Hult Alumni Magazine NEW Edition Hult Alumni Magazine 2017 | Page 43

How would you tackle the 2017 Hult Prize challenge ?

Reawakening human potential : Building sustainable , scalable startup enterprises which restore the rights and dignity of ten million refugees by 2022
As we celebrate our most recent winners , we also look ahead to the 2017 Hult Prize challenge : “ Refugees : Reawakening Human Potential .” This year ’ s challenge will focus on restoring the rights and dignity of people and societies who have been or may be forced into motion due to social injustices , politics , economic pressures , climate change , or war . The challenge will also work to restore the rights and dignity of those currently living in informal / illegal settlements . Key highlights associated with 2017 ’ s challenge include :
1 . The Hult Prize Foundation estimates that the total number of global refugees is one billion . This is considerably higher than the UN ’ s estimation which places the number at 60 million .
2 . The refugee cycle has been redefined into four stages : pre-movement , in motion , temporary relocation , and permanent status .
3 . The 2017 challenge outlines very clear areas for disruptive innovation in each stage of the cycle .
4 . Refugees present one of the world ’ s largest untapped economic opportunities .
5 . Reawakening human potential in refugees in motion demands social innovation .
We look forward to the innovative and life-changing business solutions students will propose for this challenge , and we are excited to once again help students change the world .
www . hultprize . org