MIT Solve announces $1.25 million in funding for 2019 Solver teams

MIT Solve, an MIT initiative that advances solutions from technology entrepreneurs to handle the world’s many pressing issues, has established a reward pool of $1.25 million because of its next class of Solver groups. Prize sponsors include General Motors, Patrick J. McGovern Foundation, Vodafone Americas Foundation, Schmidt Futures, Everytown for Gun Safety help Fund, the Abu Dhabi Crown Prince Court, and the Andan Foundation. The award sponsors will convene at Solve at MIT from might 7-9 in Cambridge, Massachusetts, along with the rest of the resolve neighborhood, including 2018 Solver groups, people, sponsors, and MIT professors, staff, and pupils.

Solve seeks solutions from technology innovators around the globe for its 2019 worldwide Challenges: Circular Economy, Community-Driven Innovation, Early Childhood developing, and Healthy Cities. Anybody can submit an answer thereby applying the $1.25 million in award investment by July 1. Finalists is going to be asked to pitch their solutions at Solve Challenge Finals during United Nations General Assembly Week in new york on Sept. 22. At the occasion, leading cross-sector experts will select 35 of the very most encouraging tech-based innovators to be Solver groups. They are going to utilize resolve for the next year to scale their particular solutions utilizing the support of money, networking, mentorship, marketing and advertising, and much more through the resolve neighborhood.

2019 MIT Solve Prizes readily available for chosen Solver teams consist of:

  • Solver Funding: MIT resolve will award a $10,000 grant to any or all Solver groups selected during resolve Challenge Finals in September by the cross-sector judging panels of each and every of Solve’s four international Challenges.

  • GM Prizes, sustained by General Motors:

    • Solutions that foster prosperity and social transportation for underrepresented neighborhood people — including through STEM knowledge — qualify when it comes to GM Prize on Community-Driven Innovation. Up to $50,000 will soon be granted to two recipients.

    • Solutions that help communities shift towards a far more circular economic climate through zero waste and zero carbon — including through STEM knowledge for brand new design and manufacturing techniques — are eligible the GM reward on Circular Economy. As much as $50,000 will be provided to two recipients.

  • AI Innovations reward, supported by the Patrick J. McGovern Foundation and Schmidt Futures: Solutions which are propelled by higher level computing practices or that leverage artificial intelligence to address some of the four difficulties qualify for a prize as much as $500,000, provided across a few recipients.

  • Innovation for Women Prize, sustained by the Vodafone Americas Foundation: Solutions that use technology to enable and enhance the resides of females and girls qualify for as much as $75,000 across to three Solver teams dealing with any of Solve’s worldwide Challenges.

  • Everytown for Gun security Prize, supported by Everytown for Gun protection Support Fund: Holistic, community-based healthier Cities solutions that use technology which will make towns less dangerous meet the criteria for approximately $100,000 in grant funding.

  • Innovating Collectively for healthier Cities reward, sustained by Abu Dhabi Crown Prince Court: This reward of $75,000 will be granted to at least one award person, and it is open to jobs that target stopping or managing infectious disease or vector-borne illness in towns or slums.

  • Innovation for Refugee Inclusion Prize, sustained by the Andan Foundation: Solutions which use innovation to advance financial, financial, and political inclusion of refugees inside their hosting communities meet the criteria for this reward as high as $50,000. Qualified Solver groups will soon be selected from the Community-Driven Innovation Challenge.

“We tend to be thrilled to utilize this type of diverse assortment of leading companies to secure much needed capital for answers to the world’s many intractable difficulties,” stated Alex Amouyel, executive manager at MIT resolve. “There are innovators solving globe challenges all around the world, but too little of them get access to the administrative centre and expertise they need to measure. At resolve, we’re assisting to bridge the pioneer space in social impact, that is critical to achieving the UN Sustainable developing Goals.”

MIT resolve invites the MIT community to attend Tech for Equality, the orifice plenary of Solve at MIT 2019, may 7 from 4 to 5:30 p.m. at Kresge Auditorium. Tickets are no-cost and people interested can RSVP here. Media interested in going to can put on for media qualifications by emailing press@solve.mit.edu.

Solve problems four international Challenges every year to obtain the many promising Solver teams who can drive transformational modification. Solve after that deploys its global community of private, general public, and nonprofit frontrunners to form the partnerships these Solver teams have to measure their particular influence. In the last two years, Solve has actually brokered over $7.5 million in grant financing to Solver groups, in addition to in-kind help. This past year, above 1,150 individuals from 110 nations provided solutions to Solve’s four Global Challenges.