How can we harness technology to build and sustain peaceful and prosperous economies?

Challenge Overview

Peace and stability are baseline conditions for economic prosperity and a thriving society, and both are at risk with escalating conflicts and economic shocks. Instability and conflict can severely erode economic prospects, reverse years of development gains, and exacerbate vulnerabilities. Poverty and lack of quality jobs contribute to conflict. With 114 million people forcibly displaced due to war, violence, and climate-related disasters, two billion workers worldwide in informal, precarious jobs, and disruptions from AI and other tech, the stakes are high.

Technology and innovation can be powerful tools to promote peace and prosperity. Social media has increased misinformation and polarization, but when well-designed, it also improved cohesion and civic participation and reduced the odds of violent conflict. Similarly, while technology can lead to more precarity, it can also facilitate more inclusive financial systems, new job opportunities, and more resilience. Ethically designing and implementing technology is a key component of building and maintaining more peaceful communities and inclusive economies. 

MIT Solve seeks exceptional solutions leveraging technology to increase peace and prosperity. Our focus for 2024 centers on solutions that: 

• Promote and sustain peace by increasing community dialogue, civic participation, reconciliation, and justice efforts; strengthening cyber security, and monitoring or preventing violence, misinformation, and polarization.

• Foster financial and digital inclusion by supporting access to credit, digital identity tools, and insurance while securing privacy and personal data.

• Generate new economic opportunities and buffer against economic shocks for workers, including good job creation, workforce development, and inclusive and attainable asset ownership.

Special Call: Black & Brown Innovators in the US Program

Systemic inequities and institutional failures contribute to Black and Brown families in the US owning just 24 cents for every $1 of white family wealth. As part of Solve’s ongoing work on US racial equity, we encourage those from the US working to address these disparities to apply for the Challenge and receive additional support through our Black & Brown Innovators in the US Program.

Prizes

MIT Solve - Solver Award

All Solver teams selected for Solve’s Global Challenges and the Indigenous Communities Fellowship will receive a $10,000 grant funded by Solve.

The GSR Foundation Prize

GSR Foundation will award a prize to solutions that use technology in an innovative way to address pressing issues in their communities, which have the potential to scale globally. Preference will be given to solutions that remove barriers to financial inclusion, and that place a strong emphasis on learning. The prize is funded by the GSR Foundation, an independent charity founded by GSR, a leading cryptocurrency trading firm. The Foundation seeks to advance education, promote equality of opportunity, and contribute to a sustainable world, emphasizing blockchain and innovative technology-powered solutions. Up to $150,000 will be awarded across several Solver teams from any of Solve's 2024 Global Challenges.

Morgridge Family Foundation AI Innovation Prize

Solutions that use AI to boldly spark change through innovation, disruption, and transformation are eligible for the Morgridge Family Foundation AI Innovation Prize. The Morgridge Family Foundation invests in leaders and organizations who are reimagining solutions to some of today's biggest challenges. Up to $50,000 will be granted across up to two Solver teams from Solve’s 2024 Global Challenges or from Solve's portfolio of Solver teams.

The AI for Humanity Prize

The AI for Humanity Prize is open to solutions leveraging data science, artificial intelligence, and/or machine learning to benefit humanity. The prize is made possible by The Patrick J. McGovern Foundation, a philanthropy committed to advancing AI and data solutions to create a thriving, equitable, and sustainable future for all. Up to $150,000 will be awarded across several Solver teams from any of the 2024 Global Challenges.

The Experian Prize

The Experian Prize is open to solutions that drive financial health and inclusion. The prize is funded by Experian, which aims to improve financial health for all. Up to $50,000 will be awarded across up to two Solver teams from the 2024 Global Economic Prosperity Challenge.

Climate-Positive and Equitable Food Systems Prize 2024

The Climate-Positive and Equitable Food Systems Prize is open to high-impact solutions from emerging for-profit or non-profit entities, and is focused on transforming food systems to be more sustainable and equitable, leading to safe and nutritious food that is accessible, affordable, attractive, and trusted.The Seeding The Future Foundation is a private nonprofit organization that seeds and supports innovative solutions to help improve the global food system. Up to $150,000 will be awarded across two or more Solver teams from the 2024 Global Challenges.