Local campus event calling entrepreneurs to create a viable start-up and compete for $1 million in seed capital.
Kathmandu, November 15, 2017: Hult Prize student entrepreneurship competition is all set to be organized at School of Management, Tribhuvan University on December 13, 2017.
The Hult Prize is the world’s largest student competition and start-up accelerator program for social good. In partnership with former President Bill Clinton, this innovative crowdsourcing platform identifies and launches disruptive and catalytic social ventures that aim to solve the planet’s most pressing challenges. Students’ teams compete around the world for a chance to secure US$ 1 million start-up funding to launch a sustainable social venture.
The 2018 Hult Prize is themed at ‘Harnessing the Power of energy to Transform the Lives of 10 Million People’.
Ahmad Ashkar, CEO and Founder of the Hult Prize, attributes the success of the competition to the shift in the global economy and the millennial generation’s refusal to live in a world with inequality. “We are giving entrepreneurs from around the world a platform to innovate and revolutionize the way we think about servicing the disadvantaged,” Ashkar comments.
The winning team from the Hult Prize at School of Management, Tribhuvan University Final Event will be fast-tracked to compete 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 350 colleges and universities in over 150 countries.
The Hult Prize regional competition will take place in March 2018 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 competition will take place in September 2018, where one winning team will be selected as the winner and will be awarded the US$ 1,000,000.
In the words of President Clinton, “The Hult Prize is a wonderful example of the 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.”
The competition is open to all students of four faculties of Tribhuvan University Viz. Faculty of Management, Faculty of Law, Faculty of Education, and Faculty of Humanities and Social Sciences. To register for the competition, students should form a team of 3-4 and fill out the form at hultprizeat.com/smtukirtipur. However, the participating group of students can be a mix of various programs and colleges.
Glocal Khabar is the official online media partner of the program.