MIT Announces 2018 MIT Inclusive Innovation Challenge Latin America Winners

The Four Regional Winners Now Proceed to the Global Tournament at MIT on November 8 to vie for $1,000,000 USD.

CAMBRIDGE, Mass., August 10, 2018

The MIT Initiative on the Digital Economyhas announced the four regional winners for their 2018 global economic prize, the MIT Inclusive Innovation Challenge(MIT IIC) in Latin America. The winning organizations were selected from 12 finalistsat a celebration in Sao Paulo, Brazil on August 6, featuring MIT IDE co-director, Andrew McAfee. The celebration was held in conjunction with the MIT IIC Latin America collaborator, the MIT & MIT Sloan Club of Brazil. The MIT IIC awards $1.6 million to the “heroes of Inclusive Innovation” − organizations that are using technology to reinvent the future of work and create a more equitable economy. 720 for-profit and non-profit organizations across Latin America registered for the Latin America Challenge. More than 350 Judges scored and commented on applications. A Selection Panel of 16 regional leaders selected four IIC Latin America Winners live at the event. Each winner received $20,000 and an all expenses paid trip to MIT for the global tournament. At the November 8thGrand Prize Gala at MIT, the IIC Champion Committee will select four Grand Prize Winners from the four Latin America winners and the 16 winners from the MIT IIC’s other regions – North America, Europe, Africa, and Asia -– to each receive $250,000.

The 2018 IIC Latin America winners are:

Sumá: Skills Development & Opportunity Matching Category
Sumá is a fair marketing platform of family agriculture that directly connects producers with food buyers.

Apli: Income Growth & Job Creation Category
Apli is an AI-enabled jobs marketplace where candidates can start working on the same day instead of waiting for weeks to be hired.

Levee: Technology Access Category
One billion people are currently seeking work in emerging capital markets without modern technology. LEVEE uses machine learning, geolocation, and mobile messaging to connect those people with better jobs.

RedeDots: Financial Inclusion Category
RedeDots is an exponential social network of over 220k people engaged in fair trade and sustainable business, built upon trust among users.

“The grand challenge of our era is to use digital technologies to create not only prosperity, but shared prosperity,” says Erik Brynjolfsson, Director of the MIT Initiative on the Digital Economy and the Schussel Family Professor of Management Science at the MIT Sloan School of Management. “We created the MIT Inclusive Innovation Challenge to recognize and reward the many amazing people and organizations that are working to accomplish this mission.”

“With the MIT IIC, we’re celebrating the entrepreneurs and innovators who are demonstrating many different ways to put powerful technology to use to improve people’s economic prospects,” adds Andrew McAfee, co-director of the MIT Initiative on the Digital Economy, Principal Research Scientist at MIT Sloan. “Our Latin America winners and other entrants show us that broadly shared prosperity is possible, which makes a great antidote to pessimism and negativity.”

The MIT IIC Latin America was funded with support from Via Verajo, Somos, Gradus, Turim Family Office, Accenture, and inovaBra.

For more on the MIT Inclusive Innovation Challenge, the Latin America winners, and our mission, please visit: www.MITinclusiveinnovation.com

For more on the MIT Initiative on the Digital Economy, visit: ide.mit.edu.

Press enquiries can be sent to Shannon Farrelly, Director of Communications & Media Relations, at Farrelly@mit.edu.