VOICED: Cosmetic Valley, the heart of the worldÕs beauty creams

Cosmetic Valley, located south of Paris, is a hub for over 500 companies, including major brands like Dior and Chanel. It fosters innovation through collaboration among suppliers and producers. The region also supports startups, such as those researching micro algae for cosmetic uses. With significant R&D efforts, Cosmetic Valley helps small companies grow and gain credibility, contributing to an €11 billion industry.

Describe the collaboration mentioned between different professionals in Cosmetic Valley.

What is the annual turnover of the cosmetic industry mentioned in the text?