Foundation / Corporation
Truist Foundation and Massachusetts Institute of Technology (MIT) - MIT Solve
05/16/22 12 PM (Noon) EST
Competition for USA nonprofit organizations to create innovative solutions to assist small business owners. The purpose of the competition is to generate initiatives that support racially diverse and women-led small businesses. Competition finalists will receive training and mentoring to support their efforts.
The Truist Foundation is especially interested in supporting solutions in, or with plans to expand to, at least one of the following 18 markets in which Truist operates: North Carolina, South Carolina, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana, Texas, New Jersey, Ohio, Pennsylvania, Washington, D.C., New Jersey, Delaware.
The Truist Foundation and MIT Solve are thrilled to be partners in launching the inaugural Inspire Awards to identify innovative nonprofit-driven solutions that provide support to grow, develop, and sustain racially diverse and/or women-led small businesses in the United States. The Challenge is seeking organizations driving a new frontier for entrepreneurship across the United States. Truist Foundation and MIT Solve welcome bold solutions with transformational potential that span across a range of challenges faced by small business owners, including:
The Challenge will consider solutions in the Pilot, Growth, or Scale stages of development. See definitions in FAQs, in Pre-Application Information, below.
All finalists will participate in a 5 month tailored support program run by MIT Solve and the Truist Foundation that will include:
GrantWatch ID#: 201981
- Semifinalists who don’t advance to the finalist stage will receive $10,000 each.
- $250,000 for the First Place Winner
- $150,000 for the Second Place Winner
- $75,000 for the Audience Favorite
- $25,000 for each runner up team
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Submit a Solution: https://solve.mit.edu/login?selected_challenge_id=130
Inquiries, contact Sara Monteabaro: firstname.lastname@example.org
USA: Alabama; Alaska; Arizona; Arkansas; California; Colorado; Connecticut; Delaware; Florida; Georgia; Hawaii; Idaho; Illinois; Indiana; Iowa; Kansas; Kentucky; Louisiana; Maine; Maryland; Massachusetts; Michigan; Minnesota; Mississippi; Missouri; Montana; Nebraska; Nevada; New Hampshire; New Jersey; New Mexico; New York City; New York; North Carolina; North Dakota; Ohio; Oklahoma; Oregon; Pennsylvania; Rhode Island; South Carolina; South Dakota; Tennessee; Texas; Utah; Vermont; Virginia; Washington, DC; Washington; West Virginia; Wisconsin; Wyoming
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