LOS ANGELES--(EON: Enhanced Online News)--Impact Alignment investor Core Innovation Capital today announced that Peter H. Diamandis, founder of XPRIZE, will be named its inaugural Core Visionary. Core Innovation Capital’s Managing Partner Arjan Schütte will formally present the award during Diamandis’ keynote at Money2020.
“I am thrilled to name Peter as the inaugural Core Visionary”
Core Innovation Capital, the investment partner of the Center for Financial Services Innovation (CFSI), invests in disruptive financial technology companies that deliver opportunities for upward mobility for the emerging middle class through sustainable, for-profit business models. The Core Visionary award highlights leaders across many different industries and disciplines that address society’s biggest challenges through private enterprise.
Founded in 1995, XPRIZE is the leading organization solving the world’s Grand Challenges by creating and managing large-scale, high-profile, incentivized prize competitions to motivate and inspire innovators from all disciplines to leverage their intellectual and financial capital for the benefit of humanity. Active prizes include the $30 million Google Lunar XPRIZE, the $10 million Qualcomm Tricorder XPRIZE, the $2.25 million Nokia Sensing XCHALLENGE, and the $2 million Wendy Schmidt Ocean Health XPRIZE.
“I am thrilled to name Peter as the inaugural Core Visionary,” said Schütte. “Core Visionaries best represent our own commitment to delivering real and important change in a way that can be sustained over time. Peter and his organization have blazed a path tackling the world’s biggest issues using the thrill of competition, and that is an incredible example for the rest of us.”
Schütte will present the Core Visionary Award to Diamandis during the keynote session at Money2020, the world’s premier event for emerging payments and financial services organizations, at 5:10pm on October 6, 2013 on Pinyon 4/5, Level 1 at the Aria Resort and Casino in Las Vegas.
“I am honored to be named a Core Visionary for XPRIZE’s work in addressing humanity’s Grand Challenges in areas such as exploration, learning, and life sciences,” said Diamandis. “I believe that you get what you incentivize, and today in our hyper-connected world, we are now able to tap into tremendous genius to help us solve our challenges. I applaud Core and their work to deliver this same level of lasting and important change for the financial lives of America’s emerging middle class.”
Money2020 brings together the worldwide community of innovators--including from payments, financial services, retail, mobile, marketing services, data and technology--that is profoundly changing how consumers and businesses manage, spend and borrow money. Money2020 will be held on Oct. 6-10, 2013 at the Aria in Las Vegas, and is on track for 4,000 attendees, including 300+ CEOs, from more than 1,500 companies and 50 countries. For more information visit www.money2020.com.
About Core Innovation Capital
Core Innovation Capital is a leading investor in financial technologies serving the Emerging Middle Class, the 80 million Americans that generate over $1 trillion in annual income and spend more than $78 billion in fees and interest on financial services. Core partners with proven entrepreneurs and invests in disruptive financial technologies that measurably improve the lives of the Emerging Middle Class. The Core Impact Alignment investment thesis leverages social impact to create above-market financial return. For more information about Core Innovation Capital, visit www.corevc.com or follow @CoreEMC.
The Center for Financial Services Innovation (CFSI) is the nation’s leading authority on financial services for underserved consumers and is an investor and strategic partner to Core Innovation Capital. For more on CFSI, go to www.cfsinnovation.com and join the conversation on Twitter at @CFSInnovation.