Kathmandu, November 25, 2018: The world’s largest student competition, “Hult Prize”, comes to School of Management, Tribhuvan University whereby students tackle United Nations “For Us By Us: The Global Youth Unemployment” Challenge. The team has opened application call for entrepreneurs to create viable start-up and compete for $1 million in seed capital.
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 problem. The aim of the Hult Prize is to launch a start-up enterprise that can radically change the world and breed the next generation of social entrepreneurs. In partnership with the United Nations, the Hult Prize is hosting college and university events around the world in search of the next game-changing start-up. It is a global movement of student leaders that has an objective of inspiring youth to change the world through business. Student teams compete around the world for a chance to secure US $ 1 Million start-up funding to launch a sustainable social venture.
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 commented.
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 theme for this year is: “For Us By Us: The Global Youth Unemployment”. It invites ideas that can solve global youth unemployment and give meaningful work to 10,000 youth within the next decade. The past few decades have shown us the vast utilization of the principles under four categories of employment opportunities – learning, matching, sourcing and creating, through various multinational companies like Amazon, McDonald, Uber, etc. However, these categories are not exhaustive and there can be even more creative ideologies, approaches and strategies to unite and garner the unemployed youths into an intricately woven business model; and to impart them is the major objective of this year’s challenge of Hult Prize. This event aims to develop the inner capabilities of the students and transform them into the change makers solving the world’s problem as stated. We, thus, believe that this is a tremendous opportunity to be involved in developing competent future global leaders from Nepal.
Hult Prize at TU, SOM Final Event is a platform for students of Tribhuvan University to earn their golden ticket to regional finals of the worldwide competition. We ask student entrepreneurs to create viable start-up centered on the theme of the Hult and the winning team will be fast-tracked to compete at one of the twenty six 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 on March 2019 in 25 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 2019, where one winning team will be selected as the winner and will be awarded the US$ 1,000,000.
It is a pleasure and privilege to invite all the students of Tribhuvan University to our school to participate in the “Hult Prize Competition”. The teams are encouraged to apply from different faculty for the participation. Along with dynamic judges and partners, students will get national investors if their idea is worth implementing.
Eligibility:
- 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
- Students are invited to form a team of 3-4 (Alumni and faculty are not allowed to be official team members)
- Student can be mix of programs and colleges
- No entry charge
- To register for the competition, fill out the form at hultprizeat.com/tribhuvan
Event Timeline:
Application Call: November 14, 2018
Application Close: Priority deadline December 2, 2018 Late: December 5, 2018
Campus Final: December 9, 2018
Regional Finals: March 2019
Accelerator program: July – August 2019
Hult Prize global final: September 2019
