An annual competition that supports innovation and entrepreneurship as public service

KonbitHaiti, 2010

egg-EnergyTanzania, 2009

PerfectSightIndia, 2010

Since 2001 78 teams have been awarded more than $300,000 to work in 28 countries

PerfectSight Developed an innovative, mobile system for diagnosing refractive eye conditions for under $1 using cell phones.

2010 WinnerIndia

EGG-EnergyDeveloped innovative lighting and energy leasing franchise that aims to eliminate costly, unhealthy, and dangerous kerosene lanterns used around the world.

2009 WinnerTanzania

IndianMobile Initiative (IMI)Developed a series of workshops for Indian students to learn and harness the power of Android apps as a means to spurring social enterprises.

2011 WinnerIndia

Your role

question critique develop

what makes for an IDEAS project?

1/3 full-time MIT students

innovation

feasibility

impact

Process to Enter

1 Sign up: globalchallenge.mit.edu

2Submit: Initial Scope Statement + Development Grant

3 Submit:Proposal

Today!

Nov 2Jan 25March 2March 23** Filter

When

April 8

Awards up to $10K + community choice award

PROCESS1. Poster + Judging Session @ MIT2. Online Judging3. Community Choice Vote

Review Process1

Download, Read, Give FeedbackInitial Scope and Dev Grants online

Nov 2Jan 25March 2

When

2

Discuss with Review TeamDiscuss feedback, consolidate, submit onlinein person

3

Share with Student TeamsShare feedbackin person

4

Check in with Student TeamsBefore deadlines.via the Global Challenge site

Next upThe first Initial Scope deadline is November 2.

Initial Scopes to you on November 3.

See you back here on November 9.

Initial proposal review

Sequence of input boxes on review page

Fill in the first review box, last.

Overall feedback

Innovation

Feasibility

Impact

Resources

Less about the legal structure, more about the drivers and their sustainability.

Initial proposal review

Innovation

Say, Product / service, process or social.

Addressing a well defined unmet need.

Innovation’s sustainability over next 1-2 years.

Feasibility

Customer profile, potential market size, positioning.

Competition profile and counter strategy.

Relevant team background for success of the innovation.

Initial proposal review

Feasibility…contd.

Well defined and time bound goals, strategy, resource needs and budget statement.

Community partners, and delivery capabilities.

Impact

Expected social / environmental impact, and key drivers.

Quantitative or qualitative measurement.

Initial proposal review

Resources

Other organizations addressing similar need in a manner that the team may leverage.

Legal / policy regulations that the team should consider.

Overall feedback SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Take a shot

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