Global Challenges Competition with more than $1.5 million Awards from MIT Solve

Date limite : 18 juin 2020

Organisation à but non lucratif: Solve - MIT

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Niveau d'études: Formation Professionnelle

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Global Challenges Competition with more than $1.5 million Awards from MIT Solve

Solve-MIT is inviting people all over the world who have a solution to the world's most pressing challenges to participate in the Global Challenges Competition with their ideas. Finalists in the competition will pitch their solutions to a live audience of 400+ leaders and expert judges at Solve Challenge Finals in September during UN General Assembly Week in New York City.

Benefits:

Those that are ultimately selected as a Solver will:

  • Join a supportive community of peers, funders, and experts to help advance their innovative work through Solve's nine-month program.
  • Receive mentorship and strategic advice from Solve and MIT networks.
  • Attend Solve at MIT, which is MIT’s annual flagship event in May.
  • Receive access to more than $1.5 million in prize funding for the 2020 Challenges. If you are selected as a Solver, you’ll receive a $10,000 grant from Solve, as well as access to significant additional prize funding. Visit each challenge page to learn more about prizes.

Eligibility:

  • Anyone, anywhere around the world can submit a solution to Solve Challenges. 
  • You can be an individual, a team, or an organization. 
  • You can be an applicant from previous years or already part of the Solve-MIT community. 
  • For full participation details, please see the Terms of Service.

Types of Solutions:

  • Solve seeks innovative, human-centered, tech-based solutions to the Global Challenges. The definition of "tech-based" is broad: in addition to AI, blockchain, and virtual reality, Solver teams have leveraged a plant-based fiber that absorbs oil spills, biodegradable sanitary pads, and user-friendly mobile apps. 

  • Through open innovation, Solve is looking for a diverse portfolio of solutions across geography, development stage, and team members’ gender and background.

  • Solution applications must be written in English. Solutions at all stages of development will be considered:

    • Concept: An idea being explored for its feasibility to build a product, service, or business model based on that idea. Please note that concept solutions are unlikely to be selected; you have until the application deadline to prototype and experiment with your idea.

    • Prototype: A venture or organization building and testing its product, service, or business model. If for-profit, a new company getting off the ground that has raised little or no institutional capital (less than $500,000) in pre-seed fundraising.

    • Pilot: An organization deploying a tested product, service, or business model in at least one community. If for-profit, a young company that is working to gain traction and that has raised less than $2 million in institutional capital in seed funding.

    • Growth: An organization with an established product, service, or business model rolled out in one or, ideally, several communities, which is poised for further growth in multiple communities or countries. If for-profit, an early-stage company that has established a track record and is seeking to raise a round of roughly $2 million to $15 million in institutional capital in a Series A or potentially B round.

    • Scale: A sustainable enterprise working in several communities or countries that is looking to scale significantly, focusing on increased efficiency. If for-profit, a successful company that is scaling its operations and seeks to raise a round of more than $15 million in institutional capital. 

Evaluation Criteria:

  • The judges are experts and leaders from across industries and sectors. Solve's staff and community (including the Members, MIT faculty, and Solver teams from previous cycles) will conduct an initial review to select semi-finalists, then Challenge Leadership Groups will review semi-finalist solutions and select finalists. Judges will score solutions along with the following 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.

    • 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.

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

    • 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.

  • Finalists will pitch before the Challenge Leadership Group and a live audience at Solve Challenge Finals. If you are invited to pitch at Solve Challenge Finals, travel to New York will be reimbursed and accommodations will be provided.

  • The most promising solutions will form the new Solver class and build partnerships with the Solve community.

About Solve at MIT:

Solve at MIT is an annual flagship event held on the MIT campus in May in Cambridge, MA, bringing together more than 500 cross-sector leaders as well as MIT faculty and students. The event features Solver teams on stage, in online and written materials, and through dedicated Challenge workshops. In 2020, Solve at MIT will be held virtually.

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