A Chance To Win $725,000 At MIT Solve Global Challenges 2019

Applications for Massachusetts Institute of Technology (MIT) Solve Challenges 2019 are open. Solve at MIT their annual flagship event bringing together more than 500 prominent cross-sector leaders. Along with, MIT community around Solve's mission to address the world's most pressing problems. 

About The Challenge: 

This event will highlight the 33 Solver teams, with the objective of forming partnerships to fund, pilot and scale their solutions. For this year Solve seeks solutions from tech innovators around the world for it's Global Challenges. Moreover, 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, Donors, and experts to help advance their work; receive mentorship and strategic advice from Solve and MIT networks; attend Solve at Massachusetts Institute of Technology MIT, the annual flagship event in May; and receive access to more than $725,000 in prize funding for the 2019 Challenges. 

Eligibility: 

Solve seeks innovative, human-centered, tech-based solutions to its Global Challenges. Solve will consider solutions at all stages of development: 

• Idea: Solve welcome applicants to submit their solution idea, but applicants must note that concept-stage solutions are unlikely to be selected. Applicants have until the submission deadline to prototype and experiment with their idea.
• Prototype: A venture building and testing its product, service, or business model. Typically described as "pre-seed" if for profit.
• Pilot: An enterprise deploying a tested product, service, or business model in at least one community. Hybrids and for-profits would typically be in a "seed" round and generating revenue (whether or not they are cash flow positive).
• Growth: An enterprise with an established product, service, or business model rolled out, which is poised for further growth in multiple communities or countries. Organizations at this stage should have a clear path to sustainability. For-profits at this stage would be "seed" or "Series A."
• Scale: A sustainable enterprise working in several communities or countries that are looking to scale significantly, focusing on increased efficiency. For-profits in this stage would be "Series A" or "Series B."

Through open innovation, Solve is looking for a diverse portfolio of solutions across geography, development stage, and team members’ gender and background. Solve encourage people of all backgrounds to submit applications. 

Evaluation 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 new technology, a new application of technology, a new business model, or a new process for solving the Challenge.

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