Perfect Corp., an artificial intelligence (AI) and augmented reality (AR) beauty and fashion tech solutions provider, has a new program for small and indie beauty brands that are looking to transform their direct-to-consumer business with AR technology. The Small Business Beauty Tech Accelerator program will provide women or minority-owned small beauty brands and retailers with up to six months of free access to Perfect Corp.’s self-service virtual try-on solution for color cosmetics. Having successfully scaled from a startup in 2015, Perfect Corp.’s AR virtual try on technology has since grown to help over 500 brands around the globe to modernize and personalize their shopping journeys, with many brands reporting up to 2.5x increases in sales conversion, 40 percent increases in average order value, and significantly decreased product returns.
Led by CEO and Founder Alice Chang, the software provider said that it recognizes the importance of nurturing and developing new businesses, and is therefore committed to giving back to the industry. With a focus on women and minority-owned businesses, Perfect Corp.says it is equipping the beauty brands of tomorrow with the tools they need to reach their full potential by offering select businesses use of award-winning technologies free of charge.
The mission of Perfect Corp.’s small business program is "o democratize access to innovative AI, AR and digital technologies in the retail space, empowering small beauty brands, with the tools to offer enhanced shopping experiences to their customers while increasing personalization, engagement and sales." Perfect Corp.says that its self-service AR makeup virtual try-on solution for web solves a major pain point in beauty retail by allowing brands to digitize their offerings across seven product categories including foundation, mascara, lip color, blush, eyelashes, eyeliner, and eyeshadow. Customers are able to try-on and experiment with beauty products virtually to discover their perfect shade. This technology has become table stakes in the beauty world in recent years and has been proven to boost both customer satisfaction and purchasing confidence.
“As AR and AI technology becomes an essential tool to engage consumers and provide personalized shopping experiences, our mission is to democratize access to these transformative digital innovations and make these tools accessible to brands of all sizes”, said Perfect Corp. CEO and Founder Alice Chang, “With these powerful solutions, brands can reimagine the consumer experience, provide personalized beauty to all, and unlock new opportunities for growth.”
Brands interested in applying for Perfect Corp.’s new small business program, can fill out a short survey application here.