Each year Solve seeks solutions from tech innovators around the world for its Global Challenges, and anyone can submit a solution by July 1, 2019. Finalists are invited to pitch their solutions at Solve Challenge Finals during UN General Assembly Week in New York City in September.
What type of solutions will be accepted?
They will consider solutions at all stages of development:
- Idea: They welcome you to submit your solution idea, but please note that concept-stage solutions are unlikely to be selected. You have until the submission deadline to prototype and experiment with your 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.”
- 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.
Through open innovation, Solve is looking for a diverse portfolio of solutions across geography, development stage, and team members’ gender and background. They encourage people of all backgrounds to submit applications.
Solution applications must be written in English.
The solutions will be evaluated based on 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.
- 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 a new technology, a new application of technology, a new business model, or a new process for solving the Challenge.
- Selected Solver teams will join a supportive community of peers, funders, and experts to help advance their work
- Receive mentorship and strategic advice from Solve and MIT networks
- Attend Solve at MIT, the annual flagship event in May
- Receive access to more than $1.5 million in prize funding for the 2019 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
- Finalists will be invited to pitch their solutions at Solve Challenge Finals during UN General Assembly Week in New York City in September, travel to New York will be reimbursed and accommodations will be provided.
- 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 MIT’s community.
Apply through the given link.
Application Deadline: July 1, 2019 (14 Days Remaining)Apply nowOfficial link