World’s Largest Student Competition Comes to University of Ghana as Students Tackle President Clinton’s Crowded Urban Slums Challenge. Local campus event calling entrepreneurs to create viable start-ups and compete for $1 million in start-up funding.
The Hult Prize is the world’s largest student competition and start-up platform for social good. In partnership with President Bill Clinton and the Clinton Global Initiative, this innovative crowdsourcing platform catalyzes students (undergrads, graduates and PhD students) to create and launch disruptive and catalytic social ventures that aim to solve the planet’s most pressing challenges. Student teams compete around the world for a chance to secure US$ 1 million in start-up funding to launch a sustainable social enterprise.
The 2016 Hult Prize will focus on Crowded Urban Slums– a challenge personally selected by President Bill Clinton. Ahmad Ashkar, CEO and Founder of the Hult Prize, attributes the success of the competition to the shift in the global economy and the millennial generation’s refusal to live in a world with inequality. “We are giving entrepreneurs from around the world a platform to innovate and revolutionize the way we think about servicing the poor,” Ashkar commented.
The Hult Prize program allows more students to compete around the world, leading to more ideas and ultimately more start-ups, each on a pathway headed towards radical impact. Two years ago, a Hult Prize winner went on to become the 2014 Hult Prize recipient, and in 2015, five out of the six regional finalist teams were from Hult Prize campuses.
The winning team from the Hult Prize at University of Ghana event will be fast-tracked to compete at one of the five Hult Prize regional finals events around the world: San Francisco, Boston, London, Dubai, and Shanghai. Following the regional finals, one winning team from each host city will move into a summer business accelerator, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business. A final round of competition will be hosted by the Clinton Global Initiative at its annual meeting in September, where CGI delegates will select a winning team that will be awarded the US$ 1,000,000 Prize by President Bill Clinton himself.
In the words of President Clinton, “The Hult Prize is a wonderful example of the creative
cooperation needed to build a world with shared opportunity, shared responsibility, and
shared prosperity, and each year I look forward to seeing the many outstanding ideas the competition produces.”
Participation is easy;
GET STARTED IN 3 EASY STEPS
1. Form a team of 3 to 4 from your college or university (interdisciplinary teams are encouraged with the liberty of one alumni).
2. Download the case study and challenge question from www.hultprizeat.com/ghana
3. Register to compete at www.hultprizeat.com/ghana
About the Hult Prize Foundation
The Hult Prize is a start-up accelerator for social entrepreneurship, which brings together
the brightest college and university students from around the globe to solve the world’s
most pressing issues. The annual initiative is the world’s largest student competition and
crowd-sourcing platform for social good, and has been funded by the Hult family since its inception in 2009. To learn more, visit www.hultprize.org or call +233544068611.
About The Clinton Global Initiative
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of the Bill, Hillary & Chelsea Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date, CGI members have made more than 2,500 commitments, which are already improving the lives of more than 430 million people in over 180 countries. When fully funded and implemented, these commitments will be valued at $87.9 billion.