The idea of using business to solve major social and environmental problems is a global phenomenon. More and more innovative social impact enterprises are set up in droves to positively impact communities and improve the quality of life through responsible and socially engaged business practices.

To further enable other passionate and purpose-driven non-profit leaders who have innovative ideas that can make a real difference, the Elevate Prize is inviting applicants from around the world.

What’s the Elevate Prize?

Powered by MIT Solve, a marketplace for social innovation, the Elevate Prize was launched to empower innovators and activists, and dramatically amplify their impact – not only through financial support but by building powerful platforms that resonate across the globe.

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The initiative plans to deepen the impacts of change-makers, igniting a chain reaction of problem-solving, giving, social entrepreneurship, philanthropy, and activism on a grand scale.

Eligibility requirements

To qualify, applicants must:

Be 18 years of age or older;

Be affiliated with a legally established entity (formed under U.S. law, or the law of their country of residence).

Have a high proficiency in spoken and written English (submissions are in English)

Have a scalable enterprise with a track record of impact

Screening criteria

Applications are evaluated, then scored based on the following parameters:

Proven impact, the enterprise must have a track record of success.

Feasibility, including a plan for financial sustainability

Scalability, with significant future impact planning.

Capability, including demonstration of necessary skills.

Partnership potential, allowing for significantly larger audiences.

Prize

10 exceptional winners will be awarded US$5 million in grant funding and services.

Deadline

Applications open till Wednesday, May 5, 2021. If you’d like to apply for the Elevate Prize 2021, visit their website.

For further information about the prize including preferred areas of focus, and some ideas about what is looked for in potential winners, visit this page.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry