Massachusetts Institute of Technology SOLVE in the USA invites applications from entrepreneurs worldwide for the Good Jobs and Inclusive Entrepreneurship Challenge in 2020.
NOTE: This Challenge is presented with the MIT Initiative on the Digital Economy’s (IDE) Inclusive Innovation Challenge (IIC).
Automation, artificial intelligence, and other advanced technologies continue to rapidly transform the nature of work. Meanwhile, COVID-19 is expected to cause massive economic disruption, exacerbating the effects of these technological transformations. While the net impact of these trends over the long term remains uncertain, workers are contending with three undeniable challenges: jobs are quickly disappearing, some temporarily, others permanently; some jobs are precarious, with social safety nets and benefits disappearing in favour of contract and freelance work; and many jobs require changing skill sets. In particular, low-skilled, informal, and migrant workers are most at risk of being displaced through this looming recession and the technological transformations of work.
Yet even in the face of the COVID-19 crisis, these transformations still present opportunities for new businesses and jobs, such as elderly care or frontline health workers. However, only those equipped with the appropriate skills, resources, and networks can access these opportunities. The same countries where workers are struggling to keep or find good jobs also experience skills shortages and unfilled vacancies. This makes it essential to upskill and retrain workers to enable them to match employer demand or start their own venture. Further, when two-thirds of jobs worldwide are created by small and medium-sized businesses, supporting those traditionally underserved with access to capital, networks, and in-demand skills is key to creating opportunity and good jobs for entire communities.
Worth of Award
All solutions selected for Solve’s five current Global Challenges will receive a $10,000 grant funded by Solve. Solver teams will be selected by a panel of cross-sector judges at Solve Challenge Finals during UN General Assembly week in New York City on September 20, 2020.
In addition to Solve funding, the following prizes are available to Solver teams selected for the Good Jobs & Inclusive Innovation Challenge. To be considered for a prize, complete the prize-specific question within the application. You do not need to meet these requirements to apply to the Good Jobs & Inclusive Innovation Challenge:
The Andan Prize for Innovation in Refugee Inclusion: Up to $100,000 will be granted to up to four eligible Solver teams from across any of Solve’s current Global Challenges.
Innovation for Women Prize: Up to $75,000 will be granted across up to three Solver teams from any of Solve’s current Global Challenges.
The GM Prize on Good Jobs and Inclusive Entrepreneurship: Up to $75,000 will be granted across to up to three Solver teams within the Good Jobs and Inclusive Entrepreneurship Challenge, along with the opportunity to visit GM headquarters to meet with engineers and discuss solution scaling.
The Gulbenkian Award for Adult Literacy: The award is funded by the Calouste Gulbenkian Foundation, an international foundation based in Portugal which supports the fields of arts, charity, education, and science. Up to $300,000 will be granted across up to four eligible Solver teams from the Good Jobs and Inclusive Entrepreneurship and Learning for Girls and Women Challenges.
The AI for Humanity Prize: This prize is made possible by The Patrick J. McGovern Foundation, which is dedicated to improving the lives of individuals and our global community through neuroscience research and information technology. Up to $200,000 will be granted across several Solver teams from any of Solve’s Global Challenges.
The MIT Solve community is looking for technology-based solutions that spur good jobs and inclusive entrepreneurial opportunities. To that end, Solve seeks solutions that:
- Enable small and new businesses, especially in untapped communities, to weather economic shocks, prosper, and create good jobs through access to capital, networks, and technology.
- Support workers to advocate for and access living wages, social safety nets, and financial security in order to prepare for, withstand, and recover from economic shocks.
- Equip workers with technological and digital literacy as well as the durable skills needed to stay apace with the changing job market and economic downturns.
- Alignment: The solution addresses the challenge that has been set forth using technology.
- Potential for Impact: The planned implementation of the solution has the potential to impact lives.
- Scalability: The solution can be grown and scaled to affect the lives of more people.
- Feasibility: It is feasible to implement the solution, and the team has a plan for the solution to sustain itself financially.
- Innovative Approach: This is a new technology, a new application of a technology, a new business model, or a new process for solving the challenge
- Partnership Potential: The applicant clearly explains how the solution would benefit from the broad range of resources that the Solve community is positioned to provide.
How to Apply
You can submit your solution through the application link on their website
Deadline: deadline to apply is June 18, 2020.