About this service
This is an investment fund that helps early-stage social entrepreneurs grow their businesses. Instead of traditional charity giving, donors can invest money directly into innovative companies that use technology to solve world problems. The fund supports entrepreneurs who might not get help from regular investors, especially those from diverse backgrounds working on social issues. Companies can grow at their own pace with this flexible funding. Investors can make a real impact while potentially getting returns on their money.
Details
Who can use this
Available to accredited investors and donors interested in social impact investing
Cost
Investment amounts vary
Organization
MIT Solve
Advances solutions through open innovation with grants up to $150K.
Other help like this
All servicesYouth Innovation ChallengesMIT Solve helps young people ages 24 and under create solutions to big problems in their communities and the world. They run special contests where young innovators can win money and support for their ideas. Past challenges have helped young people work on climate change, health, social justice, and other important issues. Winners get funding and mentoring to make their ideas real. MIT Solve also partners with organizations like the NBA Foundation and United Nations to create custom challenges for young entrepreneurs.
Custom Innovation Challenge PlatformMIT Solve helps organizations create their own innovation challenges to find solutions to big problems. They work with companies and groups to design contests that attract creative people with new ideas. Organizations can pick topics that matter to them, like climate change, health, or education. MIT Solve handles the whole process - from promoting the challenge to picking winners and giving out money. Past challenges have focused on things like making communities stronger during disasters, improving healthcare, and helping young people learn job skills. This service connects organizations with innovators who can solve real-world problems.
Do not wait. The time will never be just right. Start where you stand, and work whatever tools you may have at your command and better tools will be found as you go along.
Napoleon Hill