Goldman Sachs has launched an in house incubator that will allow employees to work on innovative ideas; GS Accelerate is currently accepting applications to move Goldman into new business areas, manage risk and try to fix inefficiencies; the move is part of a wider strategy for Goldman who now shows 46 percent of staff being in technology; “When it comes to entrepreneurship, there are always more failures than successes,” a memo reported by TearSheet stated. “But if we’re creative, imaginative and learn from what did and didn’t work, GS Accelerate can become a powerful engine to bring important ideas to life.” Source.
