The AI and Social Mobility Challenge Prize is delivered by EY Foundation and Social Tech Trust. It was established to ensure equitable sharing of opportunities arising from AI and emerging technologies.
The Prize aims to develop technological innovation to improve social mobility of young people from lower socio-economic backgrounds in the UK. It is anticipated this will lead to long-term security and employment for young people.
Projects should address the following priorities:
- EdTech and learning access.
- Future of work and youth employability.
- Workforce inclusion and inclusive recruitment.
- AI literacy and digital skills.
- Career navigation, mentoring and guidance.
- Accessibility, wellbeing and financial capability.
Early-stage startups and groups, including social enterprises, not-for-profit organisations and companies limited by shares in the UK are eligible to apply. Applicants should have an early version or working prototype of the product or service available that uses AI/new technology to improve the life chances of young people from lower socio-economic backgrounds.
Successful applicants will receive a range of benefits, including non-dilutive grants, expert-led workshops and mentoring, plus investor and funder readiness support. The Challenge Prize winner will receive a £10,000 non-dilutive grant and the runner-up £5,000. Additionally, eight shortlisted ventures will receive £3,125.
The closing date for applications is 20 July 2026.