2016 Challenge will be called on September 2015
The Hult Prize Foundation each year calls students around the world’s universities for USD 1 Million competitive challenge to solve the world’s toughest challenges. The Hult Prize seeks to build and launch the next wave of social entrepreneurs through crowd-sourcing, training, mentorship and funding.
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. Participants compete in local events organized on campuses around the world or apply online to partake in the regional finals.
Benefits
- USD 1 Million Seed Capital
- Mentorship
- Advice from International Business Community
Participation
- University students should team up to create a start-up aimed at solving an issue faced by billions in need; and submit the project.
- The short listed teams will participate at one of the regional final locations and pitch their project.
- A regional champion will be announced and the champion team will receive one year membership into the Clinton Global Initiative and an opportunity to spend the summer at the Hult Prize Accelerator – an innovative incubator for social enterprise.
- These regional champions will pitch their idea in the Global Finals. Global leaders will be selected and awarded the startup capital to implement project.
- The Global Champion will launch the start-up. They will also receive mentoring and advice to work on the social enterprise.
Past Winners
- Aspire from McGill University (2013): Project to address access of urban slums to affordable nutrition.
- Sunny Money (2012) is now a subsidiary of Solar-Aid and the largest distributor of solar lamps in Africa.
- Paani (2011) is India’s largest loyalty and rewards program that targets the urban slum and the world’s poorest.
- One Laptop App Store (2010) enabled the mothers of the children to use the meshing infrastructure to trade goods and services with other slums and villages where the computers were deployed.
Eligibility Criteria
- Applicants must be university students (past or present who has yet not graduated) from any college or university in the world.
- Applicants should be a team of 3-5 students.
- All participants of a team must have connection with the same school.
- Applicant team can have a maximum of one alumnus who is not a faculty member of the school.
How to apply?
Simple! Upload resumes of the team members and one team statement of purpose into the online application system.
More information about this Seed Funding Opportunity is available in the PDF version. If you are a FundsforNGOs Premium Member, you can instantly download this PDF version. Not a Premium Member? Click here to Sign up! Not interested? Continue reading…
