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‘There’s Always A Premium On Great Ideas’ Says General Mills’ 301 Inc. Venture Group Leader While Talking Innovation
Aug 21, 2019, 01:39am
‘There’s Always A Premium On Great Ideas’ Says General Mills’ 301 Inc. Venture Group Leader While Talking Innovation

Barb StuckeyContributor
Food & Drink
beverages  Big_Food  brands  corporate_investors  food  incubators  innovation 
11 weeks ago by jerryking
For Sephora, the store is core to its beauty
July 24 2019 | | Financial Times | by Harriet Agnew and Hannah Copeland in Paris.

**Sephora stores focus on experience, allowing consumers to test products digitally on a virtual mirror for instance or personalise products **

Like its stores in New York’s Times Square and Dubai Mall in the Middle East, Sephora in La Défense has recently reopened after an extensive refurbishment. The investment reflects how bricks and mortar and experiential retail are key to Sephora’s growth. The LVMH-owned group, which stocks about 300 brands alongside its own label, has increased sales fourfold in the past eight years, fuelled by a booming beauty market........“A lot of people are scared of the retail apocalypse so they’re not investing in stores, and that becomes a self-fulfilling prophecy,” said chief executive Chris de Lapuente in an interview on the shop floor. “We’re investing in our stores, taking our top 100 stores in the world and renovating them to the best possible standard.”....Mr de Lapuente says one attraction of Sephora is that consumers “discover brands they can’t find anywhere else”, noting that about a third of its offerings are exclusive to Sephora, and it acts as an incubator for upcoming or niche brands....Exclusivity might be with Huda, which began selling false eyelashes in Dubai and subsequently developed a collaboration with Sephora; pop star Rihanna’s cosmetics brand Fenty, which is on track for €500m sales this year; or an exclusive collaboration with Dior for the Dior Backstage range of make-up.

Pointing to the beauty bar where customers can get a free makeover, Mr de Lapuente added: “Experiential retail is crucial to our success. Sephora is a place where people come for advice, they come to listen. We teach, inspire and play . . . You’re not going to get this online. Online you can do your research . . . here you can come and experiment.”

Mr Fujimori agrees, saying Sephora “successfully combines experiential retail with a leading ecommerce presence, leveraging digital technology to enhance the shopping experience in-store and online”......
Please use the sharing tools found via the share button at the top or side of articles. The challenge now for Sephora is to stay ahead in a world where there are more make-up and beauty brands than ever, and social media has lowered barriers to entry and boosted the speed to market. Meanwhile, Amazon last month announced the launch of its professional beauty stores, aimed at the mass market.

“Amazon is just another one of the many choices out there,” said Mr de Lapuente. “They have a strong e-commerce offering. They don’t have stores. We love that consumers love to shop online and in store.” He says that customers who buy both on- and offline tend to purchase three times more than those who buy using just one channel. Ecommerce represents an average of 20 per cent of sales in each country for Sephora, which uses influencers to build its community. “Amazon just forces us to raise our game.”....

The pressure is on to keep on innovating. “Beauty is so fast-moving, you can’t cruise,” said Mr de Lapuente. He says innovation will come both from new products (citing untapped potential in haircare and wellness), and from the way in which brands reach consumers. He sees opportunities in areas like voice-activated ordering through home assistants such as Amazon’s Alexa, and social commerce through platforms like China’s WeChat.

But despite such technological developments, for Mr de Lapuente, the store has a robust future.

At La Défense, customers are returning to work with Sephora’s distinctive striped bags modelled on the black and white stripes of Italy’s Siena Cathedral. “Is physical retail alive or dead?” mused Mr de Lapuente among the throng of shoppers. “It looks pretty alive to me. The store is where the magic happens.”
Amazon  beauty  brands  bricks-and-mortar  customer_experience  cosmetics  digital_influencers  e-commerce  experimentation  experiential_marketing  high-end  in-store  incubators  innovation  LVMH  makeup  millennials  omnichannel  refurbished  renovations  Sephora  women 
july 2019 by jerryking
Hearst ‘Incubator’ Focusing on Women-Led Startups - WSJ
By Jeffrey A. Trachtenberg
Aug. 17, 2017

HearstLab has looked at more than 700 companies, Ms. Burton said.

For HearstLab to invest, a business must be led by a woman, have a product generating at least some revenue, and be willing to move to Hearst Tower. “It’s a seed that has been created and we put it in the greenhouse,” she said.

HearstLab usually invests $250,000 to $500,000 through the form of a convertible note that typically converts to a 5% to 7% equity stake after a startup lands outside capital.

A separate women-focused, early-stage investment fund, Female Founders Fund, invests primarily in e-commerce, technology services, web services, and new platforms. It has invested in 30 companies through two separate funds since launching in 2014, including Zola, a wedding registry, and Maven, a digital clinic for women’s health.

“It’s typically been quite difficult for women to raise startup financing,” said Anu Duggal, the fund’s founding partner. “We’re proving you can get great returns by choosing this investment thesis.” Ms. Duggal declined to say how much Female Founders Fund has invested altogether.

Lindsay Jurist-Rosner, Wellthy’s co-founder and chief executive, said in an interview that she moved into Hearst Tower in June 2016. Wellthy has since struck a corporate sponsorship deal with Hearst that enables Hearst to offer its services as an employee benefit.

That deal, she noted, has helped Wellthy land other contracts with major employers. “It’s been a validator,”
Hearst  incubators  brands  start_ups  women  venture_capital  vc  founders  funding 
august 2017 by jerryking
Venture Communism: How China Is Building a Start-Up Boom - The New York Times
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subsidies  China  start_ups  industrial_policies  entrepreneurship  incubators  cities 
september 2016 by jerryking
Big sports teams look to small startups for tech edge | CIO
startup community for technologies that can enhance the fan experience and improve business operations, on and off the field.
LBMA  accelerators  incubators  Mondelez 
may 2016 by jerryking
Semiconductor Start-Ups Get Their Own Accelerator - IEEE Spectrum
y Tekla Perry
Posted 17 Dec 2014

Do semiconductor companies really need their own incubator, or start-up accelerator, or launchpad, or whatever the buzzword is this week? According to a press release from the new organization, semiconductor startups have been feeling left out, because “traditional investors have mostly abandoned early stage semiconductor investing.”

And the industry is ripe for an incubator, because, finally, semiconductor innovation is requiring less investment than ever before.
semiconductors  start_ups  incubators  accelerators 
june 2015 by jerryking
Morgan Stanley Vet Builds Enterprise Startups With Work-Bench Ventures - Venture Capital Dispatch - WSJ
Morgan Stanley Vet Builds Enterprise Startups With Work-Bench Ventures

fin-tech  financial_services  start_ups  incubators  New_York_City 
february 2015 by jerryking
Program Offers Bitcoin Entrepreneurs Camplike Atmosphere - WSJ
Nov. 30, 2014

Boost, founded in 2012 to incubate a range of startups, is increasingly focused on bitcoin, helping to develop business plans and connect bitcoin-focused entrepreneurs with potential investors. It aims to take the virtual currency beyond the initial enthusiasts who mostly embraced libertarian philosophies and build profitable companies....Mr. Draper, who wants to fund 100 bitcoin companies within three years, said he chooses applicants to join his “tribe” based on their vision and how much they can use the money.

The younger Mr. Draper, who recently raised more than $6 million from investors to fund Boost, benefits if the companies strike bitcoin gold. Boost invests $10,000 to $20,000 for a 6% stake in each company selected for the boot camp.

The participants even bunk together at a dormlike hotel, owned by Tim Draper, across the street from the Boost offices.
Bitcoin  Silicon_Valley  venture_capital  incubators  start_ups  crypto-currencies  virtual_currencies  digital_currencies  currencies  metacurrencies  tribes 
december 2014 by jerryking
Stanford and Its Startups
Stanford  start_ups  Colleges_&_Universities  entrepreneurship  incubators 
august 2014 by jerryking Ryerson president believes innovation can be learned
April 23, 2014
Sheldon Levy helped create the school's Digital Media Zone, an incubator for students to test their inventions
Ryerson  incubators  Colleges_&_Universities  innovation  DMZ  Sheldon_Levy 
june 2014 by jerryking
Nike Courts App Developers for FuelBand, Takes a Page From Apple's Playbook -
June 19, 2013 | WSJ | By SHELLY BANJO.

Nike is giving select developers terabytes of data from customers wearing the digital wristband. The company hopes the aggregate data—from the average duration of a run (35 minutes) to how energetic residents of certain cities are (New Yorkers move more than Angelenos)—will lead to apps that make the FuelBand more indispensable to users....Nike's data-sharing venture is part of a larger shift at the Beaverton, Ore., sportswear giant to think more like a technology company. Nike, which reported $24 billion in revenue last year, can no longer just make sneakers and clothing...but also must develop a technology business to better connect with customers who are increasingly glued to smartphones and social media...."The iPhone was successful because people built great apps around it," said Greg Gottesman, managing director at Madrona Venture Group, LLTP -7.41% a Seattle venture capital firm, and a Nike accelerator mentor. "Nike will be more successful owning a platform, rather than just a product."...Nike created a new digital sports division in 2010 to build a more vigorous technology platform around its Nike Plus offerings, placing it in a separate building on its headquarters campus to avoid the company's bureaucracy.

The results so far include the FuelBand, an exercise training game for the Xbox, and basketball shoes with built-in pressure sensors that measure how high players jump.

"Are we a traditional technology company? No, but we're finding a place where technology plays a relevant role in bringing innovation to every athlete in the world," Mr. Olander said.
software_developers  mobile_applications  Nike  Shelly_Banjo  sports  sportswear  sensors  incubators  start_ups  data_driven  platforms  ecosystems  connected_devices  wearables  accelerators  athletes_&_athletics  playbooks 
june 2013 by jerryking
Max Levchin talks about data, sensors and the plan for his new startup(s) — Tech News and Analysis
Jan. 30, 2013 | GigaOm |By Om Malik.

“The world of real things is very inefficient: slack resources are abundant, so are the companies trying to rationalize their use. Über, AirBnB, Exec, GetAround, PostMates, ZipCar, Cherry, Housefed, Skyara, ToolSpinner, Snapgoods, Vayable, Swifto…it’s an explosion! What enabled this? Why now? It’s not like we suddenly have a larger surplus of black cars than ever before.

Examine the DNA of these businesses: resource availability and demand requests — highly analog, as this is about cars, drivers, and passengers — is captured at the edge, automatically where possible, then transmitted and stored, then processed centrally. Requests are queued at the smart center, and a marketplace/auction is used to allocate them, matches are made and feedback is given in real time.

A key revolutionary insight here is not that the market-based distribution of resources is a great idea — it is the digitalization of analog data, and its management in a centralized queue to create amazing new efficiencies.”
massive_data_sets  data  Max_Levchin  radical_ideas  sensors  start_ups  incubators  San_Francisco  sharing_economy  analog  efficiencies  meat_space  data_coordination  match-making  platforms  Om_Malik  resource_management  underutilization  resource_allocation  auctions  SMAC_stack  algorithms  digitalization 
february 2013 by jerryking
The Technopreneurs
Winter 2013 | University of Toronto Magazine | By Alison Motluk
The Technopreneurs

Science students get a month-long crash course in turning an idea into a viable business at U of T’s “Techno” program.
By Alison Motluk
uToronto  alumni  entrepreneur  entrepreneurship  incubators 
january 2013 by jerryking
M.I.T. Lab Hatches Ideas, and Companies, by the Dozens -
November 24, 2012 | NYT | By HANNAH SELIGSON.

Dr. Robert Langer, 64, knows how. Since the 1980s, his Langer Lab at the Massachusetts Institute of Technology has spun out companies whose products treat cancer, diabetes, heart disease and schizophrenia, among other diseases, and even thicken hair.

The Langer Lab is on the front lines of turning discoveries made in the lab into a range of drugs and drug delivery systems. Without this kind of technology transfer, the thinking goes, scientific discoveries might well sit on the shelf, stifling innovation.

A chemical engineer by training, Dr. Langer has helped start 25 companies and has 811 patents, issued or pending, to his name.
MIT  Colleges_&_Universities  entrepreneur  entrepreneurship  start_ups  technology_transfers  scaling  mentoring  biotech  pharmaceutical_industry  innovation  academia  commercialization  accelerators  incubators 
november 2012 by jerryking
Don't just co-operate on innovation: collaborate too
March 14th, 2012 | Globe & Mail | Editorials.

A Public Policy Forum report makes a persuasive case that Canada's comparative weakness in innovation and productivity growth is not so much a matter of any supposed lack of inventiveness, or of deficient economic policies, as of a characteristically Canadian difficulty in making contacts and establishing practical collaborations among innovators and investors.....there is a need to identify ways and means by which "angel" investors, venture capitalists and mentors, on the one hand, and researchers and inventors, on the other, find each other.......a recurrent theme of this report is the fairly inexpensive creation of "incubators" and other physical spaces and contexts – "soft infrastructure" – in which such relationships can be hatched. All concerned should encourage networking.....although competitiveness in the global marketplace matters more than geography, the distinctly geographical fact of regional clusters is central to the report – Waterloo, Ont., is the best-known Canadian example....Canadians need to learn how to accept failure and to try again – as inventors must do........Lynch spoke about being co-operative – in other words, accommodating – but Canadians are often lacking when it comes to being collaborative described as the creation of "real working arrangements to share risk, obligation and reward."

In effect, this report takes E.M. Forster's phrase in his novel Howard's End, "Only connect," and adds, "Actually work together, too."
angels  clusters  editorials  collaboration  incubators  innovation  inventiveness  investors  Kevin_Lynch  Kitchener-Waterloo  productivity  vc 
april 2012 by jerryking
Food Start-Ups Flock to Old Pfizer Factory in Brooklyn -
March 27, 2012 | NYT | By RONDA KAYSEN.

Pfizer’s decision prompted a feverish community effort to convert the property to a mixture of affordable housing, retail and manufacturing. But those hopes were dashed when Pfizer abandoned plans to convert the factory to affordable housing.

In February 2011, it sold the eight-story plant and adjoining parking lot to Acumen, a firm that specializes in adapting industrial properties for new uses. Pfizer is still trying to sell several remaining parcels.

Pfizer provided Acumen with financing to purchase the factory and parking lot, a decision that Pfizer officials point to as an example of the company’s commitment to the neighborhood.
affordable_housing  Brooklyn  economic_development  food  incubators  manufacturers  New_York_City  Pfizer 
march 2012 by jerryking
Floating city conceived as high-tech incubator - The Globe and Mail
michael posner
From Saturday's Globe and Mail
Published Friday, Feb. 24, 2012
incubators  Silicon_Valley  maritime 
february 2012 by jerryking
Some Fear a Glut in Tech 'Incubators' -
DECEMBER 1, 2011
Some Fear a Glut in Tech 'Incubators'
incubators  Max_Levchin  Paul_Graham  Y_Combinator  Jessica_E._Vascellaro 
december 2011 by jerryking
Silicon Valley Reborn as Smartphone Valley - CNBC
4 Oct 2011 | Financial Times| By: Chris Nuttall.

Apple’s unveiling of the iPhone 5 on Tuesday at its Cupertino HQis just the latest sign that Silicon Valley is taking on a fresh mantle of Smartphone Valley, with its growing reputation making it a magnet for mobile operators around the world.

AT&T, Verizon and Vodafone have all just opened research, testing and incubation centres in San Francisco and the Valley only weeks apart. weeks apart....The app culture that both have engendered means there is a race on among operators to feature the newest trends and advances in software first, amid fierce competition for the attention of Silicon Valley developers.

Vodafone’s lab allows developers to incubate their ideas and test how apps and services would perform on the worldwide networks it replicates at its facility.

“We want to bring to market these ideas and accelerate the process – the hope is that six to nine months after we prove something here, it can be in the hands of a user in one of our operating countries,”
Chris_Nuttall  Silicon_Valley  smartphones  Apple  Android  mobile_applications  iPhone  software_developers  wireless_networks  Verizon  Vodafone  incubators  accelerators 
october 2011 by jerryking
Canadian universities join global race to spark innovation - The Globe and Mail
From Thursday's Globe and Mail
Published Wednesday, Jul. 20, 2011 6:51PM EDT
Last updated Thursday, Jul. 21, 2011
Colleges_&_Universities  innovation  incubators 
july 2011 by jerryking
Building the business of art - The Globe and Mail
From Saturday's Globe and Mail
Published Friday, Jun. 03, 2011

Artscape president and CEO Tim Jones spends his days finding and
creating spaces around the city for artists. His big idea for Toronto
would be to give artists the tools – under one roof – to develop the
business side of their work...Founded in 1986, Artscape grew out of the
Toronto Arts Council’s recognition that it needed to defend artists’
live-work space. Since then, the not-for-profit has been working against
the forces of gentrification to maintain affordable studio space.
affordability  artists  creative_class  incubators  art  business_development  business_planning  gentrification  Artscape 
june 2011 by jerryking
Stanford's SSE Labs Creating Entrepreneurial Buzz in Silicon Valley -
MAY 25, 2011 | WSJ | Scott Austin. SSE Labs is
drawing the attention of heavy-hitting investors in part because of its
direct ties to Stanford U., nesting ground to Cisco Systems Inc.,
Google., Sun Microsystems Inc., etc....the aim of the student-led SSE
Labs is to train students how to be leaders...SSE Labs chooses the
brightest founders from a large batch of applicants to participate in a
weeks-long mentoring program, in this case for the 3-month duration of
the fall, spring or summer sessions.
SSE Labs brings in a host of mentors—venture capitalists, angel
investors, lawyers, serial entrepreneurs—to provide advice, plus offers
customized classes around logistics (e.g. mktg., employment issues),free
web hosting via, and legal services from Dorsey &
Whitney. It also holds a "Demo Day," where its member companies pitch
to investors...SSE Labs does not taking any equity in the start-ups like
Y Combinator does.
silicon_valley  incubators  start_ups  Stanford  SSE_Labs  entrepreneur  Pat_Condon  founders 
may 2011 by jerryking
Start-Up Programs Find Niche -
NOVEMBER 18, 2010 | Wall Street Journal | By SARAH E.
NEEDLEMAN. Some business incubators—programs designed to support
early-stage companies—are going niche, specializing in industries like
fashion, food and design. These programs are focusing on entrepreneurs
in emerging fields or areas that require expensive resources to get
Sarah_E._Needleman  start_ups  incubators  specialization  fashion  food  design  early-stage 
november 2010 by jerryking
Start-Up U | U of T Culture of Innovation, Commercialization of Research in Toronto
Autumn 2010 | University of Toronto Magazine | By David Naylor. U of T is helping to create a culture of innovation
By David Naylor
start_ups  uToronto  MaRS  commercialization  innovation  entrepreneurship  interdisciplinary  incubators  David_Naylor 
november 2010 by jerryking
The Idea Incubator Goes to Campus
June 25, 2010 | | By BOB TEDESCHI. M.I.T. is in
the vanguard of a movement involving a handful of universities
nationwide that work closely with investors to ensure that promising
ideas are nurtured and turned into successful start-ups. At first
glance, the centers look like academic versions of business incubators.
But universities are getting involved now at a much earlier stage than
incubators typically do. Rather than offering seed money to businesses
that already have a product and a staff, as incubators usually do, the
universities are harvesting great ideas and then trying to find
investors and businesspeople interested in developing them further and
exploring their commercial viability.

In the jargon of academia, the locations of such matchmaking are known
as “proof-of-concept centers,” and they’re among a number of new
approaches to commercializing university research in more efficient and
purposeful ways — and to preventing good ideas from dying quietly.
Colleges_&_Universities  commercialization  incubators  entrepreneurship  start_ups  MIT 
june 2010 by jerryking
Entrepreneurs Find New Way to Grow -
MAY 11, 2010 | Wall street Journal | By SARAH E. NEEDLEMAN
entrepreneur  start_ups  incubators 
may 2010 by jerryking
Incubator For New Jewish Ideas Bullish
Apr 3, 2009 | The New York Jewish Week Vol. 221, Iss. 45; pg. 12, 2 pgs| Tamar Snyder
economic_downturn  incubators  Jewish  economic_development  social_capital  start_ups  Toronto  ethnic_communities 
november 2009 by jerryking
Incubators, accelerators, and ignition |
14 Apr, 2009 | blog post on on the absence of
institutional funding arrangements for Toronto-area startups in the form
of incubators and accelerators.
start_ups  entrepreneurship  Toronto  incubators  funding  accelerators 
may 2009 by jerryking

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