The Inclusive Innovation Challenge (IIC) is MIT’s premier future of work prize, awarding $1.6 million annually to entrepreneurs using technology to create economic opportunity for workers.
MIT will collaborate with organizations in five regions to select and celebrate sixty Regional Finalists from across the globe. Twenty Regional Winners proceed to MIT where four Global Grand Prize Winners each win $250,000 in the Innovation Challenge and worldwide recognition.
The Inclusive Innovation Challenge awards over one million dollars in prizes to future of work entrepreneurs in four categories that holistically represent the solution types necessary to build an economy that works for all in the digital era.
The focus areas for the Innovation Challenge include:
- Skills Development & Opportunity Matching
- Income Growth & Job Creation
- Technology Access
- Financial Inclusion
In 2018, four African startups were selected for the Challenge. The startups are Lynk, Wefarm, Solar Freeze and Wala.
Who You Should Apply?
MIT seeks startups and entrepreneurial organizations of any age, size, or type (for-profit or non-profit), located anywhere in the world that are creating economic opportunity for moderate and low-income earners
Application deadline for startups for the MIT Inclusive Innovation Challenge is Thursday, May 9, 2019.
For more information, visit the IIC website.
