You only have to turn on the news to see how urgent climate change is becoming. This month alone, we’ve seen the devastating effects of Hurricane Florence on the U.S. East Coast. This week, leaders from the around the world came together for the Global Goals Week 2018 to review progress and hold governments accountable for solving climate change and the 16 other Sustainable Development Goals.

But how do you empower the next generation of leaders to also take action? How can we creatively involve young people in building a more equal, sustainable future for all? Luckily for us, it already exists—The Hult Prize. 



The Hult Prize: Creating the next generation of changemakers

Deemed “the Nobel Prize for students” the Hult Prize is the world’s largest engine for the launch of sustainable, impact-centered startups. Sponsored by Hult International Business School and run in partnership with the United Nations, the competition challenges university teams from around the world to solve the most pressing global issues with viable business ideas.

“Ten years ago I was a student. And I had an idea,” explains MBA alumnus and Hult Prize Founder Ahmad Ashkar. “Today, I am here and we are the community that shows you how to make the world a better place.”

Creating a new wave of social entrepreneurs and changemakers, Dr. Stephen Hodges, President of Hult, describes this as “higher education with a higher purpose.” This year, the Hult Prize challenge was around harnessing the power of energy to transform the lives of 10 million people. From Brown University to the University of Oxford to the University of Rwanda, over 100,000 students responded to the call. 

42 teams made it into the summer-long Hult Prize Accelerator Program, and an elite group of six final teams were chosen to present at the finals. On September 15th at the UN headquarters in New York, these were the students competing for the grand prize of $1 million of startup capital.

 

The 2018 finalists: #UN6

U–light, American University of Sharjah

Hult Prize UN final U-light profile
Team U-Light aims to provide a simple, affordable, and reliable source of light to 1.2 billion people living off the electricity grid across the world. Their product harnesses kinetic energy to generate electrical energy in a sustainable and cost-effective way.

ImpactRays, International Islamic University of Malaysia

Hult Prize UN Final ImpactRays profile
Team ImpactRays has developed a smart, solar-powered, and automated irrigation system, specifically for the 86 million low-income smallholder farmers in Nigeria. Their zero-energy-cost irrigation system is designed to boost the yield and income of farmers by 10 times.

Noor Medical, Albert-Ludwig University Freiburg

Hult Prize UN final Noor Medical profile
Over 1.5 billion people in the world lack access to safe medical clinics. Noor Medical’s mission is to increase humanity’s access to equitable healthcare by providing devices to sterilize medical instruments, with the capability to work in rural and off-grid locations.

Phyta, University of North Carolina at Chapel Hill

Hult Prize UN final Phyta profile
Climate change presents a growing threat to the world’s already strained agricultural systems and food stocks. Team Phyta aims to address this issue by offering an alternative food production and marine conservation strategy through seaweed cultivation.

SunRice, University College London

Hult Prize UN final Sun Rice profile
Hundreds of millions of tons of rice are wasted each year. Team SunRice aims to reduce rice wastage and empower rice farmers in South East Asia by improving harvesting practices and making rice drying technology more accessible.

Empower Energy, University of Oxford

Hult Prize UN Final Empower profile
Empower Energy provides access to clean energy in the most underserved communities in India through “Solar ATMs.” These solar charging stations are run by local entrepreneurs and offer access to reliable energy sources without any upfront costs.

 

And the winner is…

As the teams gathered to deliver their final presentations at the UN, the pressure was on.  It was a mix of intense emotions backstage. For these six teams, a year of dedication now boiled down to a six-minute pitch.

ImpactRays team member Shitab Akash says this is has been a grueling but transformational experience. “All of us have our own story, and you wouldn’t believe what we’ve been through to get here,” he explains.

“These past two months alone, we’ve invested over 700 hours preparing for this very moment. Challenging from day one, this entire experience has broken and built us. Stepping back, I can see how much we’ve all changed. I’ve become closer to everyone around me and the way I view the world has changed forever.”

 

“The way I view the world has changed forever.”

Shitab Akash, Team ImpactRays 

One by one, the teams were welcomed to the stage to present to an expert lineup of judges, which featured a mix of UN officials, entrepreneurs, and corporate executives including Verizon CEO, Hans Vestberg, Arianna Huffington, and Earth Day President, Kathleen Rogers.

After a tough deliberation, Former U.S. President Bill Clinton announced SunRice from UCL as the recipient of the 9th annual Hult Prize.  A ready-to-launch solution with clear practicality was what judge Kandeh Yumkellha, Former UN Under-Secretary-General, says gave them their “winning edge.”

Sun Rice Hult Prize 2018 Winner
SunRice accepts the honor of the 9th annual Hult Prize trophy and $1 million prize, announced by Former U.S. President Bill Clinton.

Mr. Clinton went on to congratulate all competing teams and recognize the Hult Prize Foundation for not only investing in SunRice but for being a movement that is influencing a generation, by “making the definition of ‘us’ bigger and ‘them’ smaller.” He also announced the theme for the highly anticipated 10th Anniversary Hult Prize Challenge, which will see to tackle youth unemployment.

We wish SunRice and all the 2018 competing teams the best of luck as they continue to take their ideas forward and positively shape tomorrow’s future. And we look forward to witnessing the impact of next year’s $1 million idea.

 

 


 The world needs you

To learn about how Hult is empowering the next generation of changemakers and to find out where a future-focused business degree could take you, download a brochure.