Tec presents the TPrize, an award which seeks to resolve social issues

With the provision of a financial incentive, communities can begin to resolve their issues and export their solutions to other countries in order to contribute to social wellbeing

By Liliana Corona | Tec Review - 12/19/2019

Tec de Monterrey and the University of Los Andes have presented the TPrize initiative, an award for those who are enthusiastic about resolving social issues in communities.

It aims to resolve educational issues in Latin America and the Caribbean.

The TPrize consists of using the collective intelligence of communities to obtain high impact solutions for education that can spread from local to regional level.

At the International Conference on Educational Innovation (CIIE), teachers from different countries presented the challenges facing the region in terms of education.

Unimos fuerza con la Universidad de los Andes y oficialmente nuestro proyecto TecPrice pasa a ser TPrize un proyecto de innovación abierta para américa latina y el caribe. 🤝 #CIIETec pic.twitter.com/CRd1RkXIvi
— Tecnológico de Monterrey (@TecdeMonterrey) December 18, 2019

For 2020, the challenge consists of answering this question:

How can disadvantaged communities design and take part in opportunities for learning life skills in order to create productive and prosperous ways of living in the 21st century?

To answer this question, the TPrize seeks innovators from all over the world who work in or are planning to expand into Latin America to propose their solutions for the region.

The challenge was officially launched with this presentation, although workshops to design challenges began in October.

This process will continue with the call (which closes on March 31, 2020). Finalists will be announced on May 22 and the final will be held in June 2020.

Solutions can be proposed as the challenge is launched over the next three months, accompanied by webinars and design workshops so that proposals can be strengthened for submission.

Then, a panel of judges from different disciplines will select 10 finalists, who’ll receive a prize of 5,000 dollars and be invited to the grand final event in June 2020.

Five winners will be selected at this event, who’ll receive an additional prize of 10,000 dollars and go on to the third follow-up stage, which will last two years.

At this stage, they’ll receive mentoring and assessment to scale the project up in Latin America.

“We want small groups or countries to provide a solution when communities have the solution to big problems,” said Salvador Alva, President of Tec de Monterrey.

Alva was excited about the possibility of ideas from community members providing solutions to big problems.

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