Kathmandu University is set to organize Hult Prize, a social entrepreneurship competition on the theme ‘Refugees: Reawakening human potential’ this December 15 at the University premises, Dhulikhel. The competition seeks to promote young social entrepreneurs where different schools and colleges of Kathmandu University will compete to represent Kathmandu University and participate in Hult Prize Regional finals which will be held in one of these places: London, Boston, San Francisco, Shanghai or Dubai.
Students from all the KU affiliate colleges can participate in the competition, one of the largest studentâ€™s competition in the world. To participate in the competition, one should form a team of 3-4 students from their college and submit an application for the same.
Niraj Khanal, CEO, Antarprerana and Narottam Aryal, Executive Director, King’s College will judge the participating teams.
The competition is a global competition held by Hult Prize Foundation. The Hult Prize Foundation in association with Bill Clinton Foundation is a start-up accelerator for budding young social entrepreneurs emerging from universities around the world. The annual competition for the Hult Prize aims to build and launch the most compelling social business ideasâ€”start-up enterprises that tackle grave issues faced by billions of people every day.
The overall winning team will receive USD1 million in seed capital, as well as mentorship and advice from the international business community. The Hult Prize at Kathmandu University initiative is the Quarter-Final round to the annual USD1 million. Hult Prize Challenge brings the competition directly to college and campuses around the world, including Nepal.
After the regionals, six global teams will be flown into Boston, Massachusetts (USA) and housed for 8 weeks (all expenses paid) for the final competition in June. Over 1,000 different judges and mentors are applied to the program and including 100+ executives and entrepreneurs, and including partners from top law firms. Accelerator space is provided with concierge-like support: offices, training and resources.
You can register here for the competition.