Janice Lozano
The Hult Prize is a prestigious worldwide student competition that challenges university teams to solve the most pressing global issues with viable business ideas. It is the largest student social entrepreneurship competition in the world, run in partnership with the United Nations. Students from any college or university are invited to form teams of 3-4 members, with each team representing a single university. The Hult Prize is open to students who are enrolled in any higher education level, including undergraduate, graduate, or PhD programs, and participants must be able to provide acceptable student status confirmation documents. The competition has attracted a large number of participants from around the world, with more than 250,000 students from over 100 countries taking part in 2018.
| Characteristics | Values |
|---|---|
| Competition type | Social entrepreneurship competition |
| Participants | University students |
| Team size | 2-4 members |
| Registration | Students must register for participation in local events or online rounds |
| Requirements | Participants must be enrolled as full-time or part-time students in any higher education level |
| Age limit | 18 years or older |
| Documentation | Participants must provide acceptable student status confirmation |
| Team representation | Each team represents a single university |
| Business concepts | Teams can present business concepts and ventures at any stage of development |
| Prizes | Up to $1,000,000 in funding for the winning team |
Explore related products
$21.14 $31.95
![Klute (The Criterion Collection) [Blu-ray]](https://m.media-amazon.com/images/I/71Zulxh7A7L._AC_UY218_.jpg)
![Yojimbo / Sanjuro: Two Samurai Films by Akira Kurosawa (The Criterion Collection) [4K UHD]](https://m.media-amazon.com/images/I/81+zO8MVNrL._AC_UY218_.jpg)
What You'll Learn
Who can enter?
The Hult Prize is a worldwide student competition that challenges university teams to solve the most pressing global issues with viable business ideas. It is the world's largest student social entrepreneurship competition, and it is open to students from any college or university in the world. To enter, students must form teams of 3-4 members and compete in local competitions or apply online. Alumni and faculty are not allowed to be official team members.
To be considered a student, an individual must be enrolled as a full-time or part-time student in any higher education level, including undergraduate, graduate, or PhD/DPhil degree programs, and be aged 18 years or older. Participants must be able to provide acceptable student status confirmation documents. Each team will represent a single university, and participants in a team may be enrolled at different universities, but they must select one university to represent.
The Hult Prize On Campus events are open to all students from the organizing university, including undergraduate, graduate, and PhD programs. These events are held on over two thousand college campuses on five continents and are made up of students, university administrators, professors, and alumni who participate as mentors, speakers, and sponsors for events, workshops, and startup competitions organized under the Hult Prize Banner.
The Hult Prize is a key milestone for any aspiring social entrepreneur, and it seeks to solve the world's biggest challenges through social entrepreneurship. It is a global learning platform that enables the new generation to deliver social change through education and entrepreneurship, with a focus on impact and youth empowerment.
Trump University: Thousands of Students Enrolled
You may want to see also
Explore related products
![Missing (The Criterion Collection) [DVD]](https://m.media-amazon.com/images/I/41DMRTzTVJL._AC_UY218_.jpg)
![Fighting Elegy (The Criterion Collection) [DVD]](https://m.media-amazon.com/images/I/416zZDAlfWL._AC_UY218_.jpg)
How to enter
The Hult Prize is a global student competition that challenges university teams to solve global issues with viable business ideas. It is open to teams of a minimum of two and a maximum of four university students. Teams can enter the competition by registering for participation in local events or by participating in online rounds. Local events are organized independently of Hult Prize by volunteers or third parties, including university partners or entrepreneurship centres. If a local event is available within a team's university, region, or country, the team must register and compete through that event.
To be considered a student, you must be enrolled as a full-time or part-time student in any higher education level, including undergraduate, graduate, or PhD/DPhil degree programs, and be aged 18 or older. Students from any college or university in the world are invited to form teams. Alumni and faculty are not allowed to be official team members.
The Hult Prize On Campus events are open to all students from the organizing university, including undergraduate, graduate, and PhD programs. Teams that do not win a Hult Prize On Campus event can still apply to participate in one of the 25+ Regional Summits through the general Hult Prize application window.
Many major business schools run internal competitions to pre-qualify teams, which they then send into the competition. The Hult Prize has been called the "Nobel Prize for Students" and is considered a key milestone for aspiring social entrepreneurs.
Honors College at USC: How Many Students?
You may want to see also
Explore related products
Competition format
The Hult Prize is an annual competition that challenges university teams to solve some of the world's most pressing social issues with viable business ideas. It is the world's largest student social entrepreneurship competition, run in partnership with the United Nations. Finalists pitch their ideas to a panel of esteemed judges, global business leaders, thought leaders, and changemakers. The winning team receives US$1 million in seed capital to launch their social enterprise.
The competition typically begins with internal competitions at various universities, which then send their winning teams to compete in one of the five regional rounds held at Hult campuses around the globe. The winning team from each region continues to the Global Finals, which is hosted annually at the United Nations.
The Hult Prize was first launched in 2010 as the Hult Global Case Challenge, with participants seeking ways to support and scale the impact of One Laptop Per Child's mission to provide affordable laptops to children in developing countries. In 2011, the competition expanded to include regional rounds and focused on the topic of clean water, challenging participants to improve access to clean water and sanitation for the billions of people worldwide who lack it.
Over the years, the Hult Prize has addressed a range of pressing social issues, including global energy poverty, food security, healthcare, and education. The 2022 Hult Prize challenged students to rethink how to get the world back to work, with the winning team, EcoBana from St. Paul's University in Limuru, Kenya, presenting a solution to end period poverty by manufacturing biodegradable sanitary pads.
The 2024 Hult Prize Challenge, unveiled by former US President Bill Clinton, has a groundbreaking twist: the topic is UNLIMITED, leaving teams with no specific theme to address.
Stirling University's Student Population: A Comprehensive Overview
You may want to see also
Explore related products
Previous winners
The Hult Prize is an annual competition for university students, challenging them to develop innovative solutions to pressing social issues. The competition has a strong focus on social entrepreneurship, encouraging students to create sustainable and scalable social enterprises to address global challenges.
2023: Banofi Leather, the winner of the 2023 Hult Prize, stood out for its innovative approach to sustainability. They convert banana crop waste into plant-based, vegan, and cruelty-free leather, offering an eco-friendly alternative to conventional leather products.
2022: EcoBana from St. Paul's University in Limuru, Kenya, was awarded the Hult Prize for their work in addressing period poverty. They aim to end the use of plastic in sanitary pads, instead manufacturing biodegradable pads to improve access to sanitary products for women in need.
2021: Seven teams were selected as winners in 2021, each presenting unique solutions to fix broken food systems. These teams addressed alternative dairy options, eco-friendly paper products from food waste, mushroom cultivation for women's empowerment, modern foods from invasive species, combatting food waste, sustainable farming practices, and biodegradable alternatives to single-use plastics.
2020: Eleven teams were chosen as winners in 2020, a diverse range of social enterprises tackling various issues. These included inclusive tourism, a social impact rice brand fighting hunger, a carpooling platform for women and children, a country-specific online ticketing platform, reinvesting coffee profits into communities, diagnosing non-communicable diseases, sustainable insect agriculture, and distributing solar lights to African communities.
2019: A team of Mexican entrepreneurs from Tec de Monterrey won the Hult Prize with their project Rutopía, addressing global youth unemployment.
2018: Team SunRice from University College London claimed victory with their innovative approach to energy disruptions, aiming to enhance the lives of millions.
2014-2013: The Indian School of Business (ISB) alumni group won the Hult Prize for their solution to healthcare challenges, particularly non-communicable diseases in urban slums. The 2013 Hult Prize was awarded to Aspire Food from McGill University, who proposed processing edible insects to address the global food crisis and provide sustainable protein sources for slum communities.
2012: The competition focused on global energy poverty, and the winning team from New York University Abu Dhabi addressed the issue of kerosene lamps in Africa. They provided a solution for solar lighting, partnering with NGO SolarAid to implement their idea.
2011: Cambridge University's team, led by Akanksha Hazari, won the Hult Prize for their proposal, m.Paani. They aimed to provide safe water, education, healthcare, energy, nutrition, and mobility to rural Indian communities, partnering with Water.org to make a significant impact.
Black Universities: Inclusive or Exclusive?
You may want to see also
Explore related products
Prizes
The Hult Prize is a global student competition that challenges university teams to solve some of the world's most pressing issues with viable business ideas. It is the largest student social entrepreneurship competition in the world, and it is run in partnership with the United Nations. The Hult Prize is open to students from any college or university in the world, and participants must form teams of 3 to 4 members. Teams must represent a single university, and participants in a team may be enrolled at different universities.
The competition is operated by the Hult Prize Foundation, which provides a prize of up to $1 million in funding to the winning team. The foundation has brought impact-focused programs, events, and training to over a million students globally. The competition has been called the "Nobel Prize for Students" and was featured in a TIME Magazine cover story as one of the "Top 5 Ideas Changing the World."
To enter the competition, teams may register for participation in local events or participate in online rounds administered by Hult Prize. Local events are organized and conducted independently of Hult Prize, and teams are required to register and compete through a local event if one is available in their university, region, or country. Winners of local competitions and top startups from the online application process will then compete in national events or participate in an equivalent online selection process.
The best startups will travel to the Hult Prize Global Accelerator, an immersive program designed to accelerate business growth by helping teams refine their business strategy, expand their networks, and scale their impact globally. At the Global Finals, six teams pitch their social ventures to a panel of distinguished judges, with the hopes of winning the $1 million Hult Prize. Past judges include former US President Bill Clinton, former Australian Prime Minister Julia Gillard, and Nobel Peace Prize Winner Muhammad Yunus.
Diversity at University of Tennessee: Student Body Makeup
You may want to see also
Frequently asked questions
Yes, the Hult Prize is a competition for university students. However, it is open to students from any college or university in the world.
To be eligible, participants must be enrolled as full-time or part-time students in any higher education level, including undergraduate, graduate, or PhD/DPhil degree programs. They must also be aged 18 years or older. Alumni and faculty are not allowed to be official team members.
Teams can enter the competition by registering for local events organized by volunteers or independent third parties, or by participating in online rounds administered by Hult Prize. Local events may include university partners or entrepreneurship centers.
The Hult Prize is a worldwide student competition that challenges university teams to address pressing global issues with viable business ideas. It is the largest student social entrepreneurship competition, run in partnership with the United Nations. Finalists pitch their ideas to a panel of distinguished judges, including global business leaders and thought leaders, for a chance to win USD 1 million in funding.
