MIT Solve 2027 Competition for Entrepreneurs with Prizes Starting at $10,000
Applicant criteria
- NationalityNo specific nationality required
- AgeNo specific age required
- GenderBoth
Opportunity criteria
- Job locationUnited States
- Deadline2026-11-06
Opportunity description
MIT Solve, an initiative of the Massachusetts Institute of Technology (MIT) in the United States, is accepting applications for the 2027 Global Economic Prosperity Challenge, which aims to support innovative technology-driven solutions that promote economic prosperity and improve quality of life.
The competition focuses on three main challenges: strengthening financial stability for individuals, families, and small businesses; creating quality and sustainable employment opportunities; and developing solutions for safe and affordable housing.
The competition targets entrepreneurs, innovators, researchers, startup founders, and teams with practical, technology-based solutions. Participants from around the world, including Arab countries, are eligible to submit their projects.
Benefits
A base grant of $10,000 for each team selected for the Solver program.
Opportunities to receive additional prizes and funding based on project eligibility.
Access to a combined prize pool exceeding $1 million.
Average funding of approximately $40,000 for selected teams, although this amount is not guaranteed for every team.
Participation in a nine-month development and support program.
Mentorship and guidance sessions with specialized experts.
Workshops on marketing, public relations, business model development, and impact measurement.
Access to free or in-kind services, software, and legal support.
Networking opportunities with investors, international organizations, and companies.
Participation in events and project pitch presentations.
Opportunities for media exposure and engagement with the MIT Solve community.
Eligibility criteria
Applicants must have a technology-based project or solution that addresses one of the specified economic challenges.
Applications may be submitted individually or as part of a team.
The project must be at the working prototype, pilot, growth, or scaling stage.
Applicants must have a practical plan for developing and implementing their solution.
Applicants must clearly identify the target beneficiaries and the expected social or economic impact.
The proposed solution must be innovative, feasible, and scalable.
Applicants must demonstrate a clear understanding of the needs of their target community.
Applicants must provide all required information through the official application platform.
Ready to apply?
MIT Solve 2027 Competition for Entrepreneurs with Prizes Starting at $10,000