Team Putali from Tribhuvan University (TU) have advanced to the regional finals of the Hult Prize competition to win funding of USD 1Million to build a sustainable and scalable start-up aimed at harnessing the power of energy.
Hult Prize is a partnership between the Clinton Global Initiative (CGI) and Hult International Business School. It is the world’s largest student competition for social good. Each year the Hult foundation selects a theme and calls for a business idea under the selected theme.
The competition was held on December 13 in the premises of School of Management, Tribhuvan University, Kirtipur. The participating teams showcased their innovative solutions to this year’s challenge, Harnessing the power of energy to transform the lives of 10 million people, which was personally chosen by former US president Bill Clinton.
The best team was chosen by a panel of judges consisting of professors, representatives of start-ups, Chartered Accountants and consultants from Alternative Energy Promotion Centre.
The team will now move on to compete at the Hult Prize regional finals in March 2018 being hosted at Melbourne, Australia.
The winning teams from the regional finals will be provided international mentorship and housed in Boston. They will then compete in the global level competition to be held in New York. The winner of Hult Prize 2018 will receive $1 million to implement their social entrepreneurship idea.