Solve[ed] Youth Innovation Challenge Prize for Young Innovators

Opportunity Detail

  • Language Requirement Not required
  • Gender MaleFemale
  • Level Nondegree
  • Number of Opportunity: 10
  • Eligible Region/Countries
    All
  • Opportunity ID 22946
  • Funding Type Fully Funded
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Opportunity Description

Solve[ed] Youth Innovative Challenge Prize is for youths aged 24 and under who are passionate about making a positive impact in their community and the world. The program is launched to spark a sense of agency in those young individuals to encourage, inspire and support them to become problem-solver. In addition, the program will equip the youth with knowledge, resources, and tools to identify problems and design solutions.

The program invites innovative solutions that fight the consequence of challenges such as climate change, economic inequity, global pandemic, unavailability of education, etc. If you are a young aged 24 or under, whoever you are, wherever in the world you live, these program invites you to take part and are willing to hear about your solution.

Brief Details:

Organizer: MIT Solve community

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Location: USA

Opportunity No: 10

Prize Amount: Over $200,000 USD

Deadline: January 18, 2022

Solution Topic(s):

Solutions at all stages of development and with any business model will be accepted. It doesn’t differ whether it is a concept, a prototyped product, a service piloted in your local community, or a completely operational organization (non-profit or for-profit). The solution must be tech-based and address one of the following Solve’s four pillars.

  • Learning: It includes, not limited to, solutions that:
    • Provide access to quality education opportunities, including for the people in rural areas, displaced or remote communities.
    • Prepare people with serving shortages to learn skills they require for the workforce.
    • Assist educators and teachers in supporting students and adult learning.
  • Health: including but not limited to solutions that:
    • Improve physical and mental health.
    • Make effective and affordable healthcare accessible in urban and rural areas.
    • Enable the detection, prevention, and management of illness, pandemics, and other health threats.
    • Enhance health equity.
  • Sustainability: including, not limited to, solutions that:
    • Reduces carbon emission from communities and organizations, specifically by clean energy.
    • Assist communities to shift and build resilience against influences of climate change.
    • Create tools that are renewable, reusable, repairable, and recyclable.
    • Improve access to sustainable and resilient food and sources of water for rural or urban communities.
  • Economic Prosperity: including but not limited to solutions that:
    • Fills the gaps in technological and digital literacy.
    • Provide opportunities to upskill, reskill, and retrain workers, and also make them capable for the demands of employers.
    • Provide accessibility to portals which support temporary, informal, and freelance workers, provide stability, safety nets, and security.
    • Assure the value and inclusion of women, underserved and low-income communities in the creation of new technologies, careers, or entire industries.
    • Provide equitable access to jobs, credits, and generational wealth creation for communities that are marginalized.

If your submitted solution doesn’t address on of the above categories, you must define the issue your solution solves in your application. You are encouraged to consider the 17 United Nations Sustainable Development Goals and how your solution addresses them.

Benefits:

  • In general, over $200,000 USD is considered for the challenge.
  • All selected solutions will receive a minimum prize of $5,000 each.
  • Additional funding from a total of $60,000 will be available to the selected innovators.
  • Innovators will also receive mentorship and coaching from the members of the MIT solve community and MIT.
  • The HP Girls Save the World Prize is also available for solutions solving sustainability issues and is led by girls between 13-18 years old.
  • The Pozen Social Innovation Prize is also granted to all solutions submitted to this challenge.

Solutions’ Assessment:

  • Potential for Impact: the solution when implemented has the potential to benefit the intended community.
  • Feasibility: The team owning the solution has a realistic and practical plan for the implementation of the solution.
  • Innovative approach: The solution has new technologies, new applications of technology, a new business model, or a new procedure for overcoming the problem.
  • Inclusive Human-Centered Design: The solution is made for underserved communities, and the team shows an understanding of the proximity to the community.
  • Scalability: Financial viability of the solution and the scalability potential to affect the lives of more people.

Selection Process:

The application to submit the solution is now open. The deadline is January 18, 2022, at 11: 59am (ET). Late submission will not be considered.

Applications will be screened and reviewed between January and March 2022. A group of 20 finalists will be selected at this stage. The judges will interview all these 20 finalists and select only ten innovators out of them.

The ten finally selected innovators will be announced at the Solve[ed] Solutions Event in March 2022. They will receive the benefits declared above thereafter.

How to apply:

Application for this opportunity is online through filling the online form. Click on the “Apply Now”, on the new page, fill and submit the online application form.

Apply Now

Read further details of this prize on the Official Website.


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