Deadline: 30 November 2019
Nominations are now open for 2020 Hult Prize to transform how young people envision their own possibilities as leaders of change in the world around them.
The Hult Prize is one of the world’s most acclaimed entrepreneurship programs operating on more than 1500 university campuses in 121 countries and has become a benchmark startup challenge for social entrepreneurship.
The top 50 companies from around the world advance here, a step before the UN Finals. From there, six companies are selected to pitch at the United Nations for USD1,000,000.
In 2020, the Hult Prize challenges teams globally to build bold businesses that (1) have a positive net impact on the environment with every sale completed, dollar earned, and decision made and (2) reach no fewer than a million consumers within a decade.
There is funding and mentorship throughout. There are two ways to become part of the top 50:
- Win a Regional Summit Final
- Win a Wildcard Round.
The 2020 Hult Prize Challenge Topic
The 2020 Hult Prize Challenge as announced by President Bill Clinton at the United Nations is: “Building Startups That Have A Positive Impact On Our Planet with Every Dollar Earned”.
Benefits
- Students will be responsible for any travel costs associated with competing in the Hult Prize. Fundraising and university support is common.
Purpose and Profit
Hult Prize challenge 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.
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
Eligibility Criteria
- Students from any college or university in the world are invited to form teams of 3-4.
- Applicants are considered a student if at the time of application submission, applicants have not yet graduated.
- Alumni and faculty are not allowed to be official team members.
How to Apply
Nominees can apply online via given website.
For more information, please visit http://www.hultprize.org/challenge/