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Gates rejoins Innovators Colorado

Gates Corporation has rejoined Innovators Colorado (iiCO), a network of Colorado-based companies working together to solve each others' problems and launch new companies and services to meet members' needs. The organization is the first regional chapter of Innovators International.

The Colorado chapter of Innovators International has already launched a company called iiFund, explains Thomas Knoll, president of Innovators Colorado. "It's a corporate venture capital fund created to help our members acquire and license new technologies." He adds, "We're in the process of creating several new companies that will acquire and license new technologies for our members. These companies will serve our members' strategic and financial interests."

Gates Corporation has renewed its membership to bolster its efforts to build the most cutting-edge growth engine in their industry. "Gates is interested in creating a new innovation management system that allows new ideas, products and services to move through their company more rapidly while producing better results," Knoll explains.

The organization's members include chief innovation officers and meet on a quarterly basis to discuss solutions to each other's innovation challenges. They also share venture capital and consulting services aimed at building innovation engines.

"The marketplace requires a relentless pace of continuous innovation and by joining forces with other large, innovative organizations we are better positioned to ensure our competitiveness," says Tom Pitstick, Gates SVP of Innovation.  "Innovators Colorado plays a critical role in helping Gates Corp build a reliable innovation department -- an engine for our company's growth."

Knoll says that Gates will use its partnership to help the company create a new innovation management system. The system will help new ideas, move through the company rapidly to create new products and services.

The group will have its next meeting at Colorado's CableLabs -- a member of iiCO -- on Feb. 23.

Contact Confluence Denver Innovation & Jobs News Editor Chris Meehan with tips and leads for future stories at chris@confluence-denver.com.

Read more articles by Chris Meehan.

Chris is a Denver-based freelance writer, editor and communications specialist. He covers sustainability, social issues and other topics.
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