The Rise Prize

The Rise Prize is an initiative created by Imaginable Futures (a venture of The Omidyar Group) and Lumina Foundation, in collaboration with leading partner organizations. Its core mission aligns with the foundations' goals of fostering economic mobility and well-being, specifically by leveraging direct investments in innovative solutions that support student parents. This program seeks to accelerate the postsecondary success of student parents, recognizing the critical role education plays in their economic advancement and overall well-being. The primary beneficiaries of the Rise Prize are student parents in the US, across all states and counties. The program targets impact-driven changemakers, including non-profit organizations, for-profit companies (such as edtech solutions), and higher education institutions (including departments, teams, academic institution associations, or alternative career pathways programs like workforce programs, credentialing programs, and bootcamps). The overarching impact goal is to increase the number of innovative solutions that directly drive postsecondary success for this demographic, ultimately leading to greater economic mobility and improved well-being. The Rise Prize prioritizes solutions that will have a direct impact on the postsecondary success of student parents. This includes a wide array of solution types, such as flexible courseware, original outcomes-based financing solutions, innovative childcare support models, community building, and completion coaching. The program also highlights key areas of focus like Childcare, Community of Support, Completion Time, Convenience First, Cost, and Credential/Connection to Career. Applicants are encouraged to demonstrate how their solutions address these critical areas to accelerate student parent success. The program is structured to achieve several expected outcomes, measured through a three-tiered award system. Early stage applicants, those with new ideas anchored in initial customer validation, are eligible for $50,000 awards, with 8 winners expected. The "Risers’ Choice" awardee receives $100,000. Mature stage applicants, defined by organizations with strong conviction and demonstrated product/market fit, are eligible for $200,000 awards, with 5 winners anticipated. In total, 14 awards totaling $1.5M will be distributed. Beyond direct funding, the program also aims to raise awareness of solutions, provide exposure to funders and partners, strengthen ideas through mentorship, foster community among innovators, and offer advisory support for product pitches to finalists.