Starting shot for responsible innovation labs to reset the standards

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SAN FRANCISCO, December 06, 2021 (GLOBE NEWSWIRE) – Responsible Innovation Labs, a nonprofit consortium of executives dedicated to building innovative, lasting businesses with financial and societal returns, was founded today with an advisory board that represents many of the private sectors represents famous and respected technology brands. The labs’ mission is to create standards of innovation that meet the needs of a global society and to build lasting businesses that re-center technology as a force for good. This mission can best be accomplished through collaboration between industry, investors, executives, policy makers, academics, and other stakeholders.

Technology is one of the most powerful forces shaping our society and continues to advance at an accelerating pace, with the potential to profoundly affect life for better or for worse. More than ever, the world needs – and increasingly demands – technology products and services that will improve life on this planet while avoiding harmful unintended consequences. Responsible innovation provides a path to a better technology industry – one that builds successful, goal-oriented companies that can deliver products and services that are beneficial to society.

The Responsible Innovation Labs were co-founded by General Catalysts Hemant Taneja, Stripe’s former General Counsel Jon Zieger, and Stripe’s former Head International Diede van Lamoen, all of whom previously collaborated through General Catalyst’s early investments and their work on the global payments platform Stripe. The labs will work with leaders from a variety of industries and disciplines to develop new standards, tools, and methodologies for using technology ethically and building sustainable businesses, while promoting accountability through transparency.

“In a time of intense uncertainty and isolation, technology was a strong lifeline, but it has also exposed the unintended consequences of untested innovations – unfair access, marginalization of entire groups and misinformation,” said Hemant Taneja, Chairman, Responsible Innovation Labs and Managing Partner of General Catalyst. “As executives who believe in both the promise of technology and the power of private markets, we have the responsibility and the opportunity to change the innovation economy for the permanent benefit of the world.”

Society needs ambitious leaders in order to build responsible companies. To support and guide its work, the labs have established an advisory board made up of leaders in technology, investment, science, and nonprofits, including: Toyin Ajayi, Co-Founder and President, City block; Neil Blumenthal, Co-Founder and Co-CEO, Warby Parker; Jim Breyer, Founder and CEO, Breyer capital; Rachel Carlson, Co-Founder and CEO, Guild formation; Ken Chenault, Chairman and Managing Director, General catalyst and former chairman and CEO, American Express; Ken Frazier, Chairman, Health Protection Initiatives, General catalyst; Chairman of the Board and former CEO, Merck; Jon Iwata, Executive Fellow, Yale School of Management; Maurice Jones, CEO, One ten; Youngme Moon, Donald K. David Professor of Business Administration, Harvard Business School, and board member, Mastercard, Sweetgreen, Unilever, Warby Parker; Sam Palmisano, former chairman and CEO, IBM; Josh Reeves, Co-Founder and CEO, Gusto; Hemant Taneja, Executive Partner, General catalystwho will serve as chair of the labs; and Glen Tullman, CEO, Transparent.

The Advisory Board will jointly develop the Labs Charter, which defines how the Labs support founders and management teams in the long-term development of companies, using the five guiding principles of responsible innovation as a basis:

  • Economic opportunity and inclusion: Careful consideration and foresight over the individuals and communities who may gain or lose as a result of innovation, with the aim of ensuring greater equity, wider access and more evenly distributed wealth.
  • Environment and sustainability: An insistence on creating sustainable operations, products and footprints that serve the good of the planet and its people, from the start and the start.
  • Employee transformation: An unwavering commitment to building cultures and guidelines that ensure that people are treated with dignity, can work in a diverse and non-discriminatory environment, and that all employees benefit and participate in the success of the business.
  • Privacy, Security, and Community: Respect for the rights of individual users, including privacy and the safekeeping of personal data, and avoidance of misinformation that disrupts the community and undermines democracy.
  • Intent & Effect: Taking on the responsibility that comes with innovation – to generate returns beyond profit and to re-center technology as a force for good in the world – and the right constraints, transparency and frameworks to bring about growth and good.

“A technology industry that understands its impact and works to serve society can help mitigate and solve some of the world’s biggest problems,” said Jon Zieger, co-founder of Responsible Innovation Labs. “We are delighted to be able to convene a world-class advisory board to lead the Responsible Innovation movement. Together we have the common power to redefine the standards for business success and to reshape the promise and future of technology to meet the needs of a global society. “

About Responsible Innovation Labs
Responsible Innovation Labs is a non-profit consortium that helps founders, executives, and investors build innovative, long-lasting businesses with financial and social returns. The labs’ mission is to reset the standards of innovation through radical collaboration, reshaping the promise and future of technology to meet the needs of a global society. The Labs is open to partner companies that share and embrace this vision. To join the movement and learn more, visit: www.rilabs.org.

Media contact: [email protected]

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