With the strong belief that business has the power and the responsibility to change lives for the better. The Hult Prize is a worldwide student competition that challenges university teams to solve the most pressing global issues with viable business ideas. It is the world’s largest social impact competition and is run in partnership with the United Nations, student teams come together to compete to solve a pressing social issue by developing a scalable, sustainable social enterprise.
The goal of the Hult Prize is to encourage young people to go and start a business that does good to humanity while simultaneously generating a profit and this goal is achieved as follows:
- By inspiring youths to be the agents of change
- By educating the youth and giving them a platform
- By scaling an idea with funding and network
The Hult Prize Foundation is a start-up accelerator for promising young social entrepreneurs from colleges all around the world. The annual Hult Prize competition seeks to develop and launch the most appealing social business ideas-start-up firm that addresses serious challenges confronting billions of people on a daily basis. The winning team will get a one-million-dollar seed investment, as well as mentorship and guidance from the worldwide business community. The Hult Prize seeks to nurture the next generation of social entrepreneurs and, eventually, to build a start-up social company capable of fundamentally changing the world.
As the information is put on the table, you might be wondering how do I participate? Am I right?
Well, that’s where the on campus program comes in.
WHAT DOES A HULT PRIZE ON CAMPUS PROGRAM CONSIST OF?
An event consists of three main criteria:
- Teams pitch their start-up solution to the challenges outlined in the case document
- Judges watch and score each of the pitches and engage in Q&A
- Selection of a winner based on the criteria provided
The On Campus Program is at CIST College as Hult Prize at CIST College, Pokhara University. As of 03/09/2020 , the Organizing Committee has been formed at CIST (Central Institute of Science and Technology) under the direction of Anuska KC, Campus Director and Deepa Ghimire, Deputy Campus Director with a total of twenty young and aspiring changemakers and a team of 3 advisors. They are one of the youngest Organizing Committees at Pokhara University but proved to be one of the most active committees so far. With various programs conducted with national and international speakers, they show no sign of stopping. They plan on attracting as many participants for the competition as possible. And if you are a student at CIST and have a business idea that can prove to bring positive impact , this might just be your opportunity. Make a team of 3-4 friends and work on a business idea that is within the theme of the 2020 Hult prize, Food for Good. For more info contact the organizing committee at CIST or visit hultprize.org.