IMAGINE Grants XPRIZE a 1% Equity Stake as Founder Ani Chahal Honan Joins XPRIZE’s Board of Trustees

Press Release – December 10, 2024- LOS ANGELES – IMAGINE, an ecosystem supporting impact-driven creators with the resources to build better companies, and XPRIZE, the world leader in designing and executing large-scale competitions to solve humanity’s greatest challenges, today announced a strategic partnership. This collaboration aims to inspire and empower global development of transformative technologies that prioritize solutions for people and the planet.

“We are pleased to partner with IMAGINE, supporting early-stage companies accelerating breakthrough innovations that have the potential to address some of the world’s most pressing challenges” Post this

The partnership aligns XPRIZE and IMAGINE’s shared vision of fostering science, innovation, and entrepreneurship to create an equitable and abundant future. Together, they will inspire and support early-stage global innovations, providing creators with resources, investment opportunities, and access to the XPRIZE partners and IMAGINE experts.

As part of the agreement, IMAGINE will issue XPRIZE a 1% equity interest in IMAGINE Global holding company. IMAGINE Founder and Managing Partner Ani Chahal Honan will also join the XPRIZE Board of Trustees, further strengthening the collaboration.

XPRIZE CEO Anousheh Ansari and IMAGINE Founder Ani Chahal Honan unveiled the partnership on stage during XPRIZE’s 30th Anniversary Visioneering event in Los Angeles. They were joined on stage with Desdemona (“Desi”), an advanced humanoid robot created by IMAGINE partners, SingularityNET and Hanson Robotics. Known as the lead vocalist of Desdemona’s Dream, and the first robot to tour with a band, Desi captivated the audience, showcasing the transformative potential of AI in the creative arts and its ability to inspire human innovation.

“This partnership is an exciting opportunity to amplify our missions of fostering innovation that positively impacts humanity,” said Ani Chahal Honan, Founder and Managing Partner of IMAGINE. “By working together, we are not only supporting groundbreaking solutions, but also ensuring that they are built on mindful, sustainable principles that will benefit both people and the planet.”

IMAGINE and XPRIZE’s collaboration will extend beyond investment opportunities. The two organizations plan to team on events, explore XPRIZE competitions, and provide focused support for female entrepreneurs and investors in the AI and Deep Tech sectors.

“We are pleased to partner with IMAGINE, supporting early-stage companies accelerating breakthrough innovations that have the potential to address some of the world’s most pressing challenges,” said Anousheh Ansari, CEO, XPRIZE. “By connecting IMAGINE with XPRIZE’s global network of innovators, we will have a stronger ecosystem to support the next generation of leaders in deep tech and impact-driven entrepreneurship.”

About XPRIZE

XPRIZE is the recognized global leader in designing and executing large-scale competitions to solve humanity’s greatest challenges. For 30 years, our unique model has democratized crowd-sourced innovation and scientifically scalable solutions that accelerate a more equitable and abundant future. Donate, learn more, and co-architect a world of abundance with us at xprize.org.

About IMAGINE

Imagine Global (dba IMAGINE) is a scalable capital, startup studio, and advisory ecosystem empowering creators to build businesses prioritizing people, planet, and profit. With our partners, IMAGINE supports the world’s largest coalition of independent AI scientists outside of Big Tech, driving groundbreaking advancements in beneficial Artificial General Intelligence (AGI). Rooted in incentivized collaboration, global innovation inclusivity, and prioritizing the well-being of startup teams, IMAGINE unites pioneers in business, deep tech, and personal development as mentors and investors. By dedicating up to 10% of profits to aligned non-profits, IMAGINE amplifies its mission to advance societal and planetary well-being. For more information, visit www.imagineglobal.io

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Source : Businesswire