A Roadmap for Catalytic Grantmaking
A Roadmap for Catalytic Grantmaking
A Roadmap for Catalytic Grantmaking
Catalytic
Grantmaking
Lessons in designing open innovation challenges
Grantmaking—whether by
a foundation, corporation,
or multilateral organization
—has the potential to be a
driver of innovation.
Limited reach
When staff capacity is limited, funders may resort to an invite-only Request For Proposal (RFP) in which only those organizations already
within their network are invited to apply. This can result in funding flowing primarily to known, established organizations making it more
difficult for new, innovative ideas to gain traction.
No wraparound support
Zach Rieken
Without a doubt, funding is critical for innovations to scale. But without access to networks, outside expertise, and other non-financial
resources, innovators miss out on game-changing capacity-building support that could unlock pathways to scale and drive lasting impact on the
CEO, Living Proof issue.
Innovation
Population Fund
(UNFPA)
In 2024, Solve and The Bill & Melinda Gates Foundation collaborated again,
with the focus of work shifting towards leveraging AI to enhance
assessment experiences for Pre-K to Grade 8 learners in the United States.
By harnessing the power of new technology, the Learner//Meets//Future: AI-
Enabled Assessments Challenge aims to address educational disparities and
improve outcomes for students across diverse backgrounds.
RESULTS INCLUDE:
Six winners chosen for the Novel Measurement for Performance Improvement Challenge went on to work with the World Food
Programme to accelerate their solutions
Given the rapid pace of AI technology development, the Learner//Meets//Future Challenge was designed to accept solutions from all
stages of development including early, concept-stage solutions
HIGHLIGHT:
One of the winners, HERA AI: Predictive Care Navigator, is now able to expand its work from
Türkiye to Latin America with the support of regional UNFPA offices. The team has 6,000 current
HERA app users, affecting 100,000 beneficiaries and their families.
RESULTS INCLUDE:
375 applications submitted, with 283 solutions led by women
14 winners selected from 14 different low- or middle-income countries
$280,000 in prizes and wraparound support granted to finalists and winners
The Truist Foundation and MIT Solve first launched the Truist Foundation Inspire Awards to
find and fund innovative solutions that support women and BIPOC-owned businesses in the
United States.
The first year of the challenge kicked off in February 2022. Solve leveraged our award-winning
platform to promote the challenge and our multi-phase methodology to vet and narrow to the
most promising solutions. A cross-industry team of judges selected a cohort of seven finalists
who received funding and engaged in a five-month capacity-building support program Small businesses are the fabric of
facilitated by Solve and the Truist Foundation. In October 2023, two winners were awarded this economy. Solve not only
prizes of up to $250,000 each to advance their work during the annual Inspire Awards event. helped those micro-businesses
Year two of the Inspire Awards saught tech-based solutions from nonprofit organizations that
become scalable, but also build
support small business owners in the United States. resiliency, so when disruptions
HIGHLIGHT:
happen in our economy, they will
know how to rebound, survive, and
In addition to the winners of the challenge, Truist chose to include finalists in their support
thrive.
program to provide the most impact and scale.
Lynette Bell, President,
FIRST YEAR RESULTS INCLUDE: Truist Foundation
1 Design expertise
We turn social impact goals into a clear call to action that will
attract high-quality applicants. Leveraging our expert network,
community members, and Solve’s content area specialists, we’ll
uncover the areas of a given problem where innovation can make
2
the most impact.
Reach
At Solve, we believe that those closest to the world’s most pressing
issues are best poised to solve them. Since 2015, 20,000+ solutions
have been collectively submitted to Solve challenges from 180+
countries. In the most recent cycles of Solve’s Global Challenges,
nearly 62% of applicants came from the Global South.
3 Marketing support
We have a wide innovator network eager for the opportunity to
apply to challenges. Based on a client’s needs, we can reach tailored
audiences by promoting a challenge in our various newsletters
(220,000+ subscribers), with curated social media promotion
(60,000+ subscribers), and to innovation hubs around the world
that align with the challenge topic.
6 Covening power
Clients can engage deeper in the Solve and MIT ecosystem by
attending or featuring their custom challenge at our flagship events.
Solve at MIT is held each spring on MIT’s campus, and Solve
Challenge Finals convenes during the UN General Assembly Week
each fall in New York City. We leverage these gatherings, each with
a curated audience of over 250 industry leaders, to announce
challenges, spotlight finalists and winners, and convene like-
minded individuals committed to social impact.