MIT Solve Competition on Sustainable Food System Solutions and a $ 10,000 Prize (2020)

Date limite : 18 juin 2020

Organisation à but non lucratif: Solve - MIT

Spécialités: Agriculture

Niveau d'études: Formation Professionnelle

Consultée 249 fois

MIT Solve Competition on Sustainable Food System Solutions and a $ 10,000 Prize (2020)

Massachusetts Institute of Technology (MIT) invites those interested in sustainable Food systems to participate in the Solve 2020 competition. Participants must provide technology-based solutions for a low-carbon global food system that provides nutrition with minimal environmental impact. To that end, Solve seeks solutions that:

  • Support small-scale producers with access to inputs, capital, and knowledge to improve yields while sustaining productivity of land and seas;
  • Scale practices and incentives for larger farmers and ranchers to decrease carbon emissions, land-use change, nutrient runoff, or water pollution;
  • Improve supply chain practices to reduce food loss, scale new business models for producer-market connections, and create low-carbon cold chains; and
  • Promote the shift towards low-impact, diverse, and nutritious diets, including low-carbon protein options.

Accepted Solutions in the Competition:

Solve seeks innovative, human-centered, tech-based solutions to our Global Challenges. These solutions can be based on AI, blockchain, virtual reality, etc. Solve will consider solutions at all stages of development:

  • Concept: An idea being explored for its feasibility to build a product, service, or business model based on that 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 are 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.

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 the Solve community.

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.
  • Feasibility: The implementation of the applicant’s work is feasible, and the applicant 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. This criterion will not be considered during the initial review to select semi-finalists.
  • 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. This criterion will not be considered during the initial review to select semi-finalists.

Prizes:

Finalists will be announced in August 2020, the final results will be announced on September 20, 2020. Each winner will receive:

  • $ 10,000 cash prize.
  • 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, our annual flagship event in May.

About MIT Solve:

MIT Solve is an initiative of the Massachusetts Institute of Technology that advances lasting solutions from tech entrepreneurs to address the world's most pressing problems. Solve issues four Global Challenges each year to find the most promising Solver teams who will drive transformational change. Solve then deploys its global community of private, public, and nonprofit leaders to form the partnerships these Solver teams need to scale their impact.

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