MIT Solve Selects New Class of 40 Tech-Based Social Entrepreneurs Addressing Global Challenges with over $2 Million in Funding
Solve Innovation Future announces investment in three new Solver teams
CAMBRIDGE, Mass., Sept. 18, 2022 /CNW/ -- Solve, an initiative of the Massachusetts Institute for Technology with a mission to drive innovation to solve world challenges, revealed the new Solver teams and Indigenous Communities Fellows selected for its 2022 Global Challenges. The news was announced during Solve's annual social impact pitch event in New York City ahead of UN General Assembly Week.
The new 2022 Solver and Indigenous Communities Fellow Class was selected by Solve's expert judges from a pool of over 1,100 applicants from 117 countries and 46 Native Tribes. In this new class, 70% of Solver teams are women-led, 20 countries and eight American Indian Tribes are represented, and 48% are for profit/hybrid organizations.
You can find out more about the Solver class for the 2022 Global Challenges:
Included in this 2022 Solver Class are the first teams to join the inaugural Black & Brown Innovators in the US Program, launched this year as part of Solve's ongoing racial equity work.
"Solve sees the power in supporting entrepreneurs with proximity and experiences of global challenges and their impact on their communities. I'm excited to see the positive changes these teams will make," said Solve's Executive Director, Alex Amouyel. "In the coming nine months, our team—with the support of our growing Solve Community made up of corporations, foundations, and institutions—will fund, support, and mentor these entrepreneurs so they can scale their work and impact."
Over $2M in prize funding was awarded to the 2022 Solver teams and Indigenous Communities Fellows as well as select Solver teams from previous classes, with prize pools split as follows:
Solve is excited to announce three new Solver team investees:
About MIT Solve:
Solve is an initiative of the Massachusetts Institute of Technology (MIT) with a mission to drive innovation to solve world challenges. Solve is a marketplace for social impact innovation. Through open innovation Challenges, Solve finds incredible tech-based social entrepreneurs all around the world. Solve then brings together MIT's innovation ecosystem and a community of supporters to fund and support these entrepreneurs to help them drive lasting transformational impact. Solve has catalyzed over $60 million in commitments for Solver teams and entrepreneurs to date. Join Solve on this journey at solve.mit.edu.
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SOURCE MIT Solve