When Intronis CEO Rick Faulk announced the company’s Shark Tank competition in late 2013, he said he took inspiration from a technology pioneer that knows all about innovation.
The late Apple CEO Steve Jobs once said that innovation isn’t about how much a company spends on research and development, but rather “the people you have, how you're led, and how much you get it.”
In that spirit, Faulk turned to the Intronis team at large for innovative ideas to drive the company forward, launching a friendly contest that had the added benefit of incentivizing employees to think big.
“It’s more scalable and cost effective if you can source innovation internally versus the outside world,” said Faulk. “It also creates more motivated employees.”
Intronis held its inaugural Shark Tank February 25 at the Boston-based offices of OpenView Venture Partners.