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The The MIT International Development Initiative is excited to announce the third year of the Muhammad Yunus Innovation Challenge to Alleviate Poverty. Each year, the Yunus Challenge highlights a need of the world’s poor and enables MIT students to develop solutions through a variety of mechanisms, including Public Service fellowship grants, the IDEAS Competition and D-Lab.
The Challenge, named in honor of 2006 Nobel Prize winner Dr. Muhammad Yunus, was initiated and also supported by MIT alumnus Mr. Mohammed Abdul Latif Jameel, supporter of the MIT International Development Initiative, and benefactor of the Abdul Latif Jameel Poverty Action Lab at MIT (J-PAL). The 2008-2009 Yunus Challenge topic is
"Affordable small-scale energy storage systems."
One in four people in the world lack access to electricity. Low-cost renewable energy systems are increasingly accessible to the world's poor, but batteries remain a costly, unsustainable way to store this energy.
The year's Yunus Challenge calls for innovative small-scale energy storage solutions to help alleviate poverty. Solutions must address the needs of people living on less than $2 per day. Solutions are not limited to electrical storage; applicants are encouraged to consider other types of storage, such as storing thermal or mechanical energy. However, solution should focus on storage and not on insultation or other energy-related issues. For complete information and background on the 2008-2009 Yunus Innovation Challenge to Alleviate Poverty, please visit the Yunus Challenge website.
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