Yaba College of Technology Advances to Regional Finals of 9th Annual Hult Prize in response to the United Nations, “develop an idea to provide meaningful employment for 10,000 youth in the next decade”.
The Hult Prize has recently announced the winning team from Yaba College of Technology that has advanced to the 9th annual regional finals of the competition. The Hult Prize is a crowd sourcing platform for social good, named one of the top five ideas changing the world by TIME magazine. The innovative crowd sourcing platform identifies and launches disruptive and catalytic social ventures that aim to solve the planet’s most pressing challenges. This year, the Hult is focused around finding solutions for millions of young people around the world affected by "providing meaningful employment for 10,000 youth in the next decade”.
The winning team members from Yaba College of Technology include; Ajasa Solomon, Ajayi Michael, and Oseni Kamaldeen on 28th November, 2018 proffered a solution to this year’s challenge, develop an idea to provide meaningful employment for 10,000 youth in the next decade. Their solution is creating employment through the production, and sales of Biodiesel.
The team will now move on to compete at the Abuja regional final, one of the 25 regional finals locations in March 2019, which are being hosted in 25 cities around the world.
”Improving the world is not about who you are, but the depth of your thought, coupled with your courage to establish your thought” – Abdulmu’min Edidi.
Ahmad Ashkar CEO and Founder of Hult Prize attributes’ the success of the competition to the global youth revolution. He said, “We continue to be moved by the large number of students from around the world, who are capitalizing on the opportunity to develop business models that target those who are in most need. We wish every team the best of luck and thank Yaba College of Technology for supporting this initiative”.
Following the regionals, one winning team from each host city will advance to an intensive 8-week summer business incubator, where they would receive mentorship, advisory and strategic planning as they create prototypes and set up to launch their new social business. The final round of the competition would take place in September, where a jury panel will select the annual Hult Prize winner, and present USD 1 million to the winning team.
“The Hult Prize is a wonderful example of the creative cooperation needed to build with shared opportunity, shared responsibility, and shared prosperity, and each year I look forward to seeing the many outstanding ideas the competition produces” – President Bill Clinton, 42nd President of the United States.
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.hultprize.org