Hult Alumni Magazine NEW Edition Hult Alumni Magazine 2017 | Page 38

THE HULT PRIZE

Uncovering the next generation of social entrepreneurs

The Hult Prize is a global student competition that mobilizes the smartest minds to apply their business thinking to solve the world’ s most pressing issues. The winning team is given USD 1M to bring their idea to life.
The Hult Prize winners changing the world
2010 Education
The inaugural Hult Prize was formerly called the Hult Global Case Challenge. It brought together over 300 of the world’ s leading MBA, graduate, and undergraduate students in Boston, London, Dubai, and Shanghai to present strategies to One Laptop per Child( OLPC), a U. S. non-profit organization. The challenge was to help OLPC achieve its goal of providing educational opportunities for the world’ s poorest children by developing, producing, and distributing affordable laptops.
2011 Clean water
The Hult Prize teamed up with Matt Damon and water. org to inspire students to tackle the world’ s clean water crisis. A team from the University of Cambridge, led by Akanksha Hazari, was ultimately crowned the winner. The Cambridge team designed an innovative incentive scheme, where those living at the bottom of the economic pyramid could pool loyalty points from certain telecom partners and use the points to fund clean water and sanitation projects.
2012 Education, housing & energy
Students were challenged to find solutions to real problems faced by three NGOs. The winning teams from Carnegie Mellon, NYU Abu Dhabi, and Hult International Business School were chosen to team up with One Laptop Per Child to enable learning for the world’ s poorest children; with Habitat for Humanity to provide housing for impoverished families; and with SolarAid to support the provision of sustainable energy in Africa.
2013 The global food crisis
An MBA team from McGill University won with their ambitious idea to transform insects into a viable food source for the world’ s poorest. The team’ s business plan, based on the global insight that 2.1 billion people worldwide regularly eat insects, empowers urban slum communities by offering them better access to an efficient, sustainable source of protein and nutrients.
2014 Healthcare
Students addressed the pressing problems posed by chronic, non-communicable diseases( NCDs). A team from the Indian School of Business won with their revolutionary idea for NanoHealth to improve healthcare in India. Their“ Doc-in-a- Bag” solution allows medical workers to diagnose and monitor NCDs remotely and upload data to the cloud.
2015 Early childhood development
Students were challenged to devise an enterprise that provided quality early education to ten million children under the age of six by 2020. A team from Taiwan’ s National Chengchi University won with IMPCT, a business which builds and supports early education franchises in existing informal day cares run by local women.
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