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For the 2019-20 cycle, ASU Idea Teams must advance ideas that will increase by 10% the net income for 10,000 middle class households in Arizona by 2022. Ideas can include products, apps, services, programs, for-profit/non-profit ventures or policy approaches that increase earnings, decrease expenses or a combination of both strategies.
The Alliance for the American Dream designed the competition with a funnel approach, narrowing the number of participating teams at each stage.
September 6th, 2019
The university identifies promising ideas through nominations or at-large proposals accepted from other interested ASU-affiliated teams. Teams will be offered tools and resources to help refine their idea and proposal.
Early November, 2019
A local advisory board made up of community members will select three teams to represent ASU at the semi-final national competition. The three winners of this stage will each receive seed funding to advance their proposal.
Late March, 2020
12 teams (three from each Alliance university) present to a selection panel of national judges. Up to five teams will advance to the final stage.
Late June, 2020
Teams pitch directly to Eric Schmidt, co-founder of Schmidt Futures, for up to $1 million of implementation funding.
In Stages 1-3 of the competition, proposals will be evaluated using criteria set by Schmidt Futures, including the extent to which the solutions accomplish the following:
Effectiveness toward reaching goal – if implemented, would increase by 10% the net income for 10,000 households by 2022
Innovative – a novel approach and/or makes use of technical elements (e.g. artificial intelligence, machine learning, big data, etc.)
Measurable – impact can be measured and having a plan in place to measure the impact of the solution
Multidisciplinary – draws on multiple fields, sectors, disciplines, or topics
Meet the ASU Idea Teams competing for $1 million in the 2019-2020 challenge.
Paul Hughes, Founder, Enfuego
Dragan Boscovic, ASU Technical Director, Center for Assured and Scalable Data Engineering (CASCADE)
This project helps job seekers, especially those currently un/underemployed find employment by optimizing their resume for each job to which they apply. The tech, developed at ASU, uses machine learning to understand the skills required for each job, conduct a gap analysis, determine how competitive an applicant is,and tailor their resume to each position. The system will also link educational opportunities to upskill.
Lisa Flesher, Sr. Director for Strategic Initiatives, EdPlus, ASU
This project expands me3 by matching, initially, AZ government employees with existing educational benefits to educational pathways to up/reskill. The project will focus on credentials that arein-demand, stackable and valuable to help users be competitive in the workforce and increase income.
Rolf Halden, Founder, ASU Biodesign Center for Environmental Health Engineering
This project uses wastewater to map the sources of toxins in communities that cause health hazards. This real-time health snapshot allows for the targeted deployment of policy, public health interventions and pollution control. Since low- and middle-income families are disproportionately affected by such toxins, this engineering solution will help reduce healthcare costs and income loss due to illnesses.
Dave Brown, CEO, Valley Leadership
Lorenzo Chavez - Assistant Vice President, Arizona State University
This project builds on the momentum of Project Benjamin by leveraging a chatbot to deliver timely financial literacy training andadvice. This project will help families improve their credit scores, reduce expenses in other major areas (e.g., housing, food, transportation), and optimize their taxes for refunds, including expanded use of the EITC.
Marie Raymond, Human Services Manager, Education and Senior Services at City of Tempe
This project helps middle class families in Tempe find affordable and quality childcare, enabling them to pursue educational and/or employment opportunities. By helping families navigate this complex system, this project helps them increase net incomes through enhanced employment (e.g. additional hours, promotions, etc.) and/or pursuing educational opportunities.
Matthew Aguayo, Co-founder, EnKoat
Aashay Arora, Co-founder, EnKoat
This project reduces the cost of home maintenance and utilities for middle class families using energy-saving wall and roof coatings. These coatings actively insulate the home from external temperature variations thereby reducing utility expenses, HVAC maintenance costs, improved home values and system installations.
Ji Mi Choi, Associate Vice President, Entrepreneurship + Innovation, ASU Knowledge Enterprise Development
Rick Hall, Senior Director of Health Innovation, ASU Edson College of Nursing and Health Innovation
Prepped Futures supports local mobile food business owners in AZ, predominantly women and underrepresented minority entrepreneurs, to achieve higher business sustainability and profitability by scaling Prepped's existing in-person incubator program to a hybrid digital model.
- ASU President Michael M. Crow