December 9, Kirtipur: Team “SRASTHA” wins the Hult Prize at TU, SOM 2019 and has advanced to the “Regionals Event” which will be happening at 26 different cities all over the world. Team “Gras Ruts” was the first runner-up and team “Doing traditional way, creating employment” secured the second runner-up position. A total of 32 teams showcased their innovative solutions to tackle United Nations “For Us By Us: The Global Youth Unemployment” Challenge which was assessed by a panel of 16 jury members from different sectors and expertise. The panel of Judges found the idea of Team “SRASTHA” to be the most innovative and compelling one.
The second edition of the “on-campus event" of Hult Prize was organized by the School of Management (SOM), Tribhuvan University at its own premises on December 9, 2018. Student entrepreneurs were asked to create viable start-up centered on the theme of the Hult. The event is the quarterfinal round of the Hult Prize 2019 and the winners get a direct qualification to the Regionals. The Hult Prize is a start-up accelerator for social entrepreneurship that brings together the brightest college and university students from around the globe to solve the world’s problem.
The captain of winning team “SRASTHA” said that the team planned to prepare an online business called YATRI where the tourists can choose their own travel companion to travel short places. The travel companions are students who will be enlisted in the online platform through the different selection process.
Dipesh Bhattarai, Campus Director of Hult Prize at Tribhuvan University, School of Management 2019 said that “We are here to share knowledge, create value and network with one another. Regardless of the competition, we are all winners." Each of you inspires us in hundreds of ways. We encourage you to continue your entrepreneurial dream and we are here to help you,” he added.
Dipesh Bhattarai, who was himself a participant of the same competition last year shared his learning, experiences and the opportunities that it provided to him.
The program was chaired by Prof. Mahananda Chalise, Director, School of Management, Tribhuvan University, and Prof. Dhurba Kumar Gautam, Acting Dean, Faculty of Management was the chief guest of the event. Prof. Dinesh Mani Ghimire, Deputy Dean, Faculty of Management was the special guest and added charm to the event.
The Regional Competition of Hult Prize 2018/19 will be held on March 2019 in 26 different cities around the globe. The final will be held in September 2019, where the winner of Hult Prize 2019 will receive $1 million fund as a seed capital to implement their social entrepreneurship idea as well as mentorship and advice from the international business community.
The event ended in joy as participants joined for group photographs and socialization followed by dinner.
More about the Hult Prize:
The aim of the Hult Prize is to launch a start-up enterprise that can radically change the world and breed the next generation of social entrepreneurs. In partnership with the United Nations, the Hult Prize is hosting college and university events around the world in search of the next game-changing start-up. It is a global movement of student leaders that have an objective of inspiring youth to change the world through business. Student teams compete around the world for a chance to secure US $ 1 Million start-up funding to launch a sustainable social venture.
In the words of President Clinton, “The Hult Prize is a wonderful example of the creative cooperation needed to build a world with shared opportunity, shared responsibility, and shared prosperity, and each year look forward to seeing the many outstanding ideas the competition produces.”