The Legatum Center for Development and Entrepreneurship is now accepting applications for its 2010 Seed Grants.
Each year, the Legatum Center provides seed funding to teams of MIT undergraduate and graduate students who are building promising ventures for low-income countries. For use during the Independent Activities Period in January and during the summer, the grants are awarded through a highly competitive application process. Deadline for application is Nov. 19.
Past recipients of Legatum seed grants include:
- Community Water Solutions, Ghana, which is working on creating a commercially viable community-based water training, treatment and distribution model to provide greater access to clean drinking water.
- Solar Rickshaws, India, which is developing unique solar cell modules that can be mounted onto autorickshaws for the purpose of decreasing fuel consumption and improving air quality in India.
- EGG-tech, Tanzania, which is developing a battery swap business that will serve low-income individuals in Tanzania who lack access to electricity by allowing them to buy and recharge, at local sites, batteries that can power households for up to three days.
Profiles of all of the 2008-2009 seed grant recipients can be read on the Legatum Center's web site at http://legatum.mit.edu/grant.