MIT Solve 2027 Global Economic Prosperity Challenge — Work, Finance and Housing

Opportunity type: Grants / innovation funding challenge Organiser: MIT Solve Focus: Economic Prosperity Applications close: 6 November 2026 at noon US Eastern Time (check conversion locally) Apply via official challenge page: https://solve.mit.edu/challenges/2027-global-economic-prosperity-challenge

What problem is the call addressing?

Reducing barriers to quality work, financial resilience and affordable housing through inclusive technology and new business models.

Who is it for?

Teams with a practical idea already grounded in the circumstances of the communities they propose to support, across any eligible country. MIT Solve describes its Global Challenges as open internationally; each proposed project still needs to satisfy the published judging criteria.

A useful direction for African teams

African founders could examine fair access to work opportunities, productive small-business finance, transparent rental processes or tools that genuinely help people withstand economic shocks. Proposals should show the underlying problem, the people served, measurable outcomes and why the approach can scale responsibly.

Funding and selection: an important distinction

The organiser says a $150,000 prize may be awarded to one or more selected Solver teams. It is competitive and does not mean every participant receives funding. Applicants should read the official Solver programme and challenge terms for available funding and obligations rather than treating a challenge entry as an approved cash grant.

Before applying

Prepare a short evidence-led account of the problem, a description of users, your solution's stage, a practical implementation plan, a realistic budget and ethical or regulatory safeguards. Check the organiser's site for application updates and final timing.

ITBank independently researched this opportunity on 27 October 2026 from the official MIT Solve challenge page. ITBank does not accept applications or guarantee awards.