Innovation Labs: Innovate or Die
The primary struggle in outsourcing R&D is being able to separate the worthwhile technologies from the shiny new objects that don't produce sustainable benefits. In-house R&D labs provide testing in real time, which minimizes the need to search and analyze existing technologies. Smaller companies without such assets face significant challenges in that regard. Fortunately, there are numerous resources available to retailers that are looking to navigate the chaotic startup space on their own.
- Companies:
- Amazon.com
- Wal-Mart
- Places:
- United States
John Grech is currently the Head of Retail Partnerships at Loop Commerce leading sales, business development and growth for the company. Loop is powering GXM for leaders like Target, Neiman Marcus, Vera Bradley, Coach, Kate Spade Michael Kors, and others. Prior to Loop, he was Co-Founder of Iterate Studio, a venture designed to close the gap on how retailers and brands access early-stage startup innovation. Essentially, Walmart Labs for everyone else and delivered as a service.
