Winner: L’Oréal

Clichy, Hauts-de-Seine, France

In 2023, the beauty giant invested over $1.4 billion in R&D, launched more than 3,400 new formulas created by more than 4,000 researchers, and filed 610 patents.

Finalists:

E.l.f. Beauty, Oakland, CA
Figs, Santa Monica, CA
On, Zürich
Saie, New York
Timberland, Stratham, NH

Apply to the Most Innovative Companies Awards and be recognized as an organization driving the world forward through innovation. Final deadline: Friday, October 4.