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You are here: Home / Business & Industry / MIT Solve: Social Innovation Funding, Global Challenges and Entrepreneur Support

MIT Solve: Social Innovation Funding, Global Challenges and Entrepreneur Support

Dated: October 5, 2026

Introduction

MIT Solve is an initiative of the Massachusetts Institute of Technology that connects social innovators with funding, expertise and partnerships to address major global challenges.

Its priority areas include climate, health, learning, economic prosperity, Indigenous communities and youth innovation. Through open challenges, philanthropic support, impact investment and capacity building, Solve helps technology-based solutions develop and expand their social impact.

History and Background

Established in 2015

MIT Solve began in 2015 as a collaborative global problem-solving platform connected to MIT’s mission. Its work supports the United Nations Sustainable Development Goals, with an emphasis on creating a more prosperous and sustainable future.

The initiative has developed a model that identifies innovators through challenges and connects selected teams with resources to strengthen and scale their solutions. Selected innovators become part of its Solver community.

Mission and Purpose

Solve’s mission centres on moving capital and resources towards innovators addressing humanity’s greatest challenges. It seeks solutions that can improve systems and deliver benefits across communities.

Its approach emphasises people-first, technology-based innovation. Technology is interpreted broadly, encompassing digital tools, scientific knowledge and traditional or ancestral technologies. This allows solutions to reflect different community contexts rather than relying exclusively on advanced software or hardware.

Governance and Structure

An initiative within MIT

Solve operates as an MIT initiative. Its Steering Committee guides its mission and connects its activities with the Institute’s resources, expertise and commitment to global impact. Its structure also includes advisors, faculty advisors and a dedicated staff team.

Expertise and partnerships

Advisors contribute perspectives from business, philanthropy, technology and other fields. Solve also works with corporations, foundations, philanthropists and investors, including partners that commission challenges around specific social impact goals.

Funding and Grants

Prize funding and additional opportunities

Solve’s official programme information describes access to a prize funding pool exceeding US$1 million at selection, alongside additional funding opportunities during and after participation. This is a collective pool rather than a guaranteed individual award. Funding amounts and eligibility depend on the challenge and prize.

Selected teams also receive nonfinancial support, including leadership coaching, workshops, monitoring and evaluation assistance, professional connections and access to in-kind resources. These benefits complement financial awards by helping innovators strengthen their organisations.

Solve Innovation Future

The Solve Innovation Future fund makes catalytic investments in early-stage Solver ventures using technology to address social problems. Supporters’ gifts and grants help finance these investments. Investment support is a separate mechanism from challenge prize funding and should not be treated as an automatic benefit for every selected team.

Philanthropic participation

Solve also invites support through its Solver Impact Fund and partnerships with donors and organisations. Its website describes the Impact Fund as a route for directing support to social innovators.

Major Programs and Initiatives

Global Challenges

Solve’s Global Challenges seek technology-based responses to problems in climate, health, learning and economic prosperity. Selected teams join a support programme designed to provide funding connections, organisational development and access to MIT’s wider network.

Indigenous Communities Fellowship

The Indigenous Communities Fellowship focuses on innovators in the United States and Canada. It recognises the importance of culture and traditional knowledge in solutions designed for and with Indigenous communities, including initiatives addressing social, environmental and economic priorities.

Custom Challenges

Solve works with partner organisations to design challenges around particular needs. Its services include challenge design, promotion, selection, vetting and support. The resources available to successful applicants vary by programme.

Impact and Examples of Work Supported

Reported global reach

Solve’s homepage reports more than 110 challenges, over 30,000 applications from more than 190 countries, and over US$90 million mobilised for 477 solutions. It states that these solutions collectively reach more than 500 million lives. These are Solve’s reported portfolio figures and should not be interpreted as independently verified benefits attributable solely to its support.

Education and displaced communities

Featured Solver initiatives include Musa, which delivers personalised learning through WhatsApp in Latin America, and NaTakallam, which connects displaced and conflict-affected language teachers and translators with clients worldwide. NABU provides digital reading materials in children’s mother tongues and bilingual formats. These examples illustrate the portfolio’s activities rather than uniform funding amounts or measured outcomes.

Entrepreneur development

EarlyBird Education, a Solver and Solve Innovation Future investee, reports that Solve’s investment and connections supported fundraising, credibility, recruitment and market access. Consultation Corral similarly credits Solve with guidance and resources that helped it progress from an idea towards a working product. These accounts are participant-reported experiences.

Conclusion

MIT Solve combines challenge-based funding with partnerships, investment and organisational support for social innovators. Its opportunities are relevant to teams whose technology-based solutions address a defined challenge and demonstrate potential community benefit.

Prospective applicants should review the current challenges and programme-specific requirements for eligibility, development stage, available prizes and deadlines.

For more information, visit here.

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