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Hult Prize
September 01, 2024
We challenge you to create a for-profit social venture, in the fashion/clothing industry. Your idea must create a measurable positive impact on people and the planet and support the United Nations in meeting its SDGs by the 2030 deadline.
Description
The Power of One Idea
In 2009, an enterprising MBA student at Hult International Business School named Ahmad Ashkar had a compelling idea - leverage the crowd to generate startup ideas from young people to sustainably solve the world’s most critical social challenges. Through the help of Hult, he acted on it. Today, the Hult Prize is the world’s foremost platform for the creation and launch of for-good, for-profit startups emerging from university. In nearly a decade, the movement has deployed more than $50M of capital into the sector and mobilized more than one million young people to re-think the future of business as it continues to breed disruptive innovation on college and university campuses across 100 plus countries. The Hult Prize Foundation been called the 'Nobel Prize for Students' and has been featured in a TIME Magazine Cover Story highlighting the 'Top 5 Ideas Changing the World.'
Intersection of purpose and profit
We challenge young people to solve the worlds toughest issues by empowering them to make money, do good and make life better for millions of people through the creation of for good for profit businesses.
Through leveraging human capital, knowledge and the crowd like never before, the Hult Prize has helped launch social enterprises that share the common facets:
- Serve the least fortunate
- Tackle humanity's greatest challenge
- Pursue revenue and sustainability
- Use existing channels
- Create a market efficiency
- Pursue large, untapped markets
Every year, Hult Prize has given USD $1M annually to a startup with a world-changing idea for a social enterprise that addresses a specific topic. We’ve challenged teams to address global issues like clean energy, early childhood education, and sustainable food production. We’ve funded businesses that solve transportation issues in Kenya, develop equitable and
sustainable tourism options in Mexico, and make healthcare more accessible to people in poverty in India.
But this year, for our 15th anniversary, we’re doing something we’ve never done before: making the Hult Prize challenge topic UNLIMITED! That means that you can pitch any idea you have for a social enterprise, as long as it is
world-changing and aligned with at least one of the United Nations Sustainable Development Goals (SDGs). You get to decide what problem you want to solve, as well as the business idea to solve it.
We believe a more equitable, sustainable, and enjoyable future is possible for all of us, and we want you to use business to create the world you want to see.
The world needs the very best ideas, right now. The world needs you.
Get involved today to be part of the change!
In 2009, an enterprising MBA student at Hult International Business School named Ahmad Ashkar had a compelling idea - leverage the crowd to generate startup ideas from young people to sustainably solve the world’s most critical social challenges. Through the help of Hult, he acted on it. Today, the Hult Prize is the world’s foremost platform for the creation and launch of for-good, for-profit startups emerging from university. In nearly a decade, the movement has deployed more than $50M of capital into the sector and mobilized more than one million young people to re-think the future of business as it continues to breed disruptive innovation on college and university campuses across 100 plus countries. The Hult Prize Foundation been called the 'Nobel Prize for Students' and has been featured in a TIME Magazine Cover Story highlighting the 'Top 5 Ideas Changing the World.'
Intersection of purpose and profit
We challenge young people to solve the worlds toughest issues by empowering them to make money, do good and make life better for millions of people through the creation of for good for profit businesses.
Through leveraging human capital, knowledge and the crowd like never before, the Hult Prize has helped launch social enterprises that share the common facets:
- Serve the least fortunate
- Tackle humanity's greatest challenge
- Pursue revenue and sustainability
- Use existing channels
- Create a market efficiency
- Pursue large, untapped markets
Every year, Hult Prize has given USD $1M annually to a startup with a world-changing idea for a social enterprise that addresses a specific topic. We’ve challenged teams to address global issues like clean energy, early childhood education, and sustainable food production. We’ve funded businesses that solve transportation issues in Kenya, develop equitable and
sustainable tourism options in Mexico, and make healthcare more accessible to people in poverty in India.
But this year, for our 15th anniversary, we’re doing something we’ve never done before: making the Hult Prize challenge topic UNLIMITED! That means that you can pitch any idea you have for a social enterprise, as long as it is
world-changing and aligned with at least one of the United Nations Sustainable Development Goals (SDGs). You get to decide what problem you want to solve, as well as the business idea to solve it.
We believe a more equitable, sustainable, and enjoyable future is possible for all of us, and we want you to use business to create the world you want to see.
The world needs the very best ideas, right now. The world needs you.
Get involved today to be part of the change!