Stanley Black & Decker - Tools & Storage

How We Innovate

Innovating how work gets done

Our brands are known for pushing the boundaries of what’s possible, while bringing fresh twists to familiar, indispensable products. But that’s not enough for us. In the digital age, disruption can turn any industry upside down.

We intend to be not just a leader, but to embrace technological change to become a disruptive force (for good) among global diversified industrials.

OUR INNOVATION ECOSYSTEM

We know that breakthrough innovation will inspire our people and shape our future. So we are developing an innovation ecosystem and cultivating our innovation culture to realize our vision to become known as one of the world’s great innovators. We are pursuing this goal by applying advanced technologies to our products, processes and business models. Our ecosystem harnesses the potential of internal and external resources through collaborative relationships with entrepreneurs, academic institutions, research labs and others.

In innovation hubs around the world where commercial, startup and academic resources are concentrated, our businesses have launched offsite breakthrough innovation centers dedicated to developing game-changing solutions, each with a long-term potential to generate annual revenue in excess of $100 million. The breakthrough teams within Tools & Storage, Engineered Fastening, Oil & Gas, Infrastructure and Security pursue ideas on their own, but also collaborate. A centralized breakthrough team serves as a shared resource to coordinate efforts, drive internal initiatives and explore ideas that cross over our traditional businesses.

 

 

This is more than a set of initiatives. This is who we are. Here are just a few examples:

  • Our data scientists are turning data into information and insights throughout Stanley Black & Decker. In our Commercial Electronic Security business, for instance, artificial intelligence is optimizing the dispatch of our service technicians, resulting in faster resolutions and a more scalable operation, while reducing drive-time carbon emissions.
  • STANLEY Ventures is bringing outside innovation into the company through strategic venture capital investments. Some of these investments are already making an impact, such as Pillo with the launch of PriaTM by BLACK+DECKER,TM a remotely monitored automated medication management and home health assistant.
  • The STANLEY+Techstars Additive Manufacturing Accelerator program selects startups from around the world, with the goal of bringing breakthrough manufacturing technologies to market. In 2019, we are expanding the scope of our Techstars partnership to include ecologically-friendly packaging.

Innovation is in our DNA and being expressed every day.

 

 

And we’ve established our state-of-the-art Manufactory 4.0 in Hartford, Connecticut, USA – the epicenter for our company’s global Industry 4.0 “smart factory” and workforce upskilling initiatives – making manufacturing more efficient, productive and adaptable.

Innovation is in our DNA and being expressed every day.

 

Have a patented idea or product design you'd like to submit to us? Learn more about how to submit your idea

An Engine of Innovation

1,000+

new products every year

45

world’s firsts every year