Massachusetts Institute of Technology (MIT) needs no introduction. ‘Mind and Hand’ is the motto of this august institution. This motto encapsulates the institution’s mission to advance knowledge in science and technology to transform the world into a better place. MIT plays a pivotal role in addressing the most troubling issues facing society, through programs and initiatives such as MIT Solve, D-Lab and MISTI. MIT Solve was conceived by MIT President L. Rafael Reif in 2015 as a hybrid business incubator for advancing solutions from tech entrepreneurs to address pressing global concerns and connecting these innovators with expertise, human capital and funding.
The MIT Solve competition is open to entrepreneurs around the world and accepts technology-based solutions at all stages of development viz. idea stage, prototype, pilot and growth stage. VPS Server is one technological solution that provides additional resources to a website. MIT Solve unveils four Global Challenges every year, starting from the first Global Challenge in 2016. It finds Solver teams to drive transformational change and then convenes a global community of change makers to enter into partnerships with these Solver teams. The ongoing MIT Solve 2019 edition has announced a prize pool of $1.25 million and the sponsors are global giants such as General Motors, Patrick J. McGovern Foundation, Vodafone Americas Foundation and Abu Dhabi Crown Prince Court. Solve’s 2019 Challenge includes Circular Economy, Community-Driven Innovation, Early Childhood Development, and Healthy Cities. Tech innovators from across the world need to submit a solution by July 1 and the finalists will be invited to pitch their solutions during UN General Assembly Week in New York City in September. The selected teams will join a community of Solve and MIT networks to gain mentorship and strategic advice, attend Solve at MIT, receive a $10,000 grant from Solve and access additional prize funding from partner agencies.
The GM Prize on Circular Economy is supported by General Motors. The prize amount, up to $50,000, is granted to two recipients for developing solutions for helping communities to transition towards a circular economy through zero waste and zero carbon. The GM Prize on Community-Driven Innovation, up to $50,000, is granted to two recipients for presenting solutions to enhance the lives of under-represented community members. Innovating Together for Healthy Cities Prize of $75,000, supported by Abu Dhabi Crown Prince Court to the extent of up to $100,000 in grant funding, is awarded to one recipient for projects focused on preventing and managing infectious disease in cities. Everytown for Gun Safety Prize, supported by Everytown for Gun Safety Support Fund, rewards community-based Healthy Cities solutions that employ technology to make cities safer.
The MIT Solve community has committed funding to the tune of $7.5 million to Solver teams till date. It has given birth to 99 early-stage startups in 32 countries, with 52% being led by women. The Solve initiative has also imparted mentorship, technical expertise and entrepreneurship training to those selected. Most importantly, MIT Solve has demonstrated that pressing problems can be approached through a mix of technological innovation and global partnership.
Passionate about open access to information. Currently attempting to build 10,000 digital libraries across the developing world. Cool labels I can give myself: Published Scientist, New Colombo Scholar, Prime Minister's Australia Asia Scholar, Australia Awards Recipient, Neliti Founder.