Hult Prize Announces Regional Winners of US$ 1 Million Poverty Competition
(BOSTON – February 28, 2012)—Hult International Business School today announced the regional winning teams of its 3rd Annual Hult Prize (formally known as Hult Global Case Challenge). Carnegie Mellon University, Hult International Business School, ESADE, Aarhus University, Dartmouth College, UC Davis, NYU Abu Dhabi, Asian Institute of Management, Presidio Graduate School, University of Belgrade and HKUST will move on to the competition’s global final at the New York Public Library in April. The regional competitions took place on February 25th in Boston, San Francisco, London, Dubai and Shanghai. Students teams who were not selected at one of the physical events can still submit their solutions online through the Facebook platform.
The Hult Prize brings together the top college and university students from all over the globe to generate solutions to the world’s most pressing problems. This year, the Hult Prize focuses on alleviating global poverty and student teams are tasked with devising solutions to provide affordable education, affordable energy and affordable housing to millions of people. The regional winners will now advance to the final on April 26th in New York City, where the winning teams are named and the benefactors – One Laptop per Child, SolarAid and Habitat for Humanity – will use the US $1 million prize to pilot the winning ideas.
“We congratulate all winners on their groundbreaking ideas and look forward to a game-changing competition in April,” said Dr. Stephen Hodges, President of Hult. “With millions of people worldwide living in poverty, sustainable solutions that use seed capital to get going, but thereafter are self-funding, are needed to kick-start the development of major change. By reaching beyond the traditional realms of business, we hope to engage the best international talent to develop social enterprise solutions to the world’s most intractable problems.”
The Hult Prize has become one of the world’s top platforms for social change. Students globally recognize it as the largest case competition and non-profit organizations consider it to be a major crowdsourcing platform for social good. Some of the most influential business leaders such as former New York Governor Mario Cuomo; Michael Treschow, Chairman of Unilever; and Mohammad Yunus, Nobel Prize Winner and founder of Grameen Bank will select this year’s winning business plan. President Bill Clinton will serve as this year’s keynote speaker and personally present the awards to the winning teams.
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