Estée Lauder Companies invests in new labs and office spaces for its STEM initiative. The beauty giant formed a partnership with Farmingdale State College to encourage STEM education and job opportunities in the field and among the younger generations.
The strategic alliance aims to drive innovation. Approximately 40,000 square feet of laboratory and office space has been leased by the beauty brand for Farmindgale's use. The additional spaces are located at Broad Hollow Bioscience Park, on the FSC campus, and will include an applied learning initiative to prepare students for potential R&D roles. . Select items of employees will relocate to the new campus facilities. In addition to its real-estate expansion, Estée Lauder intends to hire talent for more than 30 new scientific R&D roles this coming spring.
Image Credit: Estée Lauder
What Makes This Trend Stand Out
- STEM Education Partnerships
- Beauty brands are forming strategic partnerships with educational institutions to encourage STEM education through investment in lab and office spaces.
- Applied Learning Initiatives
- Beauty brands are creating applied learning initiatives to prepare students for potential R&D roles, to drive innovation.
- Scientific R&D Talent Acquisition
- Beauty brands are hiring talent for scientific R&D roles to drive growth and innovation through leveraging technical expertise.
Sectors Adopting This
- Beauty and Cosmetics Industry
- Beauty brands are investing in STEM initiatives to drive innovation in the beauty and cosmetics industry through cultivating technical expertise and scientific research.
- Higher Education Industry
- Beauty brands are leasing laboratory and office space from educational institutions for STEM initiatives, creating opportunities for partnerships between higher education and private industry.
- Scientific Research and Development Industry
- Beauty brands are investing in scientific R&D talent acquisition to drive innovation and growth by leveraging technical expertise and research and development capabilities.
