The Hult Prize is a start-up accelerator for social entrepreneurship. In partnership with the Clinton Global Initiative we have created the world's largest student movement for social good.
In 2009, an enterprising Hult student had a compelling idea and acted on it. Today, the Hult Prize has become the world’s most acclaimed business school event. The Hult Prize is a start-up accelerator for social good and dedicated to launching the next wave of social entrepreneurs through identifying, advising, funding and launching revolutionary social businesses.
Join the Hult Prize
Open to universities, colleges, and students from around the world, the annual Hult Prize opens doors for your idea to become the next biggest is social entrepreneurship. Each year, a critical social challenge is selected, and student teams from around the world are charged with developing innovative social enterprises that aim to eliminate the social issue.
Founded by a Hult alumni, funded by the Hult family and in partnership with former U.S. president Bill Clinton, teams of students from all over world to compete to win USD1 million of investment in their idea that will change the world for the better. The Hult Prize is anything but an academic exercise. We actively encourage your participation as a student at Hult.
Start-up accelerator for social good
Responding to a challenge made by President Clinton, and building on the success of previous Hult competitions, the Hult Prize (previously called Hult Global Case Challenge) is committed to launching new waves of social entrepreneurs. The Hult Prize has become the program for budding social entrepreneurs, recently named one of the top five ideas changing the world by former US President Bill Clinton and TIME magazine.
In partnership with President Clinton and the Clinton Global Initiative, the Hult Prize has created the world’s largest student movement for social impact and the world’s largest crowdsourcing platform, dedicated to solving the most pressing social challenges on the planet.
Funded by Swedish Billionaire, Bertil Hult and supported by the Hult International Business School, the Hult Prize is THE program for budding social entrepreneurs. Each year, more than ten thousand college and university students from around the world apply to pitch their ideas at one of six regional events that take place in Boston, San Francisco, London, Dubai, Shanghai and online.
Up for grabs was an opportunity to spend the summer in the Hult Accelerator - a world class center for innovation located in Boston.
Following the conclusion of their time working in the Hult Accelerator, each of the six winning teams then pitch their start-ups at the annual Clinton Global Initiative meeting, where President Clinton, along with CGI Meeting attendees select and award the winning team with a USD1 million prize.
The official challenge of the 2013 Hult Prize was on the Global Food Crisis. It was personally selected by Former US President Bill Clinton. At the 2012 Clinton Global Initiative (CGI) Annual Meeting, President Clinton called to action university students around the world to develop social enterprises to eradicate one of modern day’s most critical yet solvable issues. He encouraged students to explore innovative solutions to the problem through a variety of lenses: distribution, manufacturing, production, technology.
The winning team for the 2013 Hult Prize challenge is Aspire from McGill University.
Here is an overview of the winning solution in their own words:
"Apsire learned through research during the summer that food insecurity is not an issue of lack of food. The vast majority in urban slums do not go hungry. But they lack access to affordable nutrition. Many suffer from malnourishment and nutrient deficiencies despite being overweight or obese. Therefore, the problem of food security in urban slums is not one of food being expensive per se, but of nutritious food being unavailable or overpriced compared to cheaper, less nutritious offerings. Our disruptive social enterprise, Aspire, aims to improve access to edible insects worldwide. We develop and distribute affordable and sustainable insect farming technologies for countries with established histories of entomophagy, or insect-consumption. Our farming solutions stabilize the supply of edible insects year-round, drastically improving and expanding the economic ecosystem surrounding insect consumption in the regions serviced. Not only do our durable farming units create income stability for rural farmers, they have a wider social impact by lowering the price of edible insects. This is central to our mission of increasing access to highly nutritious edible insects amongst the poorest, and therefore neediest, members of society."