Hult Alumni Magazine NEW Edition Hult Alumni Magazine 2017 | Page 38

THE HULT PRIZE

Uncovering the next generation of social entrepreneurs

The Hult Prize is a global student competition that mobilizes the smartest minds to apply their business thinking to solve the world ’ s most pressing issues . The winning team is given USD 1M to bring their idea to life .
The Hult Prize winners changing the world
2010 Education
The inaugural Hult Prize was formerly called the Hult Global Case Challenge . It brought together over 300 of the world ’ s leading MBA , graduate , and undergraduate students in Boston , London , Dubai , and Shanghai to present strategies to One Laptop per Child ( OLPC ), a U . S . non-profit organization . The challenge was to help OLPC achieve its goal of providing educational opportunities for the world ’ s poorest children by developing , producing , and distributing affordable laptops .
2011 Clean water
The Hult Prize teamed up with Matt Damon and water . org to inspire students to tackle the world ’ s clean water crisis . A team from the University of Cambridge , led by Akanksha Hazari , was ultimately crowned the winner . The Cambridge team designed an innovative incentive scheme , where those living at the bottom of the economic pyramid could pool loyalty points from certain telecom partners and use the points to fund clean water and sanitation projects .
2012 Education , housing & energy
Students were challenged to find solutions to real problems faced by three NGOs . The winning teams from Carnegie Mellon , NYU Abu Dhabi , and Hult International Business School were chosen to team up with One Laptop Per Child to enable learning for the world ’ s poorest children ; with Habitat for Humanity to provide housing for impoverished families ; and with SolarAid to support the provision of sustainable energy in Africa .
2013 The global food crisis
An MBA team from McGill University won with their ambitious idea to transform insects into a viable food source for the world ’ s poorest . The team ’ s business plan , based on the global insight that 2.1 billion people worldwide regularly eat insects , empowers urban slum communities by offering them better access to an efficient , sustainable source of protein and nutrients .
2014 Healthcare
Students addressed the pressing problems posed by chronic , non-communicable diseases ( NCDs ). A team from the Indian School of Business won with their revolutionary idea for NanoHealth to improve healthcare in India . Their “ Doc-in-a- Bag ” solution allows medical workers to diagnose and monitor NCDs remotely and upload data to the cloud .
2015 Early childhood development
Students were challenged to devise an enterprise that provided quality early education to ten million children under the age of six by 2020 . A team from Taiwan ’ s National Chengchi University won with IMPCT , a business which builds and supports early education franchises in existing informal day cares run by local women .
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