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MIT Awards $1 Million to Most Innovative Future of Work Organizations in the World

by MIT Inclusive Innovation Challenge
Date

November 22, 2019

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Massachusetts Institute of Technology

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Four Winners are each awarded $250,000 at MIT’s Inclusive Innovation Challenge Global Grand Prize Gala on November 21 

CAMBRIDGE, MA Nov. 21, 2019: The MIT Initiative on the Digital Economy has announced the four global grand prize winners for the 2019 MIT Inclusive Innovation Challenge(IIC). The winning organizations were selected by the IIC Champion Committee from 20 Regional Winners in Latin America, Asia, Africa, Europe, and US & Canada. All were vetted after a year-long search for the most innovative, impactful, and scalable future of work solutions on the planet. Initially, more than 2,000 global registrants applied; finalists were chosen by in-region experts and Selection Panels at regional celebrations. The winning organizations exemplify scalable, working solutions that broaden opportunity and harness technology to include more people in the digital economy: They are the future of work!

The four 2019 MIT IIC Global Grand Prize Winners are:

Income Growth & Job Creation Category 

JobGet:(U.S. and Canada)

JobGet is an efficient, mobile platform that enables millions of low-income jobseekers to find their next career within seconds, and get hired within hours.

Technology Access Category

Agros: (Latin America)

AGROS applies remote sensing and precision agriculture technologies to reduce the exclusion of small farmers from financial opportunities.

Skills Development & Opportunity Matching Category

Reaktor Education(Europe)

Reaktor Education is revolutionizing online education by empowering a wide range of people to learn what AI is, what can (and can’t) be done with AI, and how to start creating AI methods. 

Financial Inclusion Category

TiendaPago(Latin America)

TiendaPago is an online lender that provides small, “mom and pop” stores with short-term (one week) working capital loans.

ABOUT THE IIC

The MIT IIC awards $1.6 million globally to organizations that are using technology to reinvent the future of work and create a more equitable economy. 

All of the IIC regional winners received an expenses-paid trip to MIT for the Global Grand Prize Gala where they were honored with receptions, networking opportunities, and workshops with investors, MIT, and industry experts. They also receive global press and media coverage, promotion by MIT, and interaction with their peers.

 “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 co-founder of the IIC. “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 and co-founder of the IIC. “Our winners and other entrants show us that broadly shared prosperity is possible, which makes a great antidote to pessimism and negativity.” 

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

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

Press inquiries and requests for interviews can be sent to Shannon Farrelly, Director of Communications & Media Relations, at Farrelly@mit.edu