Crescent Enterprises collaborates with MIT solve to advance AI for social innovation in the Arab region
MIT Solve's Global Challenges aim to harness technology and entrepreneurship to create scalable solutions in key areas such as climate resilience, healthcare, economic inclusion, and education. By supporting MIT Solve, Crescent Enterprises is reinforcing its commitment to fostering innovation and driving impactful, technology-enabled change in high-growth markets.
'AI has the potential to revolutionize industries, redefine economies, and shape a more inclusive future,' said Tushar Singhvi, Deputy CEO & Head of Investments at Crescent Enterprises. 'Through our partnership with MIT Solve, we are fostering a platform for AI-powered innovation that aligns with global priorities while addressing region-specific challenges. This initiative reflects our ongoing commitment to enabling entrepreneurship and technology for sustainable development'.
For the first time, MIT Solve will host a MIT Challenge Clinic in Arabic, in collaboration with Crescent Enterprises. This initiative will equip regional entrepreneurs with access to a global network and tailored guidance, enabling them to harness AI-driven innovation more effectively.
'MIT Solve is dedicated to empowering innovators and entrepreneurs who are tackling the world's most pressing challenges through technology,' said Hala Hanna, Executive Director of MIT Solve. 'Our collaboration with Crescent Enterprises enhances our ability to connect with AI-driven problem-solvers across the MENA region and globally, equipping them with the tools, resources, and networks necessary to scale their impact and drive AI-powered innovation forward.
MIT Solve's 2025 Global Challenges will deploy over $1.5 million in funding to scale transformative, tech-enabled solutions addressing critical global challenges. As part of this initiative, Crescent Enterprises' AI for Social Innovation Prize will support up to four winning teams, two from the MENA region and two from global applicants. Each recipient will receive $25,000 in equity-free funding and access to MIT Solve's nine-month Solver Support Program, designed to accelerate impact through tailored mentorship, strategic advisory, and direct engagement with MIT's global innovation ecosystem.
Applications are open to entrepreneurs, researchers, and organizations with solutions that align with Solve's Global Challenges, with a particular focus on AI-driven social innovation. Submissions will undergo a rigorous evaluation process led by MIT faculty and industry leaders, assessing technological ingenuity, feasibility, scalability, and long-term impact.
Finalists will be invited to the Solve Challenge Finals in New York City, where winning teams will receive financial support, executive mentorship, and access to an influential network to further scale their solutions and drive measurable change.
By leveraging Crescent Enterprises' regional expertise and MIT Solve's global innovation ecosystem, this partnership aims to bridge the gap between frontier technology and real-world solutions. Through strategic collaborations, Crescent Enterprises remains committed to advancing AI-driven innovation that fosters sustainable economic growth and empowers entrepreneurs in high-growth markets.
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