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Venture Capital

Walmart Is Bringing A Tech Incubator To Silicon Valley

by venturebeat.com posted 1year ago 267 views
<p>Walmart&nbsp;wants to drastically speed up its development of retail tech.</p> <p>To do that, the discount retailer announced on Monday it was launching Store No 8, an innovation cluster whose entrepreneurs will be free from the diktats of its Bentonville, Arkansas headquarters and Wall Street&rsquo;s short attention span, to develop the retail tech Walmart needs in order to modernize over the next five to ten years. And, more crucially, the tech is aimed at helping it fight back against rivals like&nbsp;<a href="http://fortune.com/fortune500/amazoncom-18/" target="_blank">Am</a>a<a href="http://fortune.com/fortune500/amazoncom-18/" target="_blank">zon.com</a>.</p>

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