June 10, 2020Estonian company Alpha AR nominated as an LVMH Innovation Award finalist

We are proud, humbled, and beyond delighted to announce that Alpha AR has been nominated as a finalist for the LVMH Innovation Awards 2020!

Louis Vuitton Moët Hennessy (LVMH) group is a distinguished French multinational corporation and conglomerate based in Paris, France. It specializes in luxury goods, bringing together 75 truly exceptional houses while fully upholding its individual identity and autonomy. By all standards, the LVMH group is one of the biggest apparel-luxury retailers in the world.

LVMH Innovation Awards, introduced by the LVMH group, was designed to discover, recognize, and foster the most innovative and relevant startups in the field of customer experience, supporting exceptional entrepreneurial spirits. It is one of the most prestigious startup contests in the Retail-Tech Industry. According to LVMH, the corporation is determined to pursue its commitment to innovation and the international startup ecosystem now more than ever.

Each year, the finalists for the Innovation Awards are invited to the Viva Tech conference in Paris to pitch their business ideas in front of industry big shots. Viva Tech brings together investors who are steering the wheel of digital transformation in the world.

This year, Alpha AR has competed against nearly 1300 companies from 73 different countries to secure its position in the finalist panel. Alpha AR offers a deep tech solution that enables you to turn a 2D image into a 3D model so that the product would be ready for showcasing in augmented reality.

Had we not been living in the midst of a global pandemic, the CEOs of the finalist companies would be spending the week in Paris. However, LVMH has improvised and turned the pitch contest into a show available to all this year. For the first time in history, anyone can view the contest online and enjoy a first-hand experience of the LVMH Innovative Awards!

The pandemic has brought a significant change in consumers’ shopping habits; they have become more dependent on E-businesses. This calls for innovative solutions to meet the demand surge in the virtual markets. As a result, retailers are now offering personalized shopping experience online by putting an emphasis on ensuring consumers’ convenience.

Being selected as a finalist has put Alpha AR on a global stage, which, of course, comes with many responsibilities. It has also opened a large window of opportunity for Alpha AR to build rapport with well-known luxury brands from all over the world.

Being selected as a finalist has put Alpha AR on a global stage, which, of course, comes with many responsibilities. It has also opened a large window of opportunity for Alpha AR to build rapport with well-known luxury brands from all over the world.

Alpha AR is to developing an AI-based deep tech solution. It will turn a 2D picture into a 3D model effectively and effortlessly, thereby creating high value for customers. Above all, Alpha AR is working diligently to become a leading 3D creation platform.

https://www.lvmh.com/lvmh-innovation-award-2020/alpha-ar/