At Target, innovation begins from within
Article by: THOMAS LEE , Star Tribune
Updated: August 3, 2013 – 3:40 PM
The retail giant is moving speedily to catch up with and surpass new technologies and expand its customer base.
Target’s Hi Tech support area, like Apple’s retail Genius Bar, lets employees attend workshops and get personal help with technology issues. The center has been so popular at the downtown Minneapolis campus that it might be expanded to Brooklyn Park or even as a roving team of specialists.
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That power was just not in hand before.” Elde shares with Voytas an interest in seeing exciting U discoveries introduced to the market. The U has a well-developed technology transfer practice, and the common approach would be to license the technology to a start-up in which Voytas could have some involvement. The U helped launch a record 14 start-ups in its most recent fiscal year. Except Voytas himself has been through that before, as co-founder and CEO of a failed start-up, and he was wiser this time. His Iowa deal wasn’t just a quiet disappointment for him.
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