This is an excerpt from a column posted at BizOpinion.
Large companies that work on a national and even international scale often travel in different business orbits than emerging firms, even if those companies are operating in the same general technology or commercial universe.
A young company that is developing a new way to help existing devices better communicate with one another in a supply chain, for example, may not know that a much larger company is looking for exactly that kind of solution to improve its business efficiency and flow.
Helping those “orbits” come together in ways that foster connections between the large and small planets in Wisconsin’s business solar system is the goal of the Wisconsin Tech Summit, an event set for April 7 at the GE Healthcare Institute in Waukesha.
Produced by the Wisconsin Technology Council and partners that include the Wisconsin Economic Development Corp., the Tech Summit will provide an organized way for young companies and corporate giants to meet and explore likely business relationships around technology needs and innovation.
Those relationships might include research and development partnerships, direct investments, strategic partnerships as vendors or sales outlets, even merger and acquisition. With major companies on a never-ending hunt for ideas and the revenue those innovations produce, young companies are often a likely source.
