Solver Funding

All solutions selected for Solve’s five current Global Challenges will receive a $10,000 grant funded by Solve. Solver teams will be selected by a panel of cross-sector judges at Virtual Solve Challenge Finals on September 29, 2020.

In addition to Solve funding, the following prizes are available to Solver teams selected for the Good Jobs & Inclusive Innovation Challenge. To be considered for a prize, complete the prize-specific question within the application. You do not need to meet these requirements to apply to the Good Jobs & Inclusive Innovation Challenge:

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 current Global 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 GM Prize on Good Jobs and Inclusive Entrepreneurship

Solutions that enable working-age adults to build the skills and resources they need to access well-paying jobs in a changing marketplace are eligible for the GM Prize on Good Jobs and Inclusive Entrepreneurship, made possible by General Motors. Up to $75,000 will be granted across to up to three Solver teams within the Good Jobs and Inclusive Entrepreneurship Challenge, along with the opportunity to visit GM headquarters to meet with engineers and discuss solution scaling.

The Gulbenkian Award for Adult Literacy

The Gulbenkian Foundation Award is open to solutions that increase literacy rates among adults and that advance inclusive economic growth through upskilling and greater digital literacy. Selected solutions will be based anywhere, and should be interested in including a future pilot in Portugal. The Calouste Gulbenkian Foundation will assist the selected Solver teams to find partners to support local pilots. The award is funded by the Calouste Gulbenkian Foundation, an international foundation based in Portugal which supports the fields of arts, charity, education, and science. Up to $300,000 will be granted across up to four eligible Solver teams from the Good Jobs and Inclusive Entrepreneurship and Learning for Girls and Women Challenges.

The AI for Humanity Prize

The AI for Humanity Prize is open to solutions that are already using strong data science, artificial intelligence, or machine learning to benefit humanity, and to solutions that are not yet using these technologies but plan to do so to amplify their impact in the future. This prize is made possible by The Patrick J. McGovern Foundation, which is dedicated to improving the lives of individuals and our global community through neuroscience research and information technology. Up to $200,000 in funding will be awarded across several Solver teams from any of Solve’s Global Challenges.

Future Planet Capital Prize

The Future Planet Capital Prize is open to scalable, for-profit solutions that have the potential to significantly impact millions of lives. The prize is funded by Future Planet Capital, which connects the world’s largest investors to its brightest minds to profitably address global challenges. One or more Solver teams, selected from any of Solve's current Global Challenges, will receive a total of $200,000 in investment funds. Solve Finalists under consideration for this Prize will be asked to provide materials and data (in addition to what is provided in the MIT Solve application) to enable Future Planet Capital to evaluate the prospective investments. Investment funding is contingent upon Future Planet Capital's evaluation of these materials, completion of due diligence, and parties agreeing on investment terms.

The Experian Prize

The Experian Prize is open to solutions that promote the financial health of workers, businesses, and communities most affected by Covid-19. The prize is funded by Experian, a multinational consumer credit reporting company dedicated to supporting access to good jobs and financial literacy in communities experiencing financial crises. Up to $100,000 will be granted to up to four eligible Solver teams from the Good Jobs & Inclusive Entrepreneurship and Learning for Girls & Women Challenges. Recipients of The Experian Prize will also receive access to Experian's in-house expertise and resources to help accelerate their solutions.