance to temperature extremes make wool perfect for packing items that need extra cushioning. Finally, as there is no supply chain for waste wool, we had to set it up ourselves. Similarly, we had to build our production line from scratch to serve our customers at scale.

INIKA Organic

Australia

Category:
Luxury Fashion and Lifestyle

The worlds purest luxury skincare and makeup brand. 100% pure - no compromise!

It's not just what’s on the inside that counts, we carefully assess the impact our packaging has on the environment. We are proudly leading the way in sustainable beauty, being the first plastic neutral makeup brand globally. - 90% of our packaging is made from sustainable & reusable materials - We have minimised our virgin plastic use by 84%. - We work with charities to collect and repurpose tonnes of plastic yearly, so it doesn't end up in nature or in landfill.

Blaken

Germany

Category:
Watches and Jewellery

We help you stick out of the crowd

We are the only customization company with a complete offer of all arts of customization on all watch parts as a service to the client. We replace the warranty of the clients watch. Our new sustainable approach is the reluxury of clients vintage watches and revive them with new color concepts.