MIT Inclusive Innovation Challenge (IIC) Announces 2018 Latin America Finalists

Finalists to Vie for $120,000 USD on August 6; 4 Regional Winners Proceed to MIT IIC Global Grand Prize Gala where $1,000,000 USD will be awarded.

CAMBRIDGE, MA, July 12, 2018 – Today the MIT Inclusive Innovation Challenge (IIC) and its Latin America Region Collaborator, the MIT & MIT Sloan Club of Brazil, announced the 2018 IIC Latin America Finalists. The MIT IIC was launched two years ago to recognize and celebrate organizations around the world that are using technology to solve a grand challenge of our time — to create not only prosperity, but shared prosperity by reinventing the future of work in the digital era. The IIC Finalist organizations in Latin America are all using technology to improve economic opportunity for low and moderate income earners in the region. The 2018 IIC Latin America Finalists are:

Skills Development & Opportunity Matching Category

  • Interacpedia
  • Signa
  • Sumá

Income Growth & Job Creation Category

  • Alo Bodega
  • Apli
  • Incluyeme

Financial Inclusion Category

  • Grupo Nueva Economía
  • Outbound
  • RedeDots

Technology Access Category

  • LEVEE
  • Trocafone
  • UnDosTres

The IIC Latin America received over 720 registrants from 16 countries in the region. Over 350 regional expert Judges selected the 12 Finalists, who will now proceed to the Regional Celebration hosted at the São Paulo Museum of Modern Art (MAM) on August 6. The IIC Latin America Celebration will feature an engaging, multilingual program of pitches and speakers, with the keynote address presented by MIT Initiative on the Digital Economy (IDE) Co-Director, Andrew McAfee. The Celebration will be live streamed beginning at 6pm Brazil Time/5pm EDT on the MIT IIC’s Facebook page at https://www.facebook.com/MITInclusiveInnovationChallenge/.

At the Celebration, the IIC Latin America Finalists will pitch their organizations to the audience. The Selection Panel will announce which four of these innovators wins $20,000 USD and will progress to the Global Grand Prize Gala at MIT. The eight remaining Finalists will each win $5,000 USD.

The MIT IIC Global Grand Prize Gala will be hosted at MIT in Cambridge, MA on November 8 in conjunction with a two day Future of Work Congress on November 8 and 9. One million dollars in prize money will be awarded to four Global Grand Prize Winners, selected from Regional Winners from around the world.

“Looking at the field of this year’s Finalists, we’re hopeful about the future of work in Latin America,” says Andrew McAfee, Co-Director of the MIT Initiative on the Digital Economy. “We congratulate the Finalists and look forward to promoting their solutions that are working in the region today.”

“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. “The 12 IIC Latin America Finalists are addressing this Challenge head on with innovative, scalable solutions.”

The IIC Latin America is funded with support from Google.org; ISN®; Joseph Eastin; Via Varejo; Somos Educação; Gustavo Pierini (Gradus Consultoria de Gestão); Gustavo Marini (Turim Family Office); Accenture; and inovaBra.

Join the Movement

The MIT IIC is dedicated to the promotion of sustainable, scalable global inclusive innovation. We engage U.S. and international media to report on solutions that can be harnessed today. We also connect winners with key ecosystem players and investors, while providing insights to government and policy makers. Smart capital investment and policies, we believe, can give us the best of both worlds: all the benefits that come from the technology breakthroughs of today and tomorrow and jobs that provide dignity and a good paycheck. We invite you to join us by embracing and supporting inclusive innovators and their equitable solutions to reinventing the future of work for all humans, not just an elite few.

The MIT Initiative on the Digital Economy (IDE) explores how people and businesses will work, interact, and prosper in an era of profound digital transformation. Working alone and with public and private sector partners, the IDE supports and conducts groundbreaking research in the areas of productivity and employment, big data, new digital business models, and social analytics. The IDE sponsors fellowships; hosts competitions, conferences, and roundtables; and supports other events that inspire new ideas. The IDE believes that challenges posed by the digital economy not only are solvable, but that technology will create new opportunities for people and businesses to thrive. ide.mit.edu @MIT_IDE

MIT & MIT Sloan Club of Brazil is comprised of more than 600 people from the MIT and MIT Sloan Community. Based in Brazil, the Club organizes workshops, seminars, and networking activities open to both Club members and members of the community. In Addition, the organization is actively engaged in the entrepreneurship ecosystem, and proactively seeks to generate a positive impact in the region.  The Club also serves as a liaison between MIT and the alumni, supporting initiatives in Brazil and throughout Latin America.

MIT IDE/IIC Media Contact: Shannon Farrelly, farrelly@mit.edu
MIT IIC Contact: Susan Young, susany@mit.edu
MIT & MIT Sloan Club of Brazil Media Contact: Nira Worcman, nira@artpresse.com.br
MIT & MIT Sloan Club of Brazil Contact: Maria Alice Frontini, frontini@alum.mit.edu