Did you know KITE publishes a monthly newsletter for corporate innovation leaders? Our most recent edition (below) highlights the innovation business case for diversity, top tech trends and news, how to avoid failure, our SXSW 2018 corporate innovation sessions and more. We recommend subscribing right now so you don’t miss future editions. Bonus: new subscribers also receive a copy of our State of Startup Innovation survey.
“If I just went with my own gut, always, why [do] I have a team,” she asks rhetorically. “They’re not paper monkeys to do the research and serve it up to me.”
— Bonny Simi, President of JetBlue Technology Ventures, on the power of having a team with diverse backgrounds, in Fast Company.
Last summer, global pharma company Abbott Laboratories announced its partnership with Bigfoot Biomedical, a startup that creates diabetes care devices and systems. The plan: for Bigfoot to use Abbott’s glucose-sensing technology to develop a personalized, user-friendly system for delivering insulin — no finger-prick required. Both are committed to changing how diabetes is managed.
Although the companies have not revealed how far they’ve come with a combined product, their partnership progressed well enough in eight months that Abbott recently invested in Bigfoot as part of its $55MM Series B round.
Takeaway: When long-term visions align, as with Abbott and Bigfoot, take advantage of opportunities to deepen the partnership in a way that benefits both parties.
More from Bigfoot on the investment here.
KITE hosted a half-day of startup innovation-focused programming for corporate innovation leaders at SXSW to highlight approaches that are showing promise, what global scale of promising efforts looks like, and innovation at the board of directors level. End your FOMO and binge-watch all three sessions.
As we’ve learned from compiling this report, female-founded and led companies are as brilliantly diverse as the women who create them, spanning a range of industries and technologies.
We encourage you to download it now and discover a potential partner that could help solve your business challenges.
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