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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
MPWMost Powerful Women

Power-generating soccer balls, hunger-solving wristbands and teacher-training software, oh my!

Michal Lev-Ram
By
Michal Lev-Ram
Michal Lev-Ram
Special Correspondent
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Michal Lev-Ram
By
Michal Lev-Ram
Michal Lev-Ram
Special Correspondent
Down Arrow Button Icon
October 13, 2015, 3:41 PM ET
Danuta Otfinowski/Fortune Most Powerful Women
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Can technology be used for good? That was the question posed to a panel of tech executives at the Fortune Most Powerful Women Summit on Tuesday. (Their answer: a resounding yes.)

The panelists had plenty of examples. Jessica O. Matthews, the founder of a startup called Uncharted Play, has developed products that harness kinetic energy to generate power. (Think soccer balls and jump ropes that power light bulbs—and next up, a baby stroller that can charge cell phones.)

Caryl Stern, the CEO of the U.S. Fund for UNICEF, shared a new fitness wristband for kids, which launched in Target stores today. Part of UNICEF’s “Kid Power” program, the band is a fitness tracker with dual benefits: By challenging children to meet walking goals, they not only improve their health, but also “unlock” food packets which UNICEF then delivers to families in need. To make the process more fun, UNICEF teamed up with Disney’s Lucasfilm to launch Star Wars-themed bands.

Representatives from leading software companies and the J.P. Morgan Chase Institute, a global think tank, also shared their work in harnessing technology to do good. Microsoft’s (MSFT) EVP of business development Peggy Johnson talked about the impact of bringing connectivity to the developing world. “These kind of projects excite women,” she told the MPW audience.

Meanwhile, Bridget van Kralingen, SVP of IBM’s (IBM) global business services unit, explained how Watson is being used in healthcare, and to detect behavioral patterns and set up best practices for teaching in countries like Kenya. IBM also partnered with the Grameen Foundation to develop an open-source platform for microfinance loans.

The hit of the panel, though, was Uncharted Play’s turquoise-colored, power-generating soccer ball. Says the startup’s founder Matthews: “I really, really want to disrupt the way we consume energy. Forever.”

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About the Author
Michal Lev-Ram
By Michal Lev-RamSpecial Correspondent
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Michal Lev-Ram is a special correspondent covering the technology and entertainment sectors for Fortune, writing analysis and longform reporting.

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