MIT Solv[ED] Youth Innovation Challenge 2021 [Funding Prize Rs. 1.4 Cr]: Apply by Jan 18, 2022

Are you 24 and under and passionate about making a positive impact in your community and the world? If your answer is “yes” then apply for the MIT Solv[ED] Youth Innovation Challenge 2021.

About MIT Solv[ED] Youth Innovation Challenge 2021

Solv[ED] is open to solutions at all stages of development, and with any business model. Whether your solution is a concept, a product that is being prototyped, a service that is being piloted in your local community, or a fully operational nonprofit or for-profit organization, we want to hear from you.

Your solution does need to be tech-based, and you can see more about what that means below under ‘What counts as technology.’

Topics

The Solv[ED] Youth Innovation Challenge welcomes submissions that address one of Solve’s four pillars: Learning, Health, Sustainability and Economic Prosperity. In addition, we welcome solutions that address an unmet social, environmental, or economic need not covered in the four pillars, see more on that below.

Learning includes, but is not limited to, solutions that are:

  • Supporting access to high quality educational opportunities, including individuals in rural, remote or displaced communities   
  • Preparing underserved people to learn skills they need for the workforce
  • Enabling teachers and educators to support student and/or adult learning

Sustainability includes, but is not limited to, solutions that are:

  • Reducing carbon emissions from organizations and communities, particularly through clean energy
  • Helping communities adapt and build resilience to impacts of climate change such as extreme weather
  • Creating goods that are renewable, repairable, reusable, and recyclable
  • Promoting access to sustainable and resilient food and water sources for rural and/or urban communities

Health includes, but is not limited to, solutions that are:

  • Promoting physical and mental health 
  • Supporting access to effective and affordable healthcare in urban or rural communities 
  • Enabling the prevention, detection and management of illness, emerging pandemics and health security threats
  • Promoting health equity; reducing and, ultimately, eliminating disparities in health

Economic Prosperity includes, but is not limited to, solutions that are:

  • Addressing the gaps in technological and digital literacy necessary to participate in a changing job market 
  • Creating pathways to upskill, reskill, and retrain workers, as well as connect them to the demands of employers 
  • Supporting access to platforms that support temporary, informal and freelance workers, helping provide stability, safety nets, and security
  • Ensuring the inclusion and value of women, low-income and underserved communities in the creation of new technologies, jobs, or entire industries
  • Provide tools and opportunities for equitable access to jobs, credit, and generational wealth creation for marginalized communities

If your solution does not fit into one of these categories, you will need to clearly define the problem you want to solve in your application. They encourage you to consider the 17 United Nations Sustainable Development Goals and how your solution addresses one or more of them.

Eligibility

Anyone, anywhere around the world can submit a solution to the Solv[ED] Youth Innovation Challenge if they are aged 24 and under. 

Evaluation Criteria

  • Potential for Impact: The planned solution implementation has the potential to impact the intended population.
  • Feasibility: The team has a realistic, practical plan for implementing the solution in the given context.
  • Innovative Approach: The solution includes a new technology, a new application of technology, a new business model, or a new process for solving the defined problem.
  • Inclusive Human-Centered Design: The solution is designed with and for underserved communities, and the solution team demonstrates understanding of and proximity to the community.
  • Scalability: The solution has a plan for financial viability and the potential to be scaled to affect the lives of more people.

Prizes

  • Over $200,000 is available in prize funding to share among the 10 selected Solv[ED] Innovators. Selected solutions will be announced during the 2022 Solv[ED] Solutions event, which will take place in March 2022.
  • Each of the 10 selected teams will receive at least $5,000 in prize funding, and have the opportunity to receive follow-on funding. In addition to prize funding, selected Solv[ED] Innovators will receive mentorship and other support from the MIT Solve community. 

How to Apply?

Interested applicants can submit their solutions through this link.

Application Deadline

January 18, 2022

Contact

Email: help@solve.mit.edu

Click here to view the official notification for the MIT Solv[ED] Youth Innovation Challenge 2021.

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