Prize competitions are a viable means of tackling some of the world’s most pressing problems, and XPRIZE Vice President Chris Frangione wants to see their influence grow.
“We’re trying to send validated solutions out into the marketplace,” Frangione told students at the Yale School of Management on December 3. “We believe you can use prizes to solve many of the major problems that are facing humanity.”
Frangione spoke at Yale SOM at the Colloquium on the Behavioral Science of Philanthropy, a lecture series hosted by Yale SOM’s Center for Customer Insights. Frangione is vice president of prize development at XPRIZE, which hosts global competitions to elicit solutions to difficult challenges.
XPRIZE competitions are addressing a wide range of issues, including helping to educate children with limited access to schools and teachers, creating better understanding of the oceans, and putting healthcare information in consumers’ hands. Previous competitions helped enable commercial space flight and better oil spill cleanup technologies.
Prize competitions offer an array of social benefits, Frangione said. They foster cooperation and innovation across sectors and are very effective in building awareness about social problems. “Competitions tell stories,” he said. “They influence and educate the public.”
About the Event
Christopher Frangione is vice president of prize development at XPRIZE, a groundbreaking, highly incentivized prize competition designed to elicit innovative solutions for an array of the world’s most difficult challenges. Chris works at the intersection of audaciousness and achievability to tackle issues ranging from improving adult literacy rates in inner cities to providing access to clean drinking water in water-scarce areas.
In his talk, Chris will discuss the departure from a traditional grant structure, the benefits and limitations of the prize model, and how XPRIZE is using tenets of behavioral science to revolutionize social enterprise and improve the world.
The talk is open to the public. Lunch will be served. Please register HERE.
Vice President of Prize Development at XPRIZE
Christopher Frangione brings to XPRIZE more than 15 years of experience in the strategy and operations fields, initially with energy companies and then as a management consultant. This experience helps Mr. Frangione work at the intersection of>>...
Christopher Frangione brings to XPRIZE more than 15 years of experience in the strategy and operations fields, initially with energy companies and then as a management consultant. This experience helps Mr. Frangione work at the intersection of audaciousness and achievability to ensure XPRIZE achieves maximum positive impact. In this role, Mr. Frangione works with all departments of XPRIZE, prize sponsors, and other prize stakeholders to develop prize strategy. Prior to joining XPRIZE, Mr. Frangione ran the market assessment practice at a boutique management consulting firm, where he consulted to CEOs of major engineering companies on all issues related to internal and external strategy. Chris has leadership experience across all sectors of the energy industry, including serving as Manager of Operations and Business Development at Green Mountain Energy Company. In that role, he managed a regional market and defined new business opportunities, policies, and strategies for the retail renewable energy company. Mr. Frangione consistently seeks out entrepreneurial opportunities, and has founded several organizations and helped others expand into new markets. Chris received his Bachelor of Arts in Environmental Policy from Colby College and Master of Business Administration and Master of Environmental Management from Duke University.