Level-Up has 3 stages. Advancement through the stages will be based on the applicant’s:
- potential and demonstrated ability to produce the outcomes of more housing
- faster development timelines
- economies of scale for their solution
Stage 1 – Elevating Foundational Solutions (Launch & Intake)
Applications Due December 18, 2023
Innovators must prove that their solutions can lead to more housing, faster. Up to 20 foundational solutions will receive a $1,000,000 prize.
Stage 2 – Achieving Next Level Impact and Adoption
Starting March 2024
Innovators must prove that they have achieved buy-in and adoption from housing providers and they have a strategy to scale. Up to 10 next level solutions will receive a $3,000,000 prize.
Stage 3 – Changing the System
Starting Fall 2024
Innovators must prove that their solution is a game-changer for the housing system. These solutions have proven to be the most reliable, most cost-effective avenues in the Challenge to generate significantly more housing, significantly faster.
Up to 3 game-changer solutions will receive a $5,000,000 prize.