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MIT Solve: Financial Inclusion Challenge

(Updated 20 Mar 2023) The MIT Solve community is looking for eight technology-based solutions that will make transactions easier, protect against predatory debt, and increase the ability of individuals and micro, small, and medium enterprises (MSMEs) to take risks and build wealth.

APPLICATION WINDOW

CLOSED

DEADLINE

9 May 2023

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PRIZES

MIT Solve - Solver Award
All Solver teams selected for Solve’s Global Challenges and the Indigenous Communities Fellowship will receive a $10,000 grant funded by Solve.

The GSR Foundation Prize
GSR Foundation will award a prize to solutions that use innovative technology to address pressing issues in their communities and the world. Preference will be given to solutions that use blockchain to improve financial inclusion. The prize is funded by the GSR Foundation, an independent charity founded by GSR, a leading cryptocurrency trading firm. The Foundation seeks to advance education, promote equality of opportunity, and contribute to a sustainable world, emphasising blockchain and innovative technology-powered solutions. Up to $200,000 will be awarded across several Solver teams from any of Solve's 2023 Global Challenges.

The AI for Humanity Prize
The AI for Humanity Prize is open to solutions leveraging data science, artificial intelligence, and/or machine learning to benefit humanity. The prize is made possible by The Patrick J. McGovern Foundation, a philanthropy committed to advancing AI and data solutions to create a thriving, equitable, and sustainable future for all. Up to $150,000 in funding will be awarded across several Solver teams from any of Solve’s 2023 Global Challenges.

OTHER KEY DATES

February 1, 2023: Applications Opened
September 18, 2023: Solve Challenge Finals

HOST COUNTRY

United States

Note that while some organisers may accept applications from all around the world, you may still be required to travel to the host country in order to take part in the later stages of a competition for instance, or you may be required to live there for a period of time to take part in a funded programme (e.g. scholarship, incubator, accelerator).

FIND OUT MORE

Credit: MIT Solve: Financial Inclusion Challenge

Date Added: 21 Feb 2023