Final Deadline: 17 December 2013
The Hult Prize challenges students to create a workable business solution to a global problem and win a million dollars to make it happen.
How will you change the world with US$1 million?
Win US$1,000,000. Compete in the planet’s largest student competition to solve the world’s toughest challenges
How will you change the world with $1M in start-up capital?
The Hult Prize 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 identify and launch the most compelling social business ideas—start-up enterprises that tackle grave issues faced by billions of people. Winners receive USD 1 million in seed capital, as well as mentorship and advice from the international business community.
Up for grabs is the coveted Hult Prize which comes with US$1,000,000 in start-up funding. While there is only one winner, each regional champion will get to spend the summer inside of the Hult Prize Accelerator —an innovative incubator for social enterprise and will receive a one year membership into the Clinton Global Initiative.
Regional Rounds of competition will be held in Boston, San Francisco, London, Dubai, Shanghai and Sao Paulo on March 7-8, 2014. How will you change the world with US$1,000,000 in seed capital to scale your start-up.
Timeline:
- 29 OCT 2013 Early Bird Deadline One
- 18 NOV 2013 -Second Application Deadline
- 17 DEC 2013 – Final Application Deadline 11:59pm EST
In partnership with President Clinton and the Clinton Global Initiative, the Hult Prize has created the world’s largest student movement for social impact and the world’s largest crowdsourcing platform, dedicated to solving the most pressing social challenges on the planet.
Funded by Swedish Billionaire, Bertil Hult and supported by the Hult International Business School, the Hult Prize is THE program for budding social entrepreneurs. Each year, more than ten thousand college and university students from around the world apply to pitch their ideas at one of six regional events that take place in Boston, San Francisco, London, Dubai, Shanghai and online. Up for grabs is an opportunity to spend the summer in the Hult Accelerator – a world class center for innovation located in Boston.
Eligibility
- Open to universities, colleges and students on every continent, the Hult Prize has grown to become the world’s largest student movement for social good.
- It is also the world’s largest crowd-sourcing platform.
- Participating annually are thousands of students from 130 countries, representing over 350 institutions of higher education.
- Competing schools included Stanford, Harvard, INSEAD, Hult International Business School, NYU, Columbia, American University Beirut, LBS, Hitotsubashi, St. Petersburg, and Tel-Aviv University. Nearly all of the Financial Times’ Top 100 MBA programs participate.
Each year, a critical social problem is selected by President Bill Clinton and a challenge issued. Teams of 4-5 students are challenged to develop an innovative start-up enterprise to eradicate the problem. Access to Education. Clean water. Affordable housing. Clean energy. Solar Power. These are a few of the issues competitors have tackled since the competition’s inception.
HOW TO APPLY:
Student teams interested in participating in the event should visit the website to fill out the application here.
- Form a team of 4 to 5 people from your college or university (Interdisciplinary teams encouraged
- Download the case study and challenge question
- Select one of the six cities (Boston, San Francisco, London, Dubai, Shnaghai or Sao Paulo
- Prepare your team’s statement of purpose
- Upload your team information including: resumes and statement of purpose via the application form.
FOR MORE INFORMATION:
visit the official webpage of the Hult Prize for Social Entrepreneurs