Hey look, it’s another case of an old-fashioned company teaming up with a fast-moving startup to get a little innovative sheen! This time it’s G.E. and Quirky. The 110-year-old industrial powerhouse will team up with the collaborative product development platform to let Quirky community members riff on thousands of G.E. patents.
G.E. will get royalties on any consumer technologies based on its patents–without having to invest time and money in the development process. That’s not to mention the cool-kid halo effect; the partnership is launching with a Vimeo intro starring Thomas Edison. (Didn’t anyone tell G.E. that the Internet prefers Nicola Tesla?) Read More