MIT Solve selected a new class of 40 tech-based social entrepreneurs to solve global problems with over $2 million in funding.

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CAMBRIDGE, Mass, September 18, 2022 /CNW/ – SOLV, the Massachusetts Institute of Technology’s initiative to drive innovation to solve global challenges, has unveiled the new challenger groups and Indigenous communities selected for the 2022 Global Challenges. The news was announced during Solve’s annual Social Impact Mud event. New York City A week before the UN General Assembly.

The new Class of 2022 Solve and Indigenous Communities Fellows was selected by Solve’s expert judges from over 1100 applicants from 117 countries and 46 indigenous communities. In this new category, 70% of challenger groups are led by women, 20 countries and eight American Indian tribes are represented, and 48% are for-profit/hybrid organizations.

You can know more about the solving section for 2022 international exams:

The first teams included in this 2022 Qualifying Division are those who joined the Opener. Black and Brown Creators in America programIt’s part of Solve’s ongoing racial equity work, launched this year.

“Solve sees the power of entrepreneurs in supporting local and global challenges and their impact on their communities. I’m excited to see the positive change these teams are making,” said Solve’s CEO. Alex Amuel. “Over the next nine months, our team—backed by a growing solutions community of corporations, foundations and institutions—will fund, support and mentor these entrepreneurs to grow their work and impact.”

It’s over $2M in the prize fund For the 2022 qualifying teams and select Indigenous communities, as well as qualifying teams from previous divisions, the prize pools are divided as follows;

  • GM award Sponsored by General Motors150,000 dollars
    • Recipients: Annie, Amazon Collectors for the Future, Indigenous Energy Initiative, Kibo – Inclusive Education for the Blind, Mana Mama/Anax Angle, Mycotile Panels
  • Women’s Award for Innovation Sponsored by Vodafone Americas Foundation – 75,000 dollars
    • Recipients: Batonga Podcasts for Equality: A Rural Girl-Led Storytelling, Kidogo – Quality Child Care in a Social Franchise, omgyno: Home Trial and Telehealth
  • The Living Proof Award: Women’s Leadership Solutions Supported by living evidence 100,000 dollars
    • Recipients: Lakou Kajou Exploratoromim, Same Same: Lifeline for LGBTQI+ youth
  • Heifer International Award for Smallholder Agricultural Innovation Sponsored by Heifer International250,000 dollars
    • Recipients: 2021 solution groups Brastorne and Hiveonline
  • AI for Humanity Award Supported by The Patrick J. McGovern Foundation 150,000 dollars
    • Recipients: Amazon Gatherers for the Future, DawaMom, Kibo – Inclusive Education for the Blind, Tarjimli: Translating for Humanity
  • Height award Sponsored by the Elevate Prize Foundation300,000 dollars
    • Finalists (recipient to be announced) January 2023Indigenous Energy Initiative, 2020 Solution Group SmartFish Mexico, Tarjimli: Translating for Humanity
  • GSR award Sponsored by GSR – 200,000 dollars
    • Contributors: Annie, Batonga Podcasts for Equality: Storytelling by a Rural Girl, MycoTile Panels
  • Health Access Award A fund at the Johnson & Johnson Foundation, supported by Johnson & Johnson Impact Ventures – 175,000 dollars
    • Recipients: DawaMom, Speetar, Care Xchange – Employee Share; Jamie Hewittomgyno: home testing and telehealth
  • Good energy award Sponsored by Good Energies Foundation – 100,000 dollars
    • Recipients: Amazon Gatherers for the Future, Simple Housing, Living Now, Mycotile Panels
  • Andan Award for Innovation in Refugee Inclusion Supported by Andan Foundation 100,000 dollars
    • Recipients: Enable Earth, 2021 Solution Team Hello World, and 2020 Solution Team SOLshare
  • Health Equity Catalyst Award Sponsored by Merck, known outside as MSD America And Canada40,000 dollars
  • All 2022 solving teams and members of the Indigenous community are also welcome. 10,000 dollars Funding from Solve, funded by Donor gifts And Membership Contributions.

In addition, settlement groups and partners of indigenous communities are eligible for investment. Unlock future innovation, setting up a first-of-its-kind charity fund. Solving Innovation invests in prospective debt and equity for-profit and hybrid solvency teams. Resolve Innovation Future is an evergreen fund owned by ImpactAssets as a donor-advised fund, with Resolve acting as a donor advisor. Any returns are reinvested in future solving groups, meaning donor gifts are multiplied over time. Solve Innovation has invested in 13 challenger teams since its launch, and for every dollar invested, the team has delivered more. Five dollars Investment for the dead groups.

Solv is excited to announce three new Solv team investors:

  • Globhe It provides high-quality images as an alternative to satellite data. By leveraging global drone operators, Globehe can better inform businesses, organizations and researchers to drive sustainability.
  • Ilara Healthcreator Butterfly iQIt is using tech-enabled diagnostic tools to save lives by setting up Primary Health Care Clinics (PHCs) to deliver quality healthcare. Africa Underserved communities.
  • dentist, Creator SekpertoIt is working to make health systems efficient, cost-effective and equitable for all patients. DoDoctor is an online program and software system for medical centers, clinics and hospitals that provides real-time, real-time information and reproductive care to individuals across the globe. Latin America Through their Sexperto platform.

Read the annual report on the future of solving innovation To know more.

About the MIT solution:

Solving the Massachusetts Institute of Technology (with) with a mission to mobilize innovation to solve the world’s challenges. Solve is a marketplace for social impact innovation. Through Open Innovation Challenges, Solve finds amazing tech-based social entrepreneurs around the world. Solving then brings together what s An ecosystem of innovation and a community of supporters to fund and support these entrepreneurs to drive sustainable transformative impact. Solving is over 60 million dollars In the pledges to the dying groups and entrepreneurs to this day. Join the solution on this journey resolve.mit.edu.

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Media communication
Maya Bingaman
Officer, Communications and Content
[email protected]

Source MIT Solving



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