Stanley X is the innovation business of Stanley Black & Decker.
Located in Silicon Valley, Atlanta, and India, they are a group of business leaders, entrepreneurs, technologists, designers, and strategists on a mission to create new sources of growth for Stanley Black & Decker and to lead disruption in their core industries.
Kevin Lemke is one of the co-founders of Stanley X, where he incubates new ventures and is building a portfolio of organically grown businesses, investments and commercial partnerships. In that role, Kevin established the strategic direction of the incubator, launched the venture studio team, and developed its methodologies and capabilities.
Kevin guided five new ventures from concept to funded businesses to acceleration in the market, generating Stanley X's first base of recurring revenue, and established an incubator with the ability to continuously launch new businesses.
In this session as part of Innov8rs Unconference 2021, Kevin led a discussion around establishing a strategy, organization and set of capabilities to drive transformational innovation within large companies.
He shared experiences and lessons learned in setting up the Stanley X venture studio, gaining organizational alignment, launching their first new ventures, and creating the engine for building a diverse portfolio of ventures designed to create new sources of growth for Stanley Black and Decker and counter disruption to their core business.
As recorded during Innov8rs Connect Unconference 2021. For access to 500+ other videos and resources, become a member of Innov8rs Community - apply to join here.