April 24, 2019 (Cambridge, MA)—MIT Solve, an initiative of the Massachusetts Institute of
Technology that advances solutions from tech entrepreneurs to address the
world’s most pressing issues, today announced a prize pool of $1.25 million for
its next class of Solver teams. Prize sponsors include General
Motors, Patrick J. McGovern Foundation, Vodafone
Americas Foundation, Schmidt Futures, Everytown
for Gun Safety Support Fund, the Abu Dhabi Crown Prince Court,
and the Andan Foundation. The
prize sponsors will convene at Solve at MIT from May 7-9 in Cambridge, MA
with the rest of the Solve community, including 2018 Solver teams, Members, Sponsors, and MIT faculty
and staff.
Solve
seeks solutions from tech innovators around the world for its 2019 Global Challenges: Circular Economy, Community-Driven
Innovation, Early Childhood Development, and Healthy Cities. Anyone can submit
a solution and apply for the $1.25 million in prize funding by July 1, 2019.
Finalists will be invited to pitch their solutions at Solve Challenge Finals
during UN General Assembly Week in New York City on September 22, 2019. At the
event, leading cross-sector experts will select 35 of the most promising
tech-based innovators to become Solver teams. They will work with Solve for the
next year to scale their solutions with the support of funding, networking,
mentorship, marketing, and more from the Solve community.
2019 MIT Solve Prizes available for selected Solver teams:
- Solver
Funding: Solve will award a $10,000 grant to all Solver
teams selected during Solve Challenge Finals in September by the
cross-sector judging panels of each of Solve’s four Challenges.
- GM Prizes supported by General
Motors
- Solutions that foster
prosperity and social mobility for underrepresented community
members—including through STEM education—are eligible for the GM Prize on
Community-Driven Innovation. Up to $50,000 will be granted to
two recipients.
- Solutions that help
communities shift towards a more circular economy through zero waste and
zero carbon—including through STEM education for new design and
manufacturing techniques—are eligible for the GM Prize on Circular
Economy. Up to $50,000 will be granted to two recipients.
- AI Innovations Prize supported by
the Patrick J. McGovern Foundation and Schmidt Futures
- Solutions that are propelled
by advanced computing techniques or that leverage artificial intelligence
to address any of the four Challenges are eligible for the AI Innovations
Prize of up to $500,000, granted across several recipients.
- Innovation for Women Prize supported
by the Vodafone Americas Foundation
- Solutions that use technology
to empower and enrich the lives of women and girls are eligible for the
Innovation for Women Prize. Vodafone Americas Foundation will award up to
$75,000 across up to three Solver teams addressing any of Solve’s
Challenges.
- Everytown for Gun Safety Prize supported
by Everytown for Gun Safety Support Fund
- Holistic, community-based
Healthy Cities solutions that use technology to make cities safer are
eligible for up to $100,000 in grant funding.
- Innovating Together for Healthy Cities Prize supported
by Abu Dhabi Crown Prince Court
- The Innovating Together for Healthy Cities Prize of
$75,000 will be awarded to one prize recipient, and is open to projects
that focus on preventing or managing infectious disease or vector-borne
illness in cities or slums.
- Innovation for Refugee Inclusion
Prize supported by the Andan Foundation
- Solutions that use innovation
to advance economic, financial, and political inclusion of refugees in
their hosting communities are eligible for this prize of up to $50,000.
Eligible Solver teams will be selected from the Community-Driven
Innovation Challenge.
“We
are thrilled to work with such a diverse array of leading organizations to
secure much needed funding for solutions to the world’s most intractable
challenges,” said Alex Amouyel, Executive Director at MIT Solve. “There are
innovators solving world challenges all around the world, but too few of them
have access to the capital and expertise they need to scale. At Solve, we’re
helping to bridge the pioneer gap in social impact, which is critical to
achieving the UN Sustainable Development Goals.”
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