The ExO Foundation, a public benefit corporation committed to positive social change and migrating society to abundance, today announced it has reached an agreement to acquire a 10 percent stake in WiderPool, which brings technology, communities and capital opportunities into one global innovation ecosystem.
The agreement marks the beginning of a deep collaboration between the ExO Foundation’s community, which is dedicated to adapting organizations, institutions and people to a world disrupted by accelerating technologies, and WiderPool. WiderPool will leverage ExO Foundation’s connected network and unique organizational frameworks for exponential thinking and positive change.
WiderPool was created and spun out of Singularity University. It is the latest addition to the growing ExO movement that includes organizations and communities committed to re-architecting institutions that aren’t able to adapt by themselves to the rapid pace of technological change. The first stage of this effort will be to focus on projects across the United States, Europe, Latin America and Asia, and includes corporate and government initiatives.
"It’s deeply gratifying to have organizations with similar goals for helping society absorb and thrive within the massive changes taking place as a result of transformative technologies join our efforts," said Salim Ismail, founder ExO Foundation. “Combining our world-wide community and proven methodologies with WiderPool’s focus on innovation gives our mission of migrating people away from a scarcity mindset to one of technology-driven abundance more horsepower.”
"We feel really excited to have Salim Ismail and the ExO Foundation onboard at WiderPool. For our team and partners, this is validation of the value that WiderPool brings to market,” said Juan Carlos Fouz, CEO of WiderPool. “Furthermore, it adds to our capability to deliver more value to organizations worldwide that want to leverage exponential technologies to achieve growth. The convergence of services from both organisations will add to value to each of their respective ecosystems.”