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 Health Security & Pandemics 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 Health Security & Pandemics Challenge:

The Elevate Prize for Health Security

The Elevate Prize for Health Security will be awarded to one Solver team from the Health Security & Pandemics Challenge. This prize is supported by The Elevate Prize Foundation, which recognizes that there are heroes all over the world who are putting their health and safety at risk to treat those who are infected and to save lives. Now more than ever, it is critical to recognize and uplift those who are elevating humanity. The Solver team that is selected will be named an Elevate Prize Global Hero and will participate in both the MIT Solver program and the Elevate Prize Global Heroes program, receiving a minimum of $300,000 over two years and ongoing support from The Elevate Prize Foundation and MIT Solve. Eligibility requirements for this prize are here ("Who can apply to The Elevate Prize?”).

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.

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 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.

The People's Prize

This prize is supported by The People’s Prize, which celebrates and crowdfunds innovative achievements for the UN Sustainable Development Goals. Up to three Health Security & Pandemics Solver teams will be selected at Solve Challenge Finals in September. The People’s Prize will match up to $200,000 of crowd funds raised by the Solver teams, awarding up to $100,000 to the Solver with the most funds raised in October; up to $60,000 to the second most; and up to $40,000 to the third most. All three teams will receive promotional support from the People’s Prize to prepare them for the crowdfunding process.

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.