Six Student Teams to Compete for $1 Million Hult Prize
Six Student Teams to Compete for $1 Million Hult Prize
PR56163
LONDON, Mar. 14, 2014 /PRN=KYODO JBN / --
The Hult Prize today announced the six finalists for its annual start-up
challenge. Thousands of PhD, MD, MBA, Master's, and undergraduate students
pitched startup enterprises aimed at tackling non-communicable-diseases (NCD)
in urban slums.
This year's Hult Prize challenge topic, selected by President Clinton,
asked participants to build sustainable and scalable social enterprises to
address NCDs in slums, where nearly a billion people live today. Teams from
University of Pennsylvania, Massachusetts Institute of Technology, HEC Paris,
ESADE Business School, Indian School of Business, and York University will now
advance to a two-month accelerator boot camp in Boston where they will be
mentored by world leaders as they look to refine and scale their startups and
prep for their final pitch, hosted at the Clinton Global Initiative Annual
Meeting this September in New York. The winning team will receive $1 million in
startup seed funding.
With nearly 11,000 annual participants, the Prize is the world's largest
millennial movement for social good. President Clinton, who wrote in TIME that
the Prize is one of the top five ideas changing the world, has supported the
competition since 2011.
"The Hult Prize is a wonderful example of the creative cooperation needed
to build a world with shared opportunity, shared responsibility, and shared
prosperity, and each year I look forward to seeing the many outstanding ideas
the competition produces," said President Clinton.
Hult International Business School [http://www.hult.edu ], the Prize's lead
sponsor, hosted regional final competitions at its campuses in Boston, San
Francisco, London, Dubai and Shanghai (with Sao Paulo hosted by Rio Branco
University in Brazil). Students from more than 150 countries representing more
than 300 higher education institutions presented their ideas for this year's
challenge, which was judged by leading executives from businesses like
Unilever, Coke, and McKinsey. His Excellency Sheikh Nahyan bin Mubarak Al
Nahyan, ruling member of the UAE Royal Family, also judged the Dubai
competition.
"The Hult Prize continues to deliver multiple disruptive ideas each year
around a challenge topic critical to millions of underserved people around the
world," said Dr. Stephen Hodges, President of Hult International Business
School. "We are honored to host these young social entrepreneurs each year and
support them as their ideas come to life."
For more information about the Hult Prize visit http://www.hultprize.org.
For more information about Hult International Business School visit
Contact:
Michael Lu / Michael.lu@hult.edu / +44(0)207-341-8659
Source: Hult International Business School
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