Bangalore: Indian Institute of Management (IIM) Bangalore will host the local edition of the Hult Prize, a prestigious global student competition on October 30, 2016. The annual Hult Prize awards one million dollars in start-up funding to a team of students that develops the most radical and breakthrough idea to solve one of the world’s toughest social challenges.
In partnership with former US President Bill Clinton and the Clinton Foundation, the Hult Prize is hosting college and university events around the world in search of the next game changing start-up. The Hult Prize Regional Finals are scheduled for March 2017.
Manish Kumar, PGP2 student at IIMB and Campus Director, HULT Prize Organization, in association with the Entrepreneurship & Innovation Cell at IIMB will be leading the Hult Prize at IIM Bangalore initiative, and is confident in his fellow classmates’ chance to go all the way and win this year’s Hult Prize. “At IIMB, our motto is “Tejasvi navadhitamastu” which means, ‘Let our learning be radiant’. As students, we aspire to create deep social impact through socially relevant innovations. This is an opportunity to use our skills to create an impact… the kind of impact that will affect the life of millions people,” Manish said.
The winner of the intra-campus event will advance to compete in one of five regional finals happening across the world in Boston, San Francisco, London, Dubai and Shanghai. One winning team from each host city will then move onto a summer business accelerator program, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business. A final round of competition will be hosted by the Clinton Global Initiative at the Annual Meeting in September, where CGI delegates will select a winning team to be awarded the $1,000,000 prize by the former US President himself.
Bill Clinton, Former President of the USA, announced the 8th Annual Hult Prize Challenge live in New York at the CGI on 20 September 2016. “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 I look forward to seeing the many outstanding ideas the competition produces,” Clinton said.
The theme of the global challenge is Refugees – Reawakening Human Potential and Restoring the Dignity of 10M People by 2022. 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 most pressing issues. For more details on the student social start up contest, interested candidates should visit the website: http://www.hultprizeat.com/iimbangalore
