A global network to inspire, support,

and scale invention as public service at MIT

MIT Club of New York CityMarch 29, 2011

Tonight• Background• Teams• Q&A• How to be involved• Mix it up!

@mitchallenge#mitgclaunch

• Kate Mytty• D-Lab• Burt Kaliski

(‘84)

Introduction

It Begins with IDEAS• Innovation• Development• Enterprise• Action• Service

Since 2001 66 teams have been awarded more than $260,000 to work in 28 countries

Outcomes•$3.2m in follow-on funding

14 actively developing their model

8 technology transfer partnerships

5 non profit organizations

3 for profit businesses

25,800 companies founded by MIT alumni employ about 3.3 million people and generate annual world revenues of $2 trillion, producing the equivalent of the eleventh-largest economy in the world.*

* From the 2009 Kauffman Foundation report, “Entrepreneurial Impact: The Role of MIT”

Alumni clubs and Enterprise Forums in over 120countries represent a powerful support network

Imagine if we could bring that technical and entrepreneurial talent together with students tackling today’s humanitarian challenges.

Five goals• Support design for development

ecology• Enable experiential learning

through service• Nurture students, teams, and

projects• Engage alumni worldwide• Achieve greater community impact

Two Year Lifecycle1. Discovery2. Deploy

Benchmarks this Year• > 520 students engaged 15 events

• 84 teams entered projects in 24 countries

• 83 proposals reviewed

Also this year• > 4000 users 1093 students, faculty, alumni

• > 40 alumni volunteering mentors, reviewers, hosts

• 10 problems defined by communities

• 3 challenges sponsored at $25k each

TEAM

Jeevikah

TEAM

Maa Bara

TEAM

AssuredLabor/

EmpleoListo!

David Reich: Founder & CEO | david@assuredlabor.com | +1 917-428-9257

Confidential Property of Assured Labor, Inc.

2020

What we do

Assured Labor leverages the power of mobile phones

to rapidly connect employers with mid-to-low wage workers

that may lack consistent access to the internet.

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Built from the Ground up for Emerging Markets

Job seekers in Emerging Markets find jobs and use technology differently than in the developed world

66% to 80% of internet users in Emerging Markets don’t have a computer at home

4.6 Billion Cell phone subscribers Globally1.5 Billion Internet Users

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Innovation?

Recruitment in emerging markets today

Word of mouth

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Assured Labor’s Brand in Latin America

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Path to enable anyone with a phone to find a job

5-10% Computer in Home

Internet Café

On Mobile

25%

50%

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Disruptive Innovation: Flipping the modelProcess

• Employers can now use the web to recruit mid-to-low wage candidates

• No Junk

• Positions filled faster for less

• Candidates get hired faster with less expense in the process

80% of Jobs in emerging markets could be filled faster and cheaper with Assured Labor

Post on Board

Search Connect

(Candidates search)

(Employers search)

Painful

• Mid-to-low Wage Candidates are not there

• 1,000’s of irrelevant “Junk” Resumes

• Invalid Contact information

• Slow response rate

Wait

Better

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Tiendas Extra desea contactarte para Administrador en D.F. Si te interesa aplicar, responde enviando el codigo 45

Candidates Get the Text and Respond

60% respondWithin 24 hours

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Over 100,000 candidates

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Prestigious Employers

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It all began at MIT

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What’s next• Alumni Engagement Launch Parties NY, MN,

CA

• Online Voting & Judging April 6-25

• Poster & Judging Session April 25

• Award Ceremony & Viewing Parties May 2

• Winners’ Retreat May 23-24

• Teams Hit the Field June

You can help• Reach out, recruit• Connect, support• Scale and sustain

So by April 25• Come register• Get in there and vote• Promote the teams you support• Join us May 2

!O

Special ThanksGary, Lenora, MIT Club of NYC

Andrea, Theresa, Aicon

PSC Leadership Council

Teams Jeevikah and Maa Bara

Lars Hasselblad Torreslhtorres@mit.edu

Kate Myttykmytty@mit.edu

On the web http://globalchallenge.mit.edu

On Twitter @mitchallenge