20 Jan Tech Wildcatters announces Corporate Innovation Network, the first of its kind
“These corporations were chosen based on their commitment to innovation through collaboration with the startup community,” Gabriella Draney, CEO and cofounder of Tech Wildcatters explained. “Companies like 7-Eleven have proven their commitment in the past by partnering with Tech Wildcatters graduates Koupon Media and YooLotto. We want to encourage more of that type of value creation.”
The Corporate Innovation Network will connect its members with the startups that are creating new technologies and solving problems. The corporations will have the opportunity to present their own challenges to these startups, and “commit to beta testing the product of at least one startup in TW’s portfolio annually.”
“We get approached often by startups and companies looking to work with us,” says Brad Alberts, Chief Revenue Officer of the Dallas Stars. “It’s nearly impossible to understand all the products they’re offering, much less if they’re a quality company to work with. This program is a perfect way for us to sift through the clutter and work with early stage companies with little to no risk.”
Tech Wildcatters created the network in response to the many requests from corporations to better connect and understand startups.
“Since the inception of TW as the first B2B startup accelerator, we’ve had amazing support from the corporate community. Our long-time sponsors American Airlines, Softlayer an IBM company, Silicon Valley Bank, Trinet, Amazon and Roberts Foster have been instrumental in supporting our startups. They have encouraged the interest of newer sponsors such as ModoPayments and Software Assurance and have generally helped us create buzz. This network is a natural progression,” says Clarisa Lindenmeyer, VP of Corporate Relations.