Solve, MIT’s take on social innovation challenges, may be different enough to work – TechCrunch

Solve, MIT’s take on social innovation challenges, may be different enough to work – TechCrunch

Since McKinsey released a report on how best to use prizes to incentivize innovation nearly a decade ago, an entire industry has grown around social innovation challenges. The formula for these “save the world” competitions has become standard. Drum up a lot of buzz around an award. Partner with big names to get funding and high-profile judges. Try and get as many submissions as possible from across the world. Whittle down the submissions and come up with a list of

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