Hult Magazine Issue 9 | Page 17

O T H E R S C H O O L U P D AT E S 2015 Hult Prize challenge: Early Childhood Education in the Urban Slum • Almost 70 million children across the world are prevented from going to  school each day—53% are girls. The internal competitions for the 2015 Hult Prize, an intiative founded by Hult 2010 alumnus Ahmad Ashkar, kicked off in December, and this year’s challenge will be Early Childhood Education in the Urban Slum, as selected by former U.S. President Bill Clinton at last year’s Clinton Global Initiative (CGI) Annual Meeting, in New York City. The challenge specifically asks teams to build sustainable and accessible social enterprises to address the early childhood education gap in kids aged zero to six years old. Key highlights associated with this year’s education challenge: • Less than one percent of what the world spends every year on  weapons is needed to put every child into school. Former U.S. President Bill Clinton Ahmad Askhar, CEO & Founder of Hult Prize • By the age of three, there is a 30 million-word gap between children  from the wealthiest and poorest families. • One of the most significant economic impacts of attending an early  childhood program is the long-term reduction of crime costs. • Global achievement gaps of five- and six-year-olds can be eliminated  through an intensive two-year early childhood program, targeted at one- to three-year-olds. • The U.S. lags behind almost every other country when it comes to  preschool, including Mexico, Chile, and Russia. • 112 million children from age zero to six live in slums and do not get a  proper education. The Hult Prize initiative is the world’s largest crowdsourcing platform for social good, and the winner receives USD 1 million in seed capital to realize their social enterprise. For more information on the 2015 challenge, and the timeline, visit: hultprize.org Previous Hult Prize winners cheer their success hult.edu | 17