Tuesday, October 27, 2015

Hult Prize, start-up accelerator for budding young social entrepreneurs emerging from the world’s universities

Win US$1,000,000. Compete in the planet’s largest student competition to solve the world's toughest challenges

The Hult Prize Foundation is a start-up accelerator for budding young social entrepreneurs emerging from the world’s universities. Named as one of the top five ideas changing the world by President Bill Clinton and TIME Magazine, the annual competition for the Hult Prize aims to create and launch the most compelling social business ideas—start-up enterprises that tackle grave issues faced by billions of people. Winners receive USD1 Million in seed capital, as well as mentorship and advice from the international business community.

Mission & Overview

The Hult Prize Foundation is a not-for-profit organization dedicated to launching the world's next wave of social entrepreneurs. It encourages the world's brightest business minds to compete in teams to solve the planet's biggest challenges with innovative ideas for sustainable start-up enterprises. Annual Hult Prize winners can make their ideas reality with the help of USD1 million in seed funding.

Competition Overview

Local and Regional Competitons > Hult Prize Accelerator > Global Finals > Implementation

1. Local and Regional Competition

College and university students are called to action to compete in one of five global regional rounds of competition. Teams of 3-4 students are charged with developing ideas for social enterprises that can conquer modern day’s most solvable global challenges. A local round may also be happening on your campus.

2. Hult Accelerator

During the months of July and August, the Hult Prize's six regional finalist teams will attend the Hult Prize Accelerator, a six-week program of intensive entrepreneurial seminars hosted by Hult International Business School.

3. Global Finals

Following the conclusion of your time working in the Hult Accelerator in July and August, each of the six winning teams will attend CGI's annual meeting in September. Within the meeting agenda, President Clinton will host the Hult Prize Global Finals. Here, teams will pitch their ideas in-front of a world-class audience, where President Clinton, along with CGI Meeting attendees will select and award the winning team with a USD1 million prize.

4. Implementation

The Hult Prize Global Champion will immediately work to launch their new social enterprise. Continued support, mentorship and advisory will be provided by the Hult Prize Accelerator and it's partners, as the winning student team moves forward with the implementation of their idea via their start-up.
“If you can create a real business, the beginning of a prototype, you can change the world.”
  • What is the Hult Prize?
    The Hult Prize is a start-up accelerator for social entrepreneurship which brings together the brightest college and university students from around the globe to solve the world’s most pressing issues. The annual initiative is the world’s largest crowdsourcing platform for social good and one of the planet’s leading forces for good.
    Participants compete in local events organized on campuses around the world or apply online to partake in the regional finals which are held in five international cities around the world, including: Boston, San Francisco, London, Dubai, Shanghai and on-line. Winning start-ups from each city move onto the Hult Prize Accelerator for the summer before attending the President Bill Clinton hosted global finals, which take place each September at the Clinton Global Initiative annual meeting in New York. Collectively, more than ten thousand students, representing more than 150 countries around the world participate in the Hult Prize and spend over 2 million man-hours on solving the world's most pressing issues. Through crowdsourcing, training, mentorship and funding, the Hult Prize seeks to build and launch the next wave of social entrepreneurs.
Official 2016 Hult Prize Applications will open on October 7th.  There will be two early bird application deadlines, with a final application deadline of December 18, 2016.
for more info see www.hultprize.org
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