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Explore the full 2023 list of Fast Company’s Most Innovative Companies , 540 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 54 categories, including advertising , architecture , design , and more. Nature has typically been the first place that beauty companies turn to for solutions to aging and skin imperfections. Now there’s a new source—biotech—and it takes its inspiration from the pharmaceutical industry. The move toward lab-generated ingredients that promise to improve on what scientists would find in nature dovetails with society’s larger embrace of personalized medicine, including cell and gene therapy, says Sarah Broyd, a partner at Durham, North Carolina–based Clarkston Consulting who specializes in consumer healthcare and pharmaceuticals. “Even the mRNA technology used in some of the COVID vaccines has contributed to a greater general understanding of how biotechnology works, which has … [Read more...] about The 10 most innovative companies in beauty of 2023

Holdfast Collective is No. 4 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. In September 2022, Patagonia, renowned for being at the forefront of environmental advocacy, sustainable production, and progressive business practices, had a new declaration: Earth would be its only shareholder. What that actually meant was that founder Yvon Chouinard and his family had given up ownership, transferring the company’s voting stock to the Patagonia Purpose Trust and the other 98% of its ownership to the Holdfast Collective , a new 501(c)(4) organization. Holdfast’s mission is to preserve wildlands and pursue other nature-based climate solutions, fund grassroots environmental organizations, and support politicians working to fight the climate crisis. Although other companies have used this organizational structure for philanthropic ventures, Patagonia is taking a different … [Read more...] about Patagonia uses capitalism to save the planet with the Holdfast Collective

When the Ringling Bros. and Barnum & Bailey Circus—back after a six-year absence—begins its 50-city tour of North America this September, it will include 75 highly trained performers and a litany of extravagant acts. Tightrope walkers will flit across a triangular rope, 30 feet in the air. Acrobats will launch themselves between four spinning wheels suspended from stadium ceilings. BMX bikers will spring off a giant trampoline. And a 360-degree set studded with massive video screens and enhanced with sonic spatial technology will envelop audiences in the spectacle. There won’t, however, be any lions, tigers, or bears. Oh my! “When you have a brand called ‘The Greatest Show on Earth,’ you can’t downscale,” says Juliette Feld Grossman, chief operating officer at Feld Entertainment, which acquired the iconic circus in 1984. “You really have to reimagine and reinvent.” Founded in 1871, the Ringling Bros. and Barnum & Bailey circus delighted American families … [Read more...] about The Greatest Show on Earth gets a second chance

Explore the full 2023 list of Fast Company’s Most Innovative Companies , 540 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 54 categories, including advertising , beauty , design , and more. How do four septuagenarian Swedish pop stars pull off a dazzlingly energetic 20-song set list before thousands of fans in a custom-built stadium? Easy: They get their holograms to do it. ABBA Voyage , a stunning marriage of art and technology architected by the visual effects company Industrial Light & Magic (ILM), has been a critical and financial success. It’s also a symbol of how the live performance industry is being transformed by technology, as digital elements are deployed to deepen fan immersion while staying true to what makes a live music experience so irreplicable. With concerts becoming increasingly visual extravaganzas, artists have access to new mediums to explore their creative … [Read more...] about The 10 most innovative companies producing live events in 2023

A good product will win you customers, but it takes a lot more to create, cultivate, and keep true, actual fans. The magic word for most is community, and the brands here, being honored as part of Brands That Matter 2022, have found ways to foster and excite growing communities around them. Decades-old brands, including Fender guitars and Magic: The Gathering, are using new content to stay relevant. For Fender, this past year was about building a content hub full of tools for the millions of new people who started to play over the past few years as a COVID-19-lockdown-induced new hobby. Magic: The Gathering has leaned into celebrating a more diverse set of players with its direct-to-consumer platform, Secret Lair. Meanwhile, three-year-old wrestling upstart All Elite Wrestling has taken on a Goliath by showing a different side of its diverse lineup of stars. Here are the brands making the most of fun and fandom: All Elite Wrestling As discussions around mental … [Read more...] about These 6 brands are growing by letting fans pursue their passions

LearnPlatform is No. 38 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. As the pandemic unfolded, educators grew more and more reliant on a vast array of digital tools. The average school district currently uses more than 1,400 edtech products each month, nearly three times the number they used just five years ago. Between this influx of new technology and funding requirements that mandate federal dollars go toward “evidence-based services,” schools are eager to prove that these digital solutions actually work. LearnPlatform helps educators analyze the efficacy of their edtech portfolio via its algorithms and automated data analysis that’s fine-tuned by both data scientists and former educators. As of 2022, LearnPlatform has run more than 1,200 evaluations for districts that serve nearly 10 million students and teachers; and in 2021 its school customers ran more than … [Read more...] about This platform is helping educators assess and manage all their edtech tools

Airbnb is No. 3 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Spring 2020 felt like a “near-death business experience,” says Airbnb cofounder and CEO Brian Chesky, as bookings dropped 80% within a few weeks . It was also an opportunity to trim back the company’s distracting side projects—tours, hotels, even an airline—and, he says, “focus on the core”: the design and experience of Airbnb’s home-rentals platform. “If not for the pandemic and the crisis, I don’t know how I would have made that pivot,” Chesky says. “But I had to basically rebuild the company a bit from the ground up.” Last spring, that work led to the biggest change to Airbnb in a decade : a top-to-bottom redesign that lets people search accommodation by category, rather than just destination, which has the benefit of introducing travelers to places and properties they might have otherwise … [Read more...] about After a “near-death business experience,” Airbnb’s Brian Chesky is perfecting his home-rentals platform

Cityblock Health is No. 29 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Cityblock Health was founded in 2017 to answer the question, as cofounder and CEO Toyin Ajayi puts it: “Why does it cost so much money to deliver care that doesn’t actually drive the outcomes we would expect?” Cityblock provides healthcare services to Medicaid and dually eligible Medicare beneficiaries, who account for a disproportionate amount of dollars spent on healthcare in the U.S., according to the Kaiser Family Foundation. It blends primary care, behavioral health, and disease management services, taking into account environmental and societal factors—such as insecure housing and living in a food desert—that can lead to chronic health conditions and hospitalizations. Cityblock’s clinics are staffed with teams of doctors, nurses, social workers, and mental health providers, and it … [Read more...] about This startup has raised $600 million to give lower-income Americans better healthcare

As a Black woman in an industry—wellness—that’s overwhelmingly white, I know what it’s like to be in classes or scrolling social media accounts that weren’t created with me in mind. Genuine care requires us to clarify where we’re focusing our attention, which allows us to have realistic expectations about impact and accountability. I know that there are ways I can better advocate for myself, and I also know that I live within societal and cultural ecosystems designed not to hear me as a Black woman. Self-care helps us cope with our present external realities, but it won’t always directly change them. As BIPOC leaders, we face unique challenges. Here are some ways to care for yourself amidst those challenges. Ditch the perfectionism The more marginalized identities you have, the more you’ll likely grapple with perfectionism, because we’re socialized to believe that the norm, and those who lead it, look and operate differently than us. For many of us who are … [Read more...] about Self-care isn’t enough. 3 ways BIPOC leaders can combat burnout