The Hult Prize is a start-up accelerator for social entrepreneurship.
In partnership with the Clinton Global Initiative we have created the world's largest student movement for Social Good. Register now for your chance to change the world.
Established in 2005 by President Bill Clinton, the CGI convenes global leaders to devise and implement innovative solutions to some of the world's most pressing challenges. Regional winners of the Hult Prize will be featured at the 2013 annual meeting, where a final pitch-off will be held. President Clinton, along with CGI meeting attendees will select and award the winning team with a $1 million prize.
President Clinton has personally selected this year's challenge: The global food crisis.
A detailed case study and challenge question will be released to all selected participants on the first week of January, 2013.
1/4 children in the world are hungry
1/3 of food production is lost or wasted
Hungry people in world > than USA + EU + Canada population
Hunger is the world's most solvable challenge
Faculty from the Hult International Business School and the IXL Center, led by Dr. Hitendra Patel, Director of the Innovation Program at Hult International Business School and Managing Director of the IXL Center, will work directly with President Clinton along with private and public sector executives within the food space to capture a detailed challenge which will be presented to all participants.
The case study will take a deep dive into the food crisis from the eyes of the beneficiary and valuable insights from the entire food ecosystem will be extracted and documented. More than 100 hours of consulting advisory will also be provided as the IXL Center will utilize its proprietary framework to identify the key issues being faced and frame a specific challenge, that when solved, can create a tipping point in the market place.
Participants will not be limited to the information available in the case study, and are encouraged to seek out knowledge from any resource available. The published case study is not your “traditional” case study. Instead of concentrating on a historical series of events and outcomes, the Hult Prize case studies capture real-time information and knowledge, and transfers that learning to it’s readership. It is critical that participants stay up-to-date on recent developments in the industry that may take place in the marketplace between the time the case study is released and the regional competitions.
Given the dynamic nature of the case study, new real-time information will be given on the day of the regional event. A specific challenge question, selected by President Bill Clinton will be drafted around the case study and distributed to the selected competitors at the same time the case studies are released in early January.
Nearly 1 Billion people in the World are Hungry, that is over 1 out of every 4 children. Ironically, our global economy produces enough food each year to feed everyone, however more than one-third of the food generated for human consumption continues to be lost or wasted.
College and university students are being called to action to compete in one of five global regional rounds of competition and online. Teams of 4-5 students will be charged with developing ideas for social enterprises that can conquer one of modern day’s most solvable global challenges:
the food crisis.
Incubator to develop investment ready companies.
Regional winners pitch at Clinton Global Initiative.
The winning social enterprise will go to market.
The 2013 Hult Prize will be themed around the global food crisis. Regional rounds of competition will be held in five cities around the world, simultaneously, on March 2, 2013. A sixth site will be facilitated virtually from March 3-April 19, for those participants whose economic means restrict them from attending one of the five physical competitions. This virtual round of competition will be conducted through Facebook.
The aim of this year’s Hult Prize is to identify and launch start-ups for social good that drive solutions around those key areas, which we believe will have the greatest net impact on the global food crisis.
If your application is accepted, your team will be invited to join the world’s most elite institutions and students from over 130 countries, where you will compete for the regional crown. Teams will be selected based on their potential to develop social enterprises that can cause a radical change in the current food value chain. You can apply to any of the five regions around the world. If your application is not successful, you will automatically qualify for the on-line edition.
At the regional competition, you will receive an in-depth training session on the evening of your arrival. The next day (March 2, 2013) your team will have four final hours to collaborate as a team to finalize your idea and prepare your pitch. You will then present your idea to a world-class panel of executive judges who will select the very best idea and team. The winning team will then move-on to the world-class Hult Accelerator, for idea incubation - one step closer to winning USD1Million and the 2013 Hult Prize.
The online event will kick-off on March 3, 2013 with a winner being announced in mid-May. This winner will join the regional winners at the next phase of the challenge.
The Hult Accelerator is a world-class center for innovation, designed specifically for the Hult Prize. Out of the thousands of entries that participate in the regional competition, only the best six teams will be selected to work at the Accelerator. While participation is highly encouraged, it is not mandatory.
The Accelerator will incubate your team’s idea and provide mentorship, advisory and strategic planning as we help you set-up to launch your new social businesses. Through the creation of your “investment ready” company, you will be positioned to “get to work on Monday morning” should your new company win the USD1 million Hult Prize.
Over the months of July and August, the Hult Accelerator will give your team exposure to a number of successful business leaders and established social entrepreneurs. You will be entrenched in an innovative work, eat and play environment. Each team will be provided with mentors to help them refine their business concepts and to identify the best means to scale-up their operations if successful. We recognize that every team will have different time obligations during this period, and will offer multiple timings for the incubation process.
Following the conclusion of your time at the Hult Accelerator, each team will begin preparations to attend the 2013 Clinton Global Initiative annual meeting, where you will pitch your refined start-up at the Hult Prize Global Finals.
Following the conclusion of your time working in the Hult Accelerator in July and August, each of the six winning teams will attend CGI's annual meeting in September, 2013. Within the meeting agenda, President Clinton will host the Hult Prize Global Finals. Here, teams will pitch their ideas in-front of a world-class audience, where President Clinton, along with CGI Meeting attendees will select and award the winning team with a USD1 million prize.
The winning team will then be featured in the following day’s featured plenary session and again recognized by President Bill Clinton and the atlarge CGI community. Each of the six finalist start-ups will receive a full year’s membership into the Clinton Global Initiative and continued support with a call to action being issued, for members of the CGI to support the non-winning teams.
The 2013 Hult Prize Global Champion will immediately work to launch their new social enterprise. Continued support, mentorship and advisory will be provided by the Hult Accelerator and it's partners, as the winning student team moves forward with the implementation of their idea.
Each of the six teams presenting at the Global Finals will receive a one year membership into the Clinton Global Initiative. CGI convenes a community of global leaders to forge solutions to the world’s most pressing challenges. CGI annual meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media.
This network has embraced the Hult Prize as part of the CGI agenda, and will provide all of of our six global finalists an opportunity to continue to work towards their dream of launching their social enterprise, through helping to raise capital, identification of strategic partnerships and media support.
Like us, create a team of 4 - 5, and submit your innovative solutions from March 3rd to April 19th
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