Date

April 8, 2019

Region

Global

Publication

MIT Inclusive Innovation Challenge

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The 2019 MIT Inclusive Innovation Challenge Open for Registration Through May 9

CAMBRIDGE, MA April 9, 2019: The MIT Inclusive Innovation Challenge(IIC) awards $1.6 million annually to organizations that are using technology to revolutionize the future of work and create a more equitable economy. MIT now seeks start-ups 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. Registration closes May 9.

The IIC is a global tournament, operating regional challenges in the US & Canada, Latin America, Europe, Africa, and Asia. The top-scoring 60 finalists are featured at regional events where they pitch their solutions. Twenty regional winners proceed to the Global Grand Prize Gala at MIT in Cambridge, MA on November 21. Four Grand Prize Winners each receive $250,000.

Technology is the most disruptive force in human history, ushering in a new era of unprecedented health, convenience, and prosperity. Yet many people are not experiencing the benefits of this progress, despite actively seeking to more fully participate in and profit from new educational, financial, and work opportunities. 

MIT believes that inclusive innovation is an urgent imperative. The question we should be asking ourselves at this historic moment isn’t “what is technology going to do to our economy and society,” but rather “what will we do with technology?”

Efforts to increase economic opportunity are needed at the highest levels of business and government. Yet it’s often small, local entrepreneurs like those applying to the IIC who are paving the way. Since 2016, 3,000 organizations have registered from 106 nations, with $3.5 million awarded.

“Inclusive innovators aren’t just changing the game – they’re changing the world,” says Erik Brynjolfsson, co-founder of the IIC. “IIC winning organizations exemplify scalable, working solutions that broaden opportunity and harness technology to include more people in the digital economy. The IIC’s goal is to accelerate the best future of work solutions on the planet.”

“Let’s not bury the lede… that our world and the state of humanity is improving overall very quickly because of tech progress,” adds Andrew McAfee, 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.”

Info/register at: www.MITinclusiveinnovation.com

Press inquiries: Shannon Farrelly, farrelly@mit.edu.