Laura Victoria Olascuaga Pinto was born in Cartagena, Bolivar, Colombia. When she represented Bolivar at Señorita Colombia 2018 on November 12, 2018, she competed against 25 other candidates at the Cartagena de Indias Convention Center in Cartagena, Colombia and was runner-up to Gabriela Tafur of Valle del Cauca.
On November 16, 2020, Olascuaga won the inaugural edition of Miss Universe Colombia at the Pabellón de Cristal in Barranquilla, Colombia. She was crowned by Miss Universe Colombia national director Natalie Ackermann.
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Miss Universe Colombia 2020 results
| beauty pageant: Miss Universe Colombia international membership: Miss Universe national director: Natalie Ackermann |
| edition: 1st date: November 16, 2020 venue: Pabellón de Cristal, Barranquilla, Colombia broadcaster: RCN Television candidates: 30 |
| hosts: Sebastián Carvajal, Valerie Domínguez, Susy Mora, Diego Pascuas performers: Maía, Felipe Peláez, Mr. Black, Bemba Colorá, Gaiteros de Pueblo Santo |
JUDGES
- Amalin de Hasbún
- Catriona Gray
- Luz Elena Restrepo
- Natalia Barulích
- Pilar Guzmán Lizarazo
FINALISTS
| PLACEMENT | NAME (HOMETOWN) |
| Top 16 | Carolina Londoño Mejia (Antioquia) María Alejandra Castillo Schoonewolff (Atlantico) Juliana Aristizábal Bríñez (Caldas) Marelis Salas Julio (Cartagena) Gina Paola Cazarán Bohórquez (Casanare) Mary Trini Araque Díaz (Cesar) María José Vargas Fierro (Huila) María Juliana Franco Ramos (Meta) Dahiara García (Nariño) Angie Patricia Cuero Reina (Valle del Cauca) |
| Top 6 | Dayana Cárdenas Mestra (Cabildo Encanto Amazonas) Bárbara Rodríguez Nazarith (Cauca) Yeraldin Grajales Arias (Quindio) |
| Top 3 | Laura Victoria Olascuaga Pinto (Bolivar) Jenifer Pulgarín Candelo (Norte de Santander) Laura Juliana Lamus Vargas (Santander) |
SPECIAL AWARDS
- Figura Fitness-Bodytech: Daniela Valentina Mejía Forero (Cundinamarca)
- Miss Elegancia Mariano: Laura Victoria Olascuaga Pinto (Bolivar)
- Miss Bulova Time: Yeraldin Grajales Arias (Quindio)
- Miss Bioseguridad Luvone: María Juliana Franco Ramos (Meta)
- Mejor Sonrisa (Best Smile): Yeraldin Grajales Arias (Quindio)
- Mejor Rostro (Best Face): Laura Juliana Lamus Vargas (Bolivar)
- Mejor Cabello (Best Hair): María Alejandra Castillo Schoonewolff (Atlantico)
- Mejor Cuerpo (Best Body): Marelis Salas Julio (Cartagena)
- Mejor Mirada (Best Look): Bárbara Rodríguez Nazarith (Cauca)
- Mejor Traje de Fantasía (Fantasy Costume): Dayana Cárdenas Mestra (Cabildo Encanto Amazonas)
WINNERS
| PLACEMENT | 2020 | 2019 Señorita Colombia |
| 4th runner-up | N/A | Valentina Aldana Cauca |
| 3rd runner-up | N/A | Mariana Jaramillo Caribbean Region |
| 2nd runner-up | Laura Lamus Santander | Paula Jimenez Antioquia |
| 1st runner-up | Jenifer Pulgarín Norte de Santander | Maria Alejandra Salazar Huila |
| Miss Universe Colombia | Laura Olascuaga Bolivar | Maria Fernanda Aristizabal Quindio |
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