How can everyone have access to the digital economy?

The pandemic has exacerbated the need to be connected in order to access jobs, training, and markets. However, the digital economy excludes over half of the world’s population who remain disconnected from the web, with more than half of Africa still offline, and 37 percent of rural US households with no access to broadband. This is an enormous missed opportunity: connecting the rest of the world could add $6.7 trillion to the economy and lift 500 million people out of poverty. 

Building an inclusive digital economy—that affords everyone the opportunity to lead a dignified and productive life—will require access to digital services for everyone. It will also require reliable infrastructure, devices, and affordable data plans for all, particularly for those who do not have access in remote and rural areas. Further, access to commerce, credit lines, safety nets, and saving mechanisms are key for a global economy where nearly 2 billion people remain unbanked, and more than 60 percent of the workforce is informal. 

The MIT Solve community is looking for technology-based solutions that ensure everyone has access to the digital economy. To that end, Solve seeks solutions that:

• Provide low-income, remote, and refugee communities access to digital infrastructure and safe, affordable internet.

• Equip everyone, regardless of age, gender, education, location, or ability, with culturally relevant digital literacy skills to enable participation in the digital economy.

• Scale safe and private digital identity and financial tools to allow people and small businesses to thrive in the digital economy.

Solver Funding 

All solutions selected for Solve’s five current Global Challenges will receive a $10,000 grant funded by Solve. In addition, Solver teams selected for the Digital Inclusion Challenge will receive additional funding made possible by Member Women's WorldWide Web (W4). Solver teams will be selected by a panel of cross-sector judges.

The ASA Prize for Equitable Education

The ASA Prize for Equitable Education will award a prize for digital solutions tailored to U.S.-based primary and secondary classrooms that provide career exploration or experimentation. Solutions that are embedded as part of core curriculum, utilize project based learning, ensure equitable access, and have an emphasis on teacher professional development are preferred. American Student Assistance® (ASA) is committed to helping students know themselves, know their options, and make informed decisions to achieve their education and career goals. Up to $250,000 will be granted to or invested in solutions from the Equitable Classrooms Challenge, the Digital Inclusion Challenge, the Antiracist Technology in the US Challenge, and/or Indigenous Communities Fellowship.

The Andan Prize for Innovation in Refugee Inclusion

The Andan Prize for Innovation in Refugee Inclusion is open to solutions that advance the economic, financial, and political inclusion of refugees. The prize is funded by Andan Foundation, a Swiss non-profit foundation dedicated to supporting solutions that promote refugee resilience, self-reliance and integration. Up to $100,000 will be granted to up to four eligible Solver teams from across any of Solve’s Global Challenges and the Community Indigenous Fellowship.

The HP Prize for Advancing Digital Equity

The HP Prize for Advancing Digital Equity is open to solutions that advance inclusion, digital literacy, and economic opportunity in communities across the US and globally. Up to $100,000 will be granted to up to four recipients from the Antiracist Technology in the US and Digital Inclusion Challenges.

Innovation for Women Prize

Solutions that use innovative technology to improve quality of life for women and girls are eligible for the Innovation for Women Prize. This prize is funded by the Vodafone Americas Foundation, which supports technology-focused projects that advance the needs of women and girls, and that promote a world where women’s voices can be celebrated. Up to $75,000 will be granted across up to three Solver teams from any of Solve’s current Global Challenges.

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, as well as to those planning to utilize these technologies to amplify their impact. 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 $200,000 in funding will be awarded across several Solver teams from any of Solve’s Global Challenges and the Indigenous Communities Fellowship.

The GSR Prize

GSR will award a prize to solutions that use an innovative and sustainable approach to tackling the most pressing issues of their local communities. As a leading cryptocurrency trading firm, GSR seeks to support education (in particular STEM), alleviate poverty, and contribute to a sustainable world, with an emphasis on blockchain or innovative technology-powered solutions. Up to $150,000 will be awarded across three solutions from the Digital Inclusion, Equitable Classrooms, or Resilient Ecosystems Challenges.