Elevate Prize Foundation Launches $5 Million Prize Competition

Elevate Prize Foundation Launches $5 Million Prize Competition

The Elevate Prize Foundation has announced the launch of a competition designed to spark movements, mobilize people, and catalyze positive transformational change.

Guided by the UN's Sustainable Development Goals and in partnership with MIT Solve, a marketplace for social impact innovation, the competition will award up to $5 million annually to ten "global heroes" who are working to address an urgent problem, including emerging pandemics and health security threats such as COVID-19. Awardees will receive at least $300,000 over two years to advance their efforts to change the world, with the potential for additional financial support, as well as access to management and development assistance, mentorship and counseling, educational training, and a platform through which they can amplify and scale their work.

In response to the COVID-19 pandemic, MIT Solve has launched an additional challenge — the Health Security & Pandemics Challenge — and will award one of the ten Elevate Prizes to a "Solver" team that emerges from the competition.

"Our mission is two-fold: first, we want to find extraordinary, purpose-driven leaders, innovators, activists, and risk-takers all over the world — the best of the best — and provide them with resources and support to dramatically increase their impact," said Joseph Deitch, philanthropist, author, and founder of the foundation. "The second part is where the magic really happens. We want to share the stories of these changemakers — whether they are focused on equality, education, economic issues, or are addressing other critical needs — and showcase their enormous energy, talent, and passion with the rest of the world. In this way, we believe the Elevate Prize can create a powerful fanbase for each winner and for social entrepreneurship in general. Ultimately, the goal is to awaken and nurture the hero in all of us, and ignite a chain reaction of giving, goodness and love on a global scale. The world is looking for heroes. I believe this is needed now more than ever."

(Photo credit: GettyImages, Bulat Sylvia)