{"id":16950,"date":"2018-09-27T21:30:29","date_gmt":"2018-09-27T21:30:29","guid":{"rendered":"http:\/\/hnews.hult.edu\/?p=16950"},"modified":"2023-01-09T16:34:03","modified_gmt":"2023-01-09T16:34:03","slug":"2018-hult-prize-un-finals","status":"publish","type":"post","link":"https:\/\/www.hult.edu\/blog\/2018-hult-prize-un-finals\/","title":{"rendered":"2018 Hult Prize UN Finals: The impact of a $1 million idea"},"content":{"rendered":"

You only have to turn on the news to see how urgent climate change is becoming. This month alone, we\u2019ve 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\u00a0Global Goals Week 2018<\/a><\/strong> to review progress and hold governments accountable for solving climate change and the 16 other Sustainable Development Goals<\/strong><\/a>.<\/p>\n

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\u2014The Hult Prize.<\/a> \u2028\u2028<\/strong><\/p>\n

<\/h3>\n

The Hult Prize: Creating the next generation of changemakers<\/h3>\n

Deemed \u201cthe Nobel Prize for students\u201d the Hult Prize is the world\u2019s largest engine for the launch of sustainable, impact-centered startups. Sponsored by Hult International Business School\u00a0<\/strong>and run in partnership with the United Nations<\/strong><\/a>, the competition challenges university teams from around the world to solve the most pressing global issues with viable business ideas.<\/p>\n

“Ten years ago I was a student. And I had an idea,” explains\u00a0<\/strong>the Hult Prize Founder.\u00a0“Today, I am here and we are the community that shows\u00a0you how to make the world a better place.”<\/p>\n

Creating a new wave of social entrepreneurs and changemakers, Dr. Stephen Hodges<\/strong>, 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.\u00a0From Brown University to the University of Oxford to the University of Rwanda, over 100,000 students responded to the call.\u00a0<\/strong><\/p>\n

42 teams made it into the summer-long Hult Prize Accelerator Program<\/a>, <\/strong>and an elite group of\u00a0six final teams were chosen to present at the finals. On\u00a0<\/strong>September 15th at the UN headquarters in New York, these were the students competing for the grand prize of $1 million <\/strong>of startup capital.<\/p>\n

 <\/p>\n

The 2018 finalists: #UN6<\/h3>\n

U\u2013light, American University of Sharjah<\/strong><\/p>\n

\"Hult
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.<\/figcaption><\/figure>\n
\n

ImpactRays, International Islamic University of Malaysia
\n<\/strong><\/p>\n

\"Hult
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.<\/figcaption><\/figure>\n
\n

Noor Medical,\u00a0Albert-Ludwig University Freiburg
\n<\/strong><\/p>\n

\"Hult
Over 1.5 billion people in the world lack access to safe medical clinics. Noor Medical\u2019s mission is to increase humanity\u2019s access to equitable healthcare by providing devices to sterilize medical instruments, with the capability to work in rural and off-grid locations.<\/figcaption><\/figure>\n
\n

Phyta, University of North Carolina at Chapel Hill<\/strong><\/p>\n

\"Hult
Climate change presents a growing threat to the world\u2019s 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.<\/figcaption><\/figure>\n
\n

SunRice, University College London<\/strong><\/p>\n

\"Hult
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.<\/figcaption><\/figure>\n
\n

Empower Energy, University of Oxford<\/strong><\/p>\n

\"Hult
Empower Energy provides access to clean energy in the most underserved communities in India through \u201cSolar ATMs.\u201d These solar charging stations are run by local entrepreneurs and offer access to reliable energy sources without any upfront costs.<\/figcaption><\/figure>\n
\n

<\/h3>\n

 <\/p>\n

And the winner is…<\/h3>\n

As the teams gathered to deliver their final presentations<\/strong> at the UN, the pressure was on.\u00a0 It was a mix of intense emotions backstage. For these six teams, a year of dedication now boiled down to a six-minute pitch.<\/p>\n

ImpactRays team member Shitab Akash<\/strong> says this is has been a grueling but transformational experience. “All of us have our own story, and you wouldn\u2019t believe what we\u2019ve been through to get here,” he explains.<\/p>\n

“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.\u00a0<\/strong>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.”<\/p>\n

 <\/p>\n

“The way I view the world has changed forever.”<\/p>\n

Shitab Akash, Team\u00a0<\/span>ImpactRays\u00a0<\/span><\/p><\/blockquote>\n

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<\/strong>, Arianna Huffington<\/strong>, and Earth Day President, Kathleen Rogers<\/strong>.<\/p>\n

After a tough deliberation, Former U.S. President Bill Clinton<\/strong> announced SunRice from UCL<\/strong> as the recipient of the 9th annual Hult Prize.\u00a0 A ready-to-launch solution with clear practicality was what judge Kandeh Yumkellha<\/strong>, Former UN Under-Secretary-General, says gave them their “winning edge.”<\/p>\n

\"Sun
SunRice accepts the honor of the 9th annual Hult Prize trophy and $1 million prize, announced by Former U.S. President Bill Clinton.<\/figcaption><\/figure>\n

Mr. Clinton went on to congratulate all competing teams and recognize the Hult Prize Foundation<\/strong> 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\u00a010th Anniversary Hult Prize Challenge<\/strong>, which will see to tackle youth unemployment.<\/p>\n

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.<\/strong><\/p>\n

 <\/p>\n

 <\/p>\n

\n

\u00a0The world needs you<\/strong><\/p>\n

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,\u00a0download a brochure.<\/a><\/strong><\/p>\n

Like game changers? Break the mould in the business world with a Masters in Disruptive Innovation from Hult. To learn more, take a look at our blog 5 big reasons why to apply early for your MBA or Masters<\/a>, or explore overall business challenges with a Masters in International Business instead<\/a>. Download a brochure or get in touch today to find out how Hult can help you to find out everything about the business world, the future, and yourself.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

You only have to turn on the news to see how urgent climate change is becoming. This month alone, we\u2019ve seen the devastating effects of Hurricane Florence on the U.S….<\/p>\n","protected":false},"author":67,"featured_media":16991,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[151],"tags":[191,233,242],"yoast_head":"\n2018 Hult Prize UN Finals: The impact of a USD 1 million dollar idea<\/title>\n<meta name=\"description\" content=\"How do you empower the next generation of leaders to take action? How can we creatively involve young people in building a more equal, sustainable future for all? 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