{"id":251,"date":"2013-10-07T14:10:00","date_gmt":"2013-10-07T14:10:00","guid":{"rendered":"http:\/\/scqa.hult.edu\/en\/news\/news\/2013\/october\/mbas-winning-way-with-insect-farming\/"},"modified":"2026-05-04T10:08:25","modified_gmt":"2026-05-04T09:08:25","slug":"mbas-winning-way-with-insect-farming-the-financial-times","status":"publish","type":"post","link":"https:\/\/www.hult.edu\/blog\/mbas-winning-way-with-insect-farming-the-financial-times\/","title":{"rendered":"MBAs winning way with insect farming [The Financial Times]"},"content":{"rendered":"<div><em>Written by\u00a0Wai Kwen Chan for The Financial Times.\u00a0<\/em><\/div>\n<p>&nbsp;<\/p>\n<p style=\"margin: 0px; padding: 0px; font-family: arial, helvetica, sans-serif; font-size: 16px; line-height: 18px;\">How do you win a social entrepreneurship competition? What does it take and what gives you the edge? A team of five MBA students from Desautels Faculty of Management,\u00a0McGill\u00a0University, Canada recently won the Hult Prize, the social entrepreneurship contest, and $1m towards their venture to help solve food insecurity in urban slums. It was their MBA knowhow, they say, that helped them hone their problem-solving skills and craft their business plan in a way that drew the attention of the judges.<\/p>\n<p style=\"margin: 0px; padding: 0px; font-family: arial, helvetica, sans-serif; font-size: 16px; line-height: 18px;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"margin: 0px; padding: 0px; font-family: arial, helvetica, sans-serif; font-size: 16px; line-height: 18px;\"><strong>What is the problem?<\/strong><\/p>\n<p style=\"margin: 0px; padding: 0px; font-family: arial, helvetica, sans-serif; font-size: 16px; line-height: 18px;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"margin: 0px; padding: 0px; font-family: arial, helvetica, sans-serif; font-size: 16px; line-height: 18px;\">More than 2bn people worldwide eat insects as a source of calcium, iron and protein but it is difficult to obtain a steady supply because the insects are hand-harvested and seasonal.<\/p>\n<p style=\"margin: 0px; padding: 0px; font-family: arial, helvetica, sans-serif; font-size: 16px; line-height: 18px;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"margin: 0px; padding: 0px; font-family: arial, helvetica, sans-serif; font-size: 16px; line-height: 18px;\"><strong>What was the winning idea?<\/strong><\/p>\n<p style=\"margin: 0px; padding: 0px; font-family: arial, helvetica, sans-serif; font-size: 16px; line-height: 18px;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"margin: 0px; padding: 0px; font-family: arial, helvetica, sans-serif; font-size: 16px; line-height: 18px;\">The team, Aspire Food Group, plan to make so-called micro-livestock more accessible by producing insect growing kits so that people can harvest insects all year round. They will use the prize money to deliver the kits worldwide.<\/p>\n<p style=\"margin: 0px; padding: 0px; font-family: arial, helvetica, sans-serif; font-size: 16px; line-height: 18px;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"margin: 0px; padding: 0px; font-family: arial, helvetica, sans-serif; font-size: 16px; line-height: 18px;\"><strong>How did the business school help?<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><em><br \/>\nContinue reading the <a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/2\/b61b1828-275f-11e3-ae16-00144feab7de.html#axzz2jxYYNSCF\" target=\"_blank\" rel=\"noopener\">article in full here<\/a>.\u00a0<\/em><\/p>\n<p>Hult offers a range of highly skills-focused and employability-driven <a href=\"https:\/\/www.hult.edu\/en\/programs\/\">business school programs<\/a> including a range of MBA options and a comprehensive one year <a href=\"https:\/\/www.hult.edu\/en\/programs\/masters\/international-business\/\">Masters in International Business<\/a>. To find out more, take a look at our blog <a href=\"https:\/\/www.hult.edu\/blog\/7-steps-to-working-out-what-you-want-and-how-to-get-it\/\"><span class=\"item-current item-18469\"><span class=\"bread-current bread-18469\" title=\"7 steps to working out what you want and how to get it\">7 steps to working out what you want and how to get it<\/span><\/span><\/a>. Download a brochure or get in touch today to find out how Hult can help you to learn about the business world, the future, and yourself.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Written by\u00a0Wai Kwen Chan for The Financial Times.\u00a0 &nbsp; How do you win a social entrepreneurship competition? What does it take and what gives you the edge? A team of&#8230;<\/p>\n","protected":false},"author":4,"featured_media":1826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[175],"class_list":["post-251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive","tag-mba"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MBAs winning way with insect farming [The Financial Times] | Hult International Business School<\/title>\n<meta name=\"description\" content=\"How do you win a social entrepreneurship competition? What does it take and what gives you the edge? 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