The success of ITEN’s Corporate Innovation Program pilot is providing the platform to expand the program in the Midwest
(ST. LOUIS) October 30, 2017 – ITEN (www.itenstl.org) is excited to announce that Elaine Queathem is joining the ITEN team as the lead Entrepreneur in Residence (EIR) for our Corporate Innovation Program (CIP). We plan to build upon the success of our inaugural year and expand the program from five to 10 corporations. “Elaine’s unique experience with both tech startups and as a senior level executive in corporations will prove valuable in supporting and leading our CIP efforts. We are very excited to have her as a team member,” said Mary Louise Helbig, Executive Director.
Elaine has an MBA from Webster University, her career accomplishments include operations, financial management, sales and business development for both Fortune 500 companies as well as three start-ups. She is most recently the founder and CEO of Savvy Coders. “Entrepreneurs and small businesses are the backbone of the U.S. economy and certainly St. Louis. I am excited to bring 30 years of experience and skills to this important role. I look forward to connecting innovative leaders in the Midwest with corporations.” Elaine will continue to be engaged with Savvy Coders.
Throughout ITEN’s 9-year history, significant focus has been placed on supporting and educating scalable tech startups. With the addition of the CIP, additional value in the form of market access and customer research is provided to tech startups. “In the first year of the Corporate Innovation Program, we worked with five corporate partners to drive innovation deeper into the St. Louis region,” said ITEN Executive Director Mary Louise Helbig. “To date we have facilitated introductions of over 35 startups to our corporate partners. In addition to being a mechanism to foster new innovation, we anticipate that some of the introductions may lead to mutually-beneficial relationships in the form of mentoring, pilot testing, customer engagement, or investing. This is a very significant component of the commercialization process for tech startups and our corporate partners been a valued contributor to the program and our startup community.” Current program partners include: Ameren, Enterprise Holdings, Inc., Mercy, Monsanto and RGAx.
Founded in 2008, ITEN added the Corporate Innovation Program in 2015 to its growing suite of core offerings to accelerate tech startups including Concept Development, Business Model Validation, Mock Angels and its Entrepreneur-in-Residence program.
ITEN provides a foundational system for entrepreneurs to work together towards building strong startups and a vibrant tech ecosystem. ITEN provides unique programs, events, and access to resources that accelerate tech venture success. ITEN’s programs form a venture roadmap from concept through design, prototype, launch, revenue, funding and rapid scaling. Guidance from serial entrepreneurs, subject matter experts and important community influencers helps entrepreneurs focus on essential critical tasks and avoid wasted efforts. Access to corporations, investors, key service providers and qualified talent means lower barriers to rapid growth. Designed by entrepreneurs for entrepreneurs, requiring neither payment nor equity, ITEN is a unique community asset and a proven route to venture success. Follow ITEN on Twitter at @itenstl and visit our website at itenstl.org to learn more.
Sponsors of ITEN include Missouri Technology Corporation (MTC), Kauffman Foundation, Gateway to Innovation Conference, Polsinelli, Greensfelder, Bank of America, Wells Fargo and BDO.