Applications is ongoing for the eighth annual Hult Prize student enterprise challenge, this is an avenue to brings various university students throughout the world to connect and build a startup that created solution to problem facing millions in need. Only 300 startup throughout the world will be selected to pitch their startup in Boston, San Francisco, London, Dubai and Shanghai out of the 10,000 applicants that will start the journey altogether.
The Hult Prize student enterprise challenge is a start-up accelerator for upcoming social entrepreneurs emerging from the world’s universities. Referred to by President Bill Clinton and TIME Magazine as one of the top five ideas changing the world, Hult Prize yearly competition major purpose is to develop and launch the most innovative social business ideas—start-up that tackle major issues faced by billions of people. Winners receive USD1 Million in seed capital, mentorship and advice from the international business community.
The 2018 Hult Prize student enterprise Challenge as announced by President Bill Clinton at the United Nations is: “Harnessing the Power of Energy to Transform the Lives of 10 Million People.” Hult Prize are not necessarily seeking the next big breakthrough in energy, but are looking at the applications of different energy innovations and ideas to transform the world.
This year’s Hult Prize student enterprise Challenge is centered on six core areas affected by energy use that may form the basis of 2018 entries. The six dimensions ripe for transformation through energy powered innovation include:
● Connectivity ● Health and the human experience
● Farming, food, and agriculture
● Water collection, storage and transport
- Open to anyone currently enrolled in any college or university in the world (undergraduate, graduate and PhD level).
- Students past or present are invited to form teams of 3-4.
- While only teams may compete, individuals who cannot form a team but are interested in competing should join the Facebook community to find others individuals who are looking to form teams.
- All participants should belong to the same college or university. However, this may consist of a mix of programs and undergraduate, graduate and PhD level.
- You are considered a student if at the time of application submission, you have not yet graduated.
- Alumni and faculty are not allowed to be official team members.
- You will be asked to form a team of 3-4 students from your university and submit an application to participate at any of the regional finals locations held in: Boston, San Francisco, London, Dubai, Shanghai, Toronto, Mexico City, Quito, Bogota, Melbourne, Lagos, Nairobi, Cairo, Tunisia, Kuala Lumpur and Singapore. Alternatively, your university may be hosting a Hult Prize@ on-campus event, in which case you can fast track your team’s participation through competing in your local university edition.
- Regional Finals will be held in March 2018. Approximately 50-60 teams per region, will move on to present their innovative start-up ideas to an executive jury made up of regional CEOs, Non-Profit leaders and Social Entrepreneurs.
- When you apply, you should carefully consider which regional final you would like to attend.
- While we encourage you to pick a region within proximity to where you currently live, you are free to choose any of the five regions. A regional champion will be selected live at the conclusion of each regional final event and that team will move onto spend the summer at the world-class Hult Prize Accelerator – an innovative incubator for the start-ups of the future.
- Following the conclusion of your time working in the Hult Prize Accelerator, you will attend the Hult Impact Forum where the Hult Prize Global Finals will be hosted in September, 2018 in New York, USA. Within the meeting agenda, regional champions will pitch their start-ups in-front of a world-class audience, who along with other notable global leaders will select and award the winning team the Hult Prize, along with USD1 million in start-up capital.
Check through the FAQS about the Challenge before applying.
- Early Priority Deadline: 31st October 2017
- Second Application Deadline: 30th November 2017
- Final Application Deadline 11:59pm EST: 23rd December 2017