MIT TPrize Challenge 2020
General

MIT TPrize Challenge 2020 [Prize Upto Rs 75L]: Submit by Mar 31

Building on the United Nations Sustainable Development Goal 4, the TPrize Challenge seeks to find and support tech-based solutions to close the skills gap and promote lifelong learning opportunities across Latin America and the Caribbean.
To do so, TPrize is looking for innovators with promising solutions from around the world who are either already working in, or planning to expand to Latin America and the Caribbean, that:

  • Deploy new and alternative learning models that broaden pathways for employment and teach entrepreneurial, technical, language, and soft skills;
  • Provide equitable access to learning and training programs regardless of location, income, or connectivity throughout Latin America and the Caribbean;
  • Support and build the capacity of formal and informal educators to better prepare Latin American and Caribbean learners of all ages for the jobs of today and tomorrow; and
  • Utilize data to better understand employer needs and better inform policy, resource allocation, and skills of the future.
Eligibility
  • Any domestic or international applicants who are already working in or plan to expand their solution to the Latin America and Caribbean region.
  • Individual applicants who are at least 18 years old, or teams in which one member is at least 18 years old.
Important dates
  • December 18, 2019: TPrize Challenge opens
  • March 31, 2020: Deadline for applicants to submit a solution
  • May 2020: Finalists announced
  • TBD 2020: Pitch Event for Finalists
Solution type

Solution applications must be written in English or Spanish. The TPrize Challenge considers solutions at various stages of development.

  • Prototype: A venture building and testing its product, service, or business model. Typically described as “Pre-Seed” if For-Profit.
  • Pilot: An enterprise deploying a tested product, service, or business model in at least one community. Hybrids and For-Profits would typically be in a “Seed” round and starting to generate revenue (whether or not they are cash flow positive).
  • Growth: An enterprise with an established product, service, or business model rolled out, which is poised for further growth in multiple communities or countries. Organizations at this stage should have a clear path towards financial sustainability whether they are nonprofit or for-profit. For-Profits at this stage would be “Seed” or “Series A.”
  • Scale: A sustainable enterprise working in several communities or countries and that is looking to scale significantly, focusing on increased efficiency. For-Profits in this stage would be “Series A” or “Series B.”
Prizes

Finalists will be invited to a pitch event to present their solutions in either English or Spanish in front of distinguished judges. Up to US$100,000 in prize funding is available for the winners of the TPrize Challenge.

Contact

Email: help[at]solve.mit.edu

For submission & more details, click here.

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