7
Oct

hultLocal campus event calling entrepreneurs to create viable start-ups and compete for $1 million in start-up funding

The Hult Prize is the world’s largest student competition and start-up platform for social good. In partnership with President Bill Clinton and the Clinton Global Initiative, the innovative crowdsourcing platform identifies and launches disruptive and catalytic social ventures that aim to solve the planet’s most pressing challenges. Student teams compete around the world for a chance to secure US$1 million in start-up funding to launch a sustainable social venture.

The 2015 Hult Prize will focus on Early Childhood Education – a challenge personally selected by President Bill Clinton. The main issue we are tackling this year is Can we provide early education to ten million children under age six in urban slums by 2020?”

Ahmad Ashkar, CEO and Founder of the Hult Prize, attributes the success of the competition to the shift in the global economy and the millennial generation’s refusal to live in a world with inequality, “We are giving entrepreneurs from around the world a platform to innovate and revolutionize the way we think about servicing the poor.”

The winning team from the Hult Prize at IE Business School event will be fast tracked to compete at one of the six Hult Prize regional finals events around the world bypassing the general application for San Francisco, Boston, London, Dubai, Shanghai, and a TBD 6th location.

Last year, the 2014 Hult Prize regional finalist beat out 10,000 applications received from over 350 colleges and universities in over 150 countries. The Hult Prize regional competitions will take place on March 13 and 14, 2015 in Boston, San Francisco, London, Dubai, Shanghai and a TBD 6thlocation.

Following the regional finals, one winning team from each host city will move into a summer business accelerator, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business. A final round of competition will be hosted by the Clinton Global Initiative at its annual meeting in September, where CGI delegates will select a winning team that will be awarded the US$1,000,000 Prize by President Bill Clinton himself.

In the words of President Clinton, “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.”

About the Hult Prize Foundation

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 student competition and crowd-sourcing platform for social good, and has been funded by the Hult family since its inception in 2009. To learn more, visit www.hultprize.org.

About The Clinton Global Initiative

Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of Bill, Hillary & Chelsea Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date, CGI members have made more than 2,500 commitments, which are already improving the lives of more than 430 million people in over 180 countries. When fully funded and implemented, these commitments will be valued at $87.9 billion. 

To compete, please email Pranav Chopra, Campus Director on netimpact@ie.edu for more information or visit IE Business School Hult Prize page on http://www.hultprizeat.com/iebs

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