MIT Solve, a global initiative of the Massachusetts Institute of Technology (MIT), is a marketplace for social impact that helps tech entrepreneurs develop solutions to address the world's biggest challenges.
MIT Solve supports social entrepreneurs and innovators – known as "Solver teams" – from 32 countries through annual open innovation Global Challenges.
Each year, MIT Solve chooses the most promising Solver teams who will drive transformational change. These teams can be from different communities, such as coastal, indigenous, youth and skills, urban, among others.
Alexandra Amouyel is the Executive Director of MIT Solve, where she assumed responsibility in September 2016. Amouyel brings a rich background in social impact initiatives. She speaks of needing to "bridge the innovation gap" in achieving the UN's Sustainable Development Goals, which could serve to "decrease the unit cost of solving problems," noting that MIT Solve functions as a marketplace to connect social entrepreneurs with resources to accelerate their impact.
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Youths in the Middle East deal with the world’s social problems such as high youth unemployment rates. As a solution, some are creating new businesses with a social purpose, such as tackling environmental issues, illiteracy or health, while also spurring job creation.