PR85422

SHANGHAI, Sept. 4, 2020 /PRNewswire=KYODO JBN/ --

Johnson & Johnson Innovation and Johnson & Johnson Consumer Health China[1],

today announced the launch of the Skincare of the Future QuickFire Challenge in

collaboration with Zhejiang Tmall Technology Co., Ltd. ("Tmall"), calling for

new innovative product, service and technology innovations to help consumers

tackle some of the world's toughest skincare challenges. The QuickFire

Challenge is the cornerstone of a new collaboration signed earlier this year

among the three parties with the aim to jointly build new concepts, products

and brands for healthy personal care, aiming to better meet the everchanging

and advancing needs of Chinese consumers.

Pore care and anti-aging are among the top skin concerns today. Innovators

around the world are invited to submit their development-stage ideas aimed to

improve skin health with a specific focus potential solutions for minimizing

pores and anti-aging for the chance to receive support from both the Johnson &

Johnson Family of Companies and Tmall. Awardees will also receive help from

Tmall in cultivating and commercializing their product in the Chinese market.

Specific areas of interest include:

- Newly formulated products

- Consumer devices

- Skin health diagnostics

- Novel skincare solutions (i.e., non-topical, ingestible)

Up to two innovators with the most promising potential solution(s) will receive

up to US$50,000 in grant funding, one year of residency at JLABS @ Shanghai,

mentorship from the Johnson & Johnson Family of Companies, and a chance to

launch their product(s) through Tmall, the largest e-commerce platform in

China. The awardees will be announced in early 2021.

"At Johnson & Johnson Consumer Health, we have a wealth of experience and

expertise in R&D and the operation of pore care, anti-aging brands and

products," said Tim Deng, Managing Director, Johnson & Johnson Consumer Health

China[2]. "With Johnson & Johnson Innovation's global network and Tmall's

powerful consumer insights and platform, we hope to be able to commercialize

the next generation of potential solutions at a much faster pace for China and

the world."

Johnson & Johnson Innovation – JLABS has developed the QuickFire Challenge

platform with the aim to empower and enable potential groundbreaking science

and healthcare solutions by encouraging students, entrepreneurs, researchers

and start-up companies to tackle some of the world's most challenging problems

in healthcare.[3]

"Today's consumers are sophisticated and savvy, accustomed to fast product

launches, multiple product iterations and value-added innovation. We are

excited to launch the first China-based consumer health QuickFire Challenge in

the hope of discovering game-changing solutions for China and the world," said

Melinda Richter, Global Head, Johnson & Johnson Innovation, JLABS[4].

The Skincare of the Future QuickFire Challenge welcomes submissions from

September 3, 2020 to October 23, 2020. For more information (including the

terms and conditions of entry), please visit: http://jlabs.buzz/skincare.

[1] Divisions of Johnson & Johnson (China) Investment Ltd.

[2] Tim Deng is employed by Johnson & Johnson (China) Investment Ltd.

[3] Johnson & Johnson Innovation is committed to promoting a culture of ethical

business practices and obeying all laws, regulations, industry standards and

Johnson & Johnson policies. All parties are required to keep compliant business

practices by putting the focus on consumer care and ethical competition, to

support a positive environment in the health care marketplace.

[4] Melinda Richter is employed by Johnson & Johnson Innovation LLC

SOURCE: Johnson & Johnson (China) Investment Ltd.