Kathmandu, October 18, 2018: With the aim of creating a social impact and touching lives of people through social entrepreneurship, Hult Prize is here yet again to develop the young innovative minds of Kathmandu University.
Hult Prize is done in collaboration with Hult International Business School and United Nations. This year marks the 10th year anniversary of Hult Prize and this year’s challenge as declared by Former US President Bill Clinton is to build foundations of venture that will provide meaningful work for 10,000 young people within the next decade.
This year too, Hult Prize at KU anticipates an enthusiastic participation from the students who will come up with innovative ideas to create ventures that will generate increased employment among other youths. Hult Prize at KU has always witnessed a fervent collaboration from students of Kathmandu University whether it be in the form of organizers, participants or volunteers since its inception in 2015.
The event is scheduled to happen on the first week of December and the registration for the same will commence in the last week of October.
Last year, Hult Prize at KU had witnessed the competition between 52 teams who were judged by 12 different experts from different sectors.
Hult Prize at KU will be the quarter final round for the participants to enter into the Global Hult Prize Competition. The winners of Hult Prize at KU will bag an opportunity to represent KU at one of the fifteen regional finals happening in Dubai, San Francisco, Boston, London, Shanghai, Singapore, Toronto, Mexico City, Quito, Bogota, Lagos, Melbourne, Nairobi, Cairo, Tunisia and Kuala Lampur. Before regional finals, winning team will be nurtured and incubated by KUSOM Idea Action for three months.
Until now, Hult Prize has created an impact in the lives of 1 million people across the globe with the launch of 50 ventures by innovative entrepreneurs who developed in the process of competing for Hult Prize. The Hult Prize Foundation has been called the “Nobel Prize for Students” and has been featured in a TIME Magazine Cover Story highlighting the “Top 5 Ideas Changing the World.”
The winning team of Hult Prize at KU 2017/18 So.Po.Co. comprising of Hannah Gurung, Rajesh Paneru and Samip Dhungel, three MBA students from Kathmandu University School of Management represented Nepal in Shanghai Regional Finals. Likewise, Team Shambhav consisting of Binay Mahat, Smarika Nepal and Bobby Thapa, three undergraduate students of BSW also represented Kathmandu University in the Regional Finals in Malaysia.
Ms. Era Kharel, the Campus Director for Hult Prize 2018/19 explained “Global problems are something which are stated in every nook and corner of our textbooks but now it’s time to make a change and this is what Hult Prize will do. It will generate solutions to problems and give a vision to create opportunities out of challenges thus building an optimistic mindset in our youth and giving them the power to transform others’ lives.”
Now that Hult Prize at KU 2018/19 is all set to release, the impact that this international competition will have, will be a fun feast to watch.