Propeller: A Force for Social Innovation, in partnership with JPMorgan Chase & Co. and the Center for Financial Services Innovation (CFSI), will be hosting a Financial Solutions Lab Networking Happy Hour on Wednesday, March 11th from 6:30 to 8:00 PM.
Over 100 million Americans struggle with balancing budgets. The Financial Solutions Lab is seeking innovative solutions from across the country to fix consumer debt issues.
The Financial Solutions Lab urges innovators to submit high-tech solutions to address consumer’s cash flow challenges.
The five-year, $30 million initiative was launched by the CFSI in partnership with JPMorgan Chase to identify, test and expand the availability of promising innovations that help Americans increase savings, improve credit, and build assets.
Earlier this year, the Lab launched a $3 million competition calling on these innovators. This is the first in a series of competitions to identify solutions to specific consumer financial challenges.
The event on Wednesday will provide a chance for those in the New Orleans area to become familiar with the program and the competition, which will select approximately eight innovators to receive up to $250,000 in capital and technical assistance.
Attendees will hear from Liza Cowan (South Region Executive for Global Philanthropy, JPMorgan Chase) and Sohrab Kohli (Special Projects Associate at CFSI) about the Financial Solutions Lab and how innovators and entrepreneurs can hone their ideas and craft competitive applications.
For more information or to register, click here.