Hult Prize at Kathmandu University causes stir among the students

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Kathmandu, November 8, 2017: The students of Kathmandu University are all geared up to participate in the Hult Prize competition that is going to be held in December this year.

Also, popularly called ‘Nobel Prize for Change’, Hult Prize at KU has been an efficient opportunity provider to all the students of the University who have the hunger in themselves to bring a change in the society through their entrepreneurial and innovative skills.

The theme of this year as selected by former US President Bill Clinton is ‘Harnessing the Power of Energy to transform the lives of 10 million people’.

Interested participants are required to form a team of 3 to 4 people and develop a business concept revolving around the theme. They will be competing along with other the students of Kathmandu University itself in the quarterfinals to be held in the month of December and the best team among these will be provided with the full-fledged support of Ideas Studio to work on in their idea for 3 months. The winning team in this round would then be representing Kathmandu University and Nepal in one of the fifteen regional finals: Boston, San Francisco, London, Shanghai, Dubai, Singapore, Toronto, Mexico City, Quito, Bogota, Melbourne, Lagos, Nairobi, Cairo, Tunisia and Kuala Lumpur. The winning team from the regional finals would then be heading towards New York to pitch their idea and if able to surpass the other competing ideas, the team would be provided with a seed funding of USD 1 million to open a social enterprise.

Awarded as one of the top seven events around the world of 2016, Hult Prize at KU has efficiently managed to create a buzz among the students who aspire to become great social leaders in the future. Kushal Bhatta, the events and operation co-coordinator for the competition proudly mentioned that “Events like this give the students a chance to showcase their entrepreneurial skills in front of the world and learn how ideas are transformed from minds to papers.”

Time and again, Kathmandu University has been promising the students of providing them varied opportunities outside of the course curriculum and by organizing international level events like these, KU seems to be fulfilling its promise.

(The cover photograph shows mentorship session for the competition held last year.

Courtesy: Hult Prize at KU)

By Mahima Poddar

The writer is a student of BBA at Kathmandu University School of Management (KUSOM).

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