TechNexus Venture Collaborative, helping leading corporations and ambitious entrepreneurs work together to create new business models, new revenue streams, new products, and markets.
Hi there,
Welcome to November's Update: a monthly newsfeed curated with news & insights for entrepreneurs, investors, corporate change-makers, and curious innovators.
Did you know that Corporate Innovation has a lot in common with building a first-class racing team? Especially when it comes to leveraging entrepreneurs as part of your strategy.
TechNexus founders Fred Hoch and Terry Howerton sat down together at this year's Chicago Venture Summit to dive into the secrets of successful industry-venture partnerships.
"When we think of crisis, we typically think about it as time-bound, event-based, singular—something happening right now that needs attention ASAP! But for most large corporations, disruption is a crisis, an existential one knocking on the door of the most powerful industry incumbents. Having startup partnerships allow large corporations to rethink who they are or might become. These relationships open your eyes to new possibilities and ways of doing business that chart a clearer path forward, empowering you to thrive."
We're thrilled to share some recent successes from our incredible portfolio.
Stellantis announces the launch of a new integrated Miles rewards program and app, Stellantis Miles, that enables customers of Chrysler, Dodge, Jeep, Ram, Fiat, or Alfa Romeo vehicles to earn miles for all their travel, not limited to driving. (Press Release)
But wait, there's more...Stellantis to test sending safety alerts of nearby hazards directly to Jeep, Ram vehicles by teaming up with HAAS Alert. (Detroit Free Press)
Autonomous marine companies Sea Machines and Hefring Marine shared their insight, expertise, and experience in this recent article about the future for robot boats. (Lifewire)
Symbl.ai, a provider of conversational intelligence APIs and tools, gets $17M. The company helps developers ingest conversation data from text, voice, email, chat, video, and social and provides understanding and context around the language. (Venture Beat)
Plus, the launch of Symbl.ai for Startups— a program for pre-seed to seed-stage companies building the next generation of conversation-centric AI products and services. >>>Check it out here.
Visual commerce company Threekit raises $35M to thrive in the metaverse. TechNexus joins other investors, including Leaders Fund, ServiceNow, Salesforce, Shasta Ventures, and others. (Built In Chicago)
As wildfires grow more common and severe, tech startups like Edgybees say they can help. (Morning Brew)
The New York Times reports on the travails of Catch Co's "12 Days of Fishmas" advent calendar to highlight the supply chain hurdles for many businesses trying to deliver items in time for the holidays. (NYT)
Perch is hiring! Perch uses computer vision and machine learning to make strength training data-driven, connected, and safe. Available roles include: Head of Business Operations & People, Front End Engineer, Software Engineer. (Learn more)
TechNexus news
A roundup of what's happening at TechNexus Venture Collaborative.
And finally, over the past month, we've supported, participated, and helped host a range of new, fun, community events, including Chicago's Tech Exec Breakfast, Women in VC Happy Hour, and All Raise + P33's Women in Tech Happy Hour. Looking forward to enjoying many more events this winter.
That's it for November's update. We welcome December with open arms and some new, exciting content. We'd love for you to share this newsletter with anyone you think might find it useful or interesting and encourage them to sign up. And if you've got questions or comments, please reply directly.
