Solve Innovation Challenges

Grant Organiser solve.mit.edu
Grant Overview

Each year Solve seeks solutions from tech innovators around the world for its Global Challenges, and anyone can submit a solution by July 1, 2019. Finalists are invited to pitch their solutions at Solve Challenge Finals during UN General Assembly Week in New York City in September.

Selected Solver teams will join a supportive community of peers, funders, and experts to help advance their work; receive mentorship and strategic advice from Solve and MIT networks; attend Solve at MIT, our annual flagship event in May; and receive access to more than $1.5 million in prize funding for the 2019 Challenges.

In the last two years, thanks to our partners, Solve has brokered commitments of over $12 million in funding for Solver teams and entrepreneurs, in addition to in-kind support such as mentorship, technical expertise, media and conference exposure, and business and entrepreneurship training.

Eligibility Criteria:

Anyone, anywhere around the world can submit a solution to Solve’s Challenges. You can be an individual, a team, or an organization. You can be an applicant from previous years or already part of our community. If you have a relevant solution, we hope you’ll apply.

For full participation details, please see the Terms of Service.

Merit Criteria

Alignment:

The solution uses technology to address one of Solve’s Global Challenges.

Potential for Impact: 

The planned solution implementation has the potential to impact lives.

Scalability: 

The solution can be scaled to affect the lives of more people.

Feasibility: 

Solution implementation is feasible, and the team has a plan for financial sustainability.

Innovative Approach: 

The solution includes a new technology, a new application of technology, a new business model, or a new process for solving the Challenge.

Partnership Potential: 

The applicant clearly explains how the solution would benefit from the broad range of resources that the Solve community is positioned to provide.

Level of Funding:

Solver Funding

All solutions selected for Solve’s four current Global Challenges will receive a $10,000 grant funded by Solve. Solver teams will be selected by a panel of cross-sector judges at Solve Challenge Finals during UN General Assembly week in New York City on September 22, 2019.

In addition to Solve funding, the following prizes are available to Solver teams selected for the Circular Economy Challenge. To be considered for a prize, complete the prize-specific question within the application. You do not need to meet these requirements to apply to the Circular Economy Challenge:

AI Innovations Prize

Solutions that are propelled by advanced computing techniques or that leverage artificial intelligence to address the Challenge are eligible for the AI Innovations Prize. This prize is made possible by The Patrick J. McGovern Foundation and Schmidt Futures. The Patrick J. McGovern Foundation is dedicated to improving the lives of individuals and our global community through neuroscience research and information technology. Schmidt Futures is a philanthropic initiative founded by Eric and Wendy Schmidt that bets early on people who will make our world better — helping people to achieve more for others by applying advanced science and technology thoughtfully and by working together across fields. Up to $500,000 will be granted across several recipients selected for the prize. Eligible Solver teams may be selected from any of Solve’s four current Global Challenges*.

GM Prize on Circular Economy

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, made possible by General Motors. Up to $50,000 will be granted across two Solver teams within the Circular Economy Challenge.

Innovation for Women Prize

Solutions that use innovative technology to improve the quality of life for women and girls are eligible for the Innovation for Women Prize. This prize is funded by the Vodafone Americas Foundation, which supports technology-focused projects to advance the needs of women and girls, and to promote a world where women’s voices can be celebrated. Up to $75,000 will be granted across up to three Solver teams selected to receive the prize. Eligible Solver teams may be selected from any of Solve’s four current Global Challenges.

Innospark Ventures Prize

The Innospark Ventures Prize is open to AI-based solutions from across the cybersecurity, education, healthcare, life sciences, and business services sectors focused in the United States. The prize is funded by Innospark Ventures, which invests in founders and ideas that leverage advanced artificial intelligence to create a differential and disruptive impact for our economy and society. Up to $100,000 will be granted to up to four eligible Solver teams from across any of Solve’s current Global Challenges*.

*The Rockefeller Foundation will host representatives of up to four of the teams who are awarded an AI-focused prize (the AI Innovations Prize or the Innospark Ventures Prize) at its high-level summit on AI taking place at its Bellagio Center on Lake Como, Italy, in October 2019.

Important Dates:

Revising Solutions

  • Deadline to Submit a Draft Solution at 5:00pm ET 

Evaluating Solutions

  • Final Revisions Due by 9:00am ET 
  • Solve Challenge Finals 
Web: https://solve.mit.edu/challenges/circular-economy