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Case study : WAY, a new skincare companion

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A Korean startup is developing a new essential high tech product for every women.

The story

In December 2014, a new Korean startup is created in Seoul, in the rich district Gangnam. This one is composed of 8 Korean members, all graduated from the biggest University of sciences and technology et have experience inside the cosmetics and beauty world.

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Today, this young company is making some noise. Indeed, it has been built because it finds a good idea : developing a small high tech device able to analyse women skin called WAY. While being connected to your smartphone thanks to an application also developed by the same company, woman will be able to get several informations about the quality of her face skin.

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South Korea is the country where every women and men take the most care of their skin. Korean cosmetics are also well known as being effective. That is why this new device will be sensational as soon as it will be launched (although it is already sensational).

The company is composed of the best employees but it also has a good co-founder which is a Korean dermatologist. This is a perfect combination to achieve success. He helps to collect needed infirmations in order to develop the key elements of the device. 

Crowdfunding success

Crowdfunding. May be you don’t know this word, yet it is a new way used a lot by societies which are looking for investors without interests. How does it work ? Very simple. You have an idea but you don’t have the needed ressources to make it. Thus, you have to develop a promotion for your project et post it on crowdfunding devoted websites. Then, if your idea seduces, anyone can invest as much as they want in your project.

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This system is for everyone who is confident that the project will succeed. That is the case for this Korean society. They were sure that their ne device would seduce users so it chose crowdfunding on the crowdfunding devoted website, Indiegogo. And it was right. Within 72 hours only, the US $50.000 needed have been already raised up.

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And that is not it. The Korean agency also succeed in getting investissements from 3 big societies. Thus, it could reunited within the last month US $500.000 from Koisra Seed Partners, Albatross Investment and SparkLabs.

How does it work ?

Small and round, the high tech device looks like a donuts but smaller. For women, it is as big as a compacte powder. The decide is also very practice, light and easy to  take it everywhere with us.

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WAY is a small device that will allow you to know more about the structure of your face : its moisturisation level, oil level, wrinkles… thanks to two sensors on the edge of the device.

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You will just have to get your smartphone with the application already downloaded (it will be for free when you’ll buy the device and it will be available on Android and iOS), place the device on your skin et click on the app button of your phone called “Analyse”.

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It is better to analyse your face everyday in order to let the device determine the health of your skin as better as it can. Moreover, if it’s better to take WAY everywhere with us, it is simply because the it is also composed of UV, humidity and dryness sensors.

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Thus, while providing everyday advices, WAY will be able to advice you about the best behavior to adopt according to the environment around you. For example, if you’re inside a dry space, WAY will advice you to drink water, or if you are outside and the sunlight is strong, it will tell you to put suncream. WAY is a device to make your skin perfect. It will simplify your life.

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The device has been developed to last a whole week per recharge but since it is composed of a micro USB port, you will be able to recharge it from your laptop or other.

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Plus, according to other users’ informations, WAY will be able to advice you on the best beauty products to use for your skin and for your environment. Partnerships with cosmetics enterprises could push these advices even further.

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Partnerships ?

Just like I just said, WAY, according to other users’ informations, is able to give you advices about beauty products that you should use for your skin type and according to the environment around you.

But this is only the first step. Indeed, the Korean startup wants to go further by developing partnerships with several international cosmetics brands so that the device will be able to advice even better products and a wide choice line from the cheapest to the most expensive ones.

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Thanks to these partnerships, the company wants to show the Korean cosmetics world to users. Indeed, the device being Korean, creators prefer to promote Korean cosmetics which are already quite popular worldwide.

Some of these partnership seem to be discussed right now but the device still being in development, these ones are still secrets. We will discover them when WAY will be launched.

Every women from all over the world are taking care of their skin and want a perfect one. But how to achieve that when you don’t understand your skin or that you don’t even know your skin type ? Today, you can know everything and even more thanks to the new high tech innovation of a new Koran startup : WAY. Its development is still in progress but it should be finished before the end of this year. Its launch should starts in November 2015 at a cost of US $99 on the crowndfunding website Indiegogo on pre-order (until its launch in November) and then it will cost US $149 in stores. This new device isn’t launched yet but it is already doing some nice within the beauty world thanks to crowdfunding. This method is actually really popular in China too. The most famous crowdfunding platform here is DemoHour. It could reach a business of US $25 billion in 2025. 

To know more about Cosmetics in China, go to see more on our website.

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