Hult Prize Lebanon
Harnessing the Power of Energy
to Transform the lives of 10 million people
FOR SOCIAL GOOD
ACCELERATOR AT THE
NETWORK WITH WOLRD
LEADERS AT THE UN
Since 2012, the Hult Prize has been
a benchmark competition for social entrepreneurs.
2018 Hult Prize stretch target for individuals impacted by winning idea.
Estimated for 2017. Total applications multiplied by average hours spent per team per challenge via poll of past participants.
Sum of all regional finalists teams through 2015 competition.
“One of the top 5 ideas changing the world”
– President Bill Clinton for Time Magazine, October 2012
Total number of applications in all rounds of 2018 Hult Prize Lebanon
Participating in Hult Prize Lebanon
Schools Represented across Lebanon
Download the President’s challenge
Build your team of 3-4 members
Register to compete in the national competition
Winning team joins the 2-month accelerator
Mr. Ahmad Ashkar is the Founder and CEO of the Hult Prize Foundation – named in a TIME Magazine cover story featuring the top five ideas changing the world. The 2016 Esquire Magazine Entrepreneur of the Year, Ahmad has spent nearly a decade creating, launching and advising for-good, for-profit companies in more than 100 countries.
He is a leading authority in entrepreneurship, innovation, venture philanthropy and endowments, and serves as an advisory board member of the United Nations Development Program (UNDP) and is a member of the Entrepreneurs Expert Network of the World Economic Forum.
Ahmad also serves as an adviser to family offices, religious institutions, private and government sector entities across the Middle East, Latin America, Europe and Asia. A resident of Washington, DC Ahmad serves as an adviser to the economic development department of George Mason University and is a guest lecturer at MIT Sloan, Georgetown, AUB and the Hult International Business School – where he earned his MBA in international business and was the 2015 alumnus of the year.
Founder & CEO
As COO of the Hult Prize foundation, Karim works closely with the CEO to craft the organization’s strategic plan, design and execute education and incubation programs for entrepreneurs, advise startups across stages, manage and run the Hult Prize, and lead development and partnership initiatives globally.
Karim has more than 15 years of entrepreneurial, financial services, and operating experience, spanning multiple geographies. Previously, he helped scale one of Europe’s first B2B e-commerce marketplaces, and founded a seed stage business incubator to promote economic development.
He has worked with senior government officials on building successful public private partnerships while at Booz & Co.; helped evaluate more than $2bn of investments in wind and solar energy projects across the United States at GE Capital; and served as advisor to the COO of Barclays Capital (US) on optimizing the firm’s capital allocation program, where he was appointed to the working group on SRI to help shape and define the firm’s approach to responsible investing.
He regularly advises startups and entrepreneurs; is a contributor to the Huffington Post on entrepreneurship, impact, and innovation; authors research on the intersection between charity and business; and sits on the board of Directors of NanoHealth Technologies, a startup based in India.
He holds a B.A. in History from Boston College, and an M.B.A from NYU’s Stern School of Business, where he was a merit based scholarship recipient.
At the Hult Prize Foundation, Toufic works on all National Programs in 20+ countries around the world. Part of the Partnership Team, he creates partnerships for National Programs and supply all National Directors with the proper toolkit and training to launch the Hult Prize program into their country. Toufic earned his Bachelor’s degree in Computer Science in Lebanon and his Master’s in Finance from Hult International Business School.
Partnerships & Global Development Associate
Sarah has graduated as a telecommunication engineer in 2011. She has seven years of experience in the technical consultancy sector in a multinational company and five years of volunteering experience with more than six social organizations working on women and youth empowerment.
Sarah was elected as a youth advisory council member at the US embassy in Beirut for two consecutive years (2015-2016). She was selected as a youth leader by the Swedish institute of Alexandria in 2016. During the same year, she was selected to participate in the Techwomen exchange program where she spent her five weeks mentorship period at LinkedIn San Francisco.
She recently started working at Saint Joseph University as a career coach and founded a social enterprise named LIBRO whose mission is to turn youth challenges into opportunities.
She will be handling starting mid-December 2017 the management of the academy, social entrepreneurships summits and ideathons at Hult Prize Lebanon, aiming to reach as much innovators in the country as possible and expose them to the great global opportunities being provided by this international institution.
Director, Events & Partnerships
As Head of Campus Programs, Dima recruits Campus Directors in Lebanon, designs and manages training programs; and works directly with the Global On-Campus team.
Dima has notebale experience in the educational as well as the humanitarian and social fields.
She earned a Bachelor’s of Business Administration degree in Economics and is perusing her M.B.A in Financial Economics.
Dima El Halabi
Head of Campus Programs
In her role at Hult Prize Lebanon, Ghady works to recruit universities for on campus events, create and deliver training programs and info sessions for campus directors across Lebanon, and inspire a generation of youth to choose a career in impact. She also supports the team around event planning and management, including working with sponsors and key stakeholders and
Previously, Ghady held numerous leadership roles, serving as a Vice president of Public Relations at Toastmasters Speakers & Leaders, leader at a CISV camp and a student trainer at AIESEC, and she also competed internships with Consolidated Contractors Company (CCC), Arabian Construction Company (ACC) and General Electric (GE).
Ghady holds a Bachelor in Mechanical Engineering with honors from the University of Balamand and is currently pursuing a Masters in Engineering Management from the American University of Beirut.
Head of Media & University Relations
Paul is the Office manager and in charge of special events at Hult Prize Lebanon. He has a degree in Hotels and Business administration management and a professional work experience of eight years . He has enterprise of his own and he is an associate in four other local start-ups, charity and networking projects, he is passionate about delivering impactful projects and assisting entrepreneurs in reaching their goals and succeed. Paul always looks forwards to help others and always in search of like minded people in the aim of making changes in societies and helping in solving the challenges in the modern world
Office Manager/ Special Projects
2018 Hult Prize challenge on energy is announced
Applications open and 2018 President’s challenge on energy released
Final application deadline 11:59pm EST
Regional Teams Selected
15 Regional Finalist Announced
Regional semi-final rounds begin
Wildcard Round Opens
Wildcard round opens for chance to accepted in accelerator
Wild card winner accounced
Frequently Asked Questions
What is the Hult Prize?
The Hult Prize is a start-up accelerator for social entrepreneurship which brings together the brightest college and university students from around the globe to solve the world’s most pressing issues.
The annual initiative is the world’s largest crowdsourcing platform for social good and one of the planet’s leading forces for good.
Participants compete in local events organized on campuses around the world or apply online to partake in the regional finals which are held in five international cities around the world, including: Boston, San Francisco, London, Dubai, Shanghai and on-line.
Winning start-ups from each city move onto the Hult Prize Accelerator for the summer before attending the global finals, which are hosted by former President Bill Clinton. Collectively, more than ten thousand students, representing more than 150 countries around the world participate in the Hult Prize and spend over 2 million man-hours on solving the world’s most pressing issues.
Through crowdsourcing, training, mentorship and funding, the Hult Prize seeks to build and launch the next wave of social entrepreneurs.
Are participants supposed to solve a specific problem?
Yes. Each year, a pressing social challenge is selected by President Clinton and becomes the theme for the respective cycle. The “President’s Challenge” provides a specific and measurable objective that each participating team is intended to solve through the creation of a sustainable social enterprise.
In March, selected participants are invited to pitch their start-ups that specifically address the challenges identified in the case. A clearly defined framework is also provided to ensure your idea contains the necessary qualities and mandates to be an innovation breakthrough.
How can college and university students help with a social challenge?
Traditional non-profit organizations struggle to make a telling contribution despite having a potentially powerful solution to a problem. Not because they lack commitment or funding, but because they face execution hurdles that can only be solved by leveraging a wide range of skill-sets and an on-the-ground understanding of the situation.
Overcoming execution hurdles is what colleges and universities teach their students, specifically business schools, since the ability to execute is critical in business. Furthermore, business schools are home to a wide variety of students from different industries and countries that collectively have a very broad knowledge base. Harnessing this resource through crowd-sourcing innovative ideas and solutions is a technique that is poised to create radical breakthroughs in the social space.
How does the Hult Prize work?
The Hult Prize runs regional competitions in five cities around the world as well as an online “wildcard round,” a summer accelerator program, and a final pitch-off at the 2017 Hult Prize Global Finals. Your journey begins with a call to action by President Clinton in late September. Applications for participation in the Hult Prize Mexico event are now open, and teams will compete during the INCmty festival November 18, 2016. The top two teams will advance to one of the five regional finals worldwide, in either Dubai, London, Shanghai, San Francisco, or Boston. Regional winners then move on to a boot-camp style accelerator, where you will further work on the development of your social enterprise. At the conclusion of the accelerator your idea will be “investment ready” in the form of a company. Once complete, you will pitch your final start-up at the Hult Prize Global Finals, where the winner will receive USD1 million in seed capital to scale their enterprise. Interested participants can apply via the Apply Now link on this site.
Who is Hult?
Hult is the family name of Swedish born entrepreneur and billionaire, Bertil Hult, one of Europe’s leading entrepreneurs who founded EF Education First, the largest private education company in the world. Hult International Business School (formerly the Arthur D. Little School of Management) is a global business school with campuses in Boston, San Francisco, London, Dubai and Shanghai. It is named after Bertil Hult. Hult is ranked in the top 20 business schools in the United States and in the top 100 in the world, including number one for international business. Today it has over 3000 students enrolled across its campuses, from over 130 different countries. The Hult family provides the annual USD1 million in seed capital awarded to the winner of the annual Hult Prize.
Why is Hult doing this?
The recent financial crisis has taught us the importance of practicing sound business ethics. The Hult Prize is dedicated to teaching college and university students from around the world that the skills they learn can be applied for-good as well as for-profit. Hult International Business School is a natural host for such an initiative. Not simply because it has a global campus network that can very effectively bring together students from all over the world, but also because many of the 130 countries that Hult students hail from face global challenges in the areas of energy, finance, hunger, disease and education; challenges that require solutions which are broad in scope, yet detailed in implementation.
Who gets the million dollars?
The winning student team and their new start-up. Each year the Hult Prize provides one million dollars in seed capital to the very best start-up for social good. The prize money is seeded into the newly created company, which will be run by the student team who came up with the idea.
How was the Hult Prize created?
The Hult Prize is the brainchild of Ahmad Ashkar, a Hult International Business School alumnus who developed the concept whilst still a student. Ahmad had the idea after seeing Charles Kane, the CEO of One Laptop Per Child, describe some of the challenges his organization faced during a speech in class. Ahmad is currently the CEO of the Hult Prize and continues to bring innovation and thought leadership to the social impact sector.