World’s Largest Student Competition comes to Yaba College of Technology for the 2nd time, as students tackle United Nations “Develop an idea to provide meaningful employment for 10,000 youth in the next decade” challenge.
Hult Prize is calling on student entrepreneurs in teams of 3-4, to create viable start-ups and compete for $1 million in seed capital.
The Hult Prize Foundation recently announced the 2nd edition of Hult Prize @Yaba college of Technology event in September, 2018
To compete please contact The Centre for Entrepreneurship Development (CED), and complete the form https://goo.gl/forms/cQagMqQKcthQCnhq1 for more information and see www.hultprizeat.com/yabatech.
The Hult Prize is the world’s largest student competition and start-up platform for social good. In partnership with former President Bill Clinton, this innovative crowd sourcing platform identifies and launches disruptive and catalytic social ventures that aim to solve the planet’s most pressing challenges. Student teams compete around the world for chance to secure US$ 1million in start-up funding to launch a sustainable social venture.
The 2019 Hult Prize will focus on “developing an idea to provide meaningful employment for 10,000 youth in the next decade”
Ahmed Ashkar CEO, and Founder of Hult prize, attributes the success of the competition to shift in the global economy and the millennial generation’s refusal to live in a world with inequality. “We are giving entrepreneurs from all around the world a platform to innovate and revolutionize the way we think about servicing the disadvantaged” Ashkar commented.
The winning team from the Hult Prize @Yaba college of Technology final event will be fast-tracked at one of the fifteen regional finals events around the world, bypassing the general application which annually receives over 20,000 applicants from more than 1000 colleges and universities in over 150 countries.
The Hult Prize Regional competitions will take place in March 2019 in 15 different locations. Following the regional finals, one winning team from each host city will attend a summer business accelerator, 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 the competition will take place in September, where one team would be selected as the winner and be awarded the US$1,000,000. In the words of President Clinton, “The Hult Prize is a wonderful experience of 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”.
Yabatech was first selected to host Hult Prize in September 2017, with over 200 students participating in the competition. Team Elite inferno consisting of 4 students from Department of Microbiology, won the first edition and were scheduled to represent the College at the regional final in San Francisco, USA.
About the Hult Prize Foundation
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. The annual initiative is the world’s largest student competition and crowd-sourcing platform for social-good, and has been funded by the Hult family since its inception in 2009. To Learn more visit www.hultprizeat.com/yabatech.
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