Selected Solver teams are eligible to receive over $2 million in additional prize funding to scale their solutions. Below are the prizes that will be awarded live at Solve Challenge Finals on September 18.
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.
MIT Solve - Community Award
The Finalist team with the highest number of votes on their solution will receive a $2,000 grant funded by Solve.
The Andan Prize
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 across up to four Solver teams from the 2022 Global Challenges.
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 $150,000 in funding will be awarded across several Solver teams from any of Solve’s 2022 Global Challenges.
The Elevate Prize
The Elevate Prize will be awarded to one non-profit Solver team from any 2022 Global Challenge or any earlier Solve Global Challenge. This prize is supported by The Elevate Prize Foundation, which has a mission of amplifying the work of impact leaders for social good and driving change together. The Solver team that is selected will participate in both the MIT Solver program and the Elevate Prize program, receiving a minimum of $300,000 over two years and ongoing support from The Elevate Prize Foundation and MIT Solve.
The GM Prize
The GM Prize is open to solutions that help create smart, safe, and sustainable communities around the world. The Prize is funded by General Motors, which is working toward becoming the most inclusive company in the world and is dedicated to making STEM education more accessible and equitable. Up to $150,000 will be granted to up to six Solver teams from the Re-engaging Learners Challenge, the Climate: Ecosystems + Housing Challenge, and the 2022 Indigenous Communities Fellowship.
The GSR Prize
GSR will award a prize to solutions that use innovative technology and, in particular, blockchain solutions to address pressing issues in their communities and the world. As a leading cryptocurrency trading firm, GSR seeks to advance education, promote equality of opportunity, and contribute to a sustainable world, emphasizing blockchain and innovative technology-powered solutions. Up to $200,000 will be awarded across Solver teams from the 2022 Global Challenges.
The Health Access Prize
The Health Access Prize is open to entrepreneurs who are developing boundary-pushing solutions addressing health workforce and healthcare challenges in low-income and diverse communities. This prize is supported and funded by Johnson & Johnson Impact Ventures, a fund within the Johnson & Johnson Foundation. Up to $175,000 will be granted across up to five Solver teams from the Equitable Health Systems and Care Economy Challenges.
Heifer International Prize for Innovation for Smallholder Agriculture
The Heifer International Prize is open to solutions that support smallholder farmers to grow and scale their businesses and protect them from the adverse effects of climate change. The prize is funded by Heifer International, an international development organization on a mission to end hunger and poverty in a sustainable way by supporting and investing alongside local farmers and their communities. Up to $250,000 will be granted across several Solver teams from any 2022 Global Challenge or any earlier Solve Global Challenge.
The Innovation for Women Prize
The Innovation for Women Prize is open to solutions that use innovative technology to empower and enrich the lives of women and girls. This prize is funded by Vodafone Americas Foundation and it will be awarded to women-led, tech-powered solutions that aim to elevate women's voices and support positive and sustainable change in communities around the world. Up to $75,000 will be awarded across up to three Solver teams from the 2022 Global Challenges.
The Living Proof Prize: Women's Leadership Solutions
The Living Proof Prize is open to women-led teams that are using innovative approaches to solve challenges across economic prosperity, health, learning, and sustainability. The prize is funded by Living Proof, a haircare company at the crossroads of innovation and real-world results that is committed to social impact. Up to $100,000 will be granted across up to four Solver teams from the 2022 Global Challenges.