Mission & Overview

The Hult Prize Foundation is a not-for-profit organization dedicated to launching the world's next wave of social entrepreneurs. It encourages the world's brightest business minds to compete in teams to solve the planet's biggest challenges with innovative ideas for sustainable start-up enterprises. Annual Hult Prize winners can make their ideas reality with the help of USD1 million in seed funding.

The Hult Prize Foundation is a not-for-profit organization dedicated to launching the world's next wave of social entrepreneurs. It encourages the world's brightest business minds to compete in teams to solve the planet's biggest challenges with innovative ideas for sustainable start-up enterprises.  Annual Hult Prize winners can make their ideas reality with the help of USD1 million in seed funding.

Through its structured approach to defining the challenge and local, regional and global competition rounds, the Hult Prize actively seeks to create a new kind of social business. One that combines the forces for good and profit—what we call “NGO 2.0.” While many philanthropic and charitable organizations turn to non-governmental organizations as their primary resource for addressing some of the world’s most pressing social problems, current they often face funding gaps that derail them from their mission, inadvertently impacting millions of beneficiaries who count on their aid as a primary means of survival. The NGO of the future must be designed for sustainability as well as catalytic impact, ensuring that both social and financial returns are met. At the Hult Prize, we believe that the only way to achieve this is by introducing the "unusual suspect" - business students, to a whole new world, where they can have have impact and a career that is economically viable.

Competition Overview

Local and Regional Competitons > Hult Prize Accelerator > Global Finals > Implementation

1. Local and Regional Competition

College and university students are called to action to compete in one of five global regional rounds of competition. Teams of 3-4 students are charged with developing ideas for social enterprises that can conquer modern day’s most solvable global challenges. A local round may also be happening on your campus.

2. Hult Accelerator

During the months of July and August, the Hult Prize's six regional finalist teams will attend the Hult Prize Accelerator, a six-week program of intensive entrepreneurial seminars hosted by Hult International Business School.
During the months of July and August, the Hult Prize’s six regional finalist teams will attend the Hult Prize Accelerator, a six-week program of intensive entrepreneurial seminars hosted by Hult International Business School. This fast-paced and fun immersion program fosters the rapid implementation and uptake of social business concepts with a proven methodology, professional mentorship, and 24-hour access to business facilities and resources. Participating teams will hone their business concept into a more robust and bankable enterprise. They will also develop the proposal they will ultimately present at the Global Final held at the Clinton Global Initiative Annual Meeting in New York. Each team will leave the program with a fully formed and investor-ready corporation, as well as a concise Monday-morning action plan.

3. 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. 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.

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. 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 at large 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. 

4. Implementation

The Hult Prize Global Champion will immediately work to launch their new social enterprise. Continued support, mentorship and advisory will be provided by the Hult Prize Accelerator and it's partners, as the winning student team moves forward with the implementation of their idea via their start-up.

The Hult Prize Global Champion will immediately work to launch their new social enterprise. Continued support, mentorship and advisory will be provided by the Hult Prize Accelerator and it's partners, as the winning student team moves forward with the implementation of their idea via their start-up.

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. 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.

“If you can create a real business, the beginning of a prototype, you can change the world.”

Muhammad YunusNobel Peace Prize Winner