Deadline: 23rd December 2020 | Challenging young people to solve the world’s toughest issues by empowering them to make money, do good and make life better for millions of people through the creation of for-good for-profit businesses.
The Hult Prize methodology focuses on launching disruptive social enterprises that are impact centered, profit minded, and market driven.
Transforming food into a vehicle for change
The Hult Prize Foundation transforms how young people envision their own possibilities as leaders of change in the world around them. With a US$1,000,000 global startup prize as its anchor activity, the Hult Prize has brought impact-focused programs, events and trainings to over a million students globally, creating a pathway for youth everywhere to take action to build a better world.
In just over a decade, the foundation has deployed more than $65M into the impact sector which it helped create. Operating on more than 2,000 college and university campuses in 121 countries with a global team of more than 30,000 staff, student volunteers, and changemakers, the Hult Prize continues to be a disruptive global leader in education, soft skills training, and entrepreneurial development for the 21st century.
Each year, a pressing social challenge is selected by President Clinton and becomes the theme for the respective cycle. The 2020 Hult Prize Challenge provides a specific and measurable objective that each participating team is intended to solve through the creation of a sustainable enterprise. In March, selected participants are invited to pitch their start-ups that specifically address the challenges identified in that year’s challenge. A clearly defined framework is also provided to ensure your idea contains the necessary qualities and mandates to be an innovation breakthrough.
Through leveraging human capital, knowledge and the crowd like never before, the Hult Prize has helped launch social enterprises that share the common facets:
- Serve the least fortunate
- Tackle humanity’s greatest challenges
- Pursue revenue and sustainability
- Use existing channels
- Create market efficiency
- Pursue large, untapped markets
- Be environmentally and socially responsible
View the full FAQ here and apply today at the official link below:
Apply before 23rd December, 2020