“Solving the world’s most pressing challenges is not just the right thing to do, it is also good business.”

Ahmad Ashkar, CEO of Hult Prize

The Hult Prize Foundation transforms how young people envision their own possibilities as leaders of change in the world around them. With a US$1,000,000 global startup prize as its anchor activity, the Hult Prize has brought impact-focused programs, events and trainings to over a million students globally, creating a pathway for youth everywhere to take action to build a better world.
In just over a decade, the foundation has deployed more than $65M into the impact sector which it helped create. Operating on more than 2,000 college and university campuses in 121 countries with a global team of more than 30,000 staff, student volunteers, and changemakers, the Hult Prize continues to be a disruptive global leader in education, soft skills training, and entrepreneurial development for the 21st century.

The Power of One Idea

In 2009 Hult International Business School MBA student Ahmad Ashkar founded a company to give his then peers around the world a platform to have sustainable, profitable impact. He later convinced Hult’s President, Dr. Stephen Hodges to begin hosting startup events on each of Hult’s five global campuses around the world with a focus on the creation of a new kind of business which was dubbed, “the impact enterprise.” One year, and one meeting with Bertil Hult later, the Hult Prize Foundation was born. Today, the Hult Prize is one of the world’s most acclaimed entrepreneurship programs operating on more than 1500 university campuses in 121 countries and has become a benchmark startup challenge for social entrepreneurship

“Sponsored by Hult International Business School, the Hult Prize benefits from the business schools global footprint, research and global resources.”

Stephen Hodges, President of Hult International Business School

The Hult Vision

The Hult family has been dedicated to opening the world through education for more than 50 years.  Since founding EF, Education First, Bertil Hult’s vision has been to provide life changing education and transformative experiences to people everywhere. Today, EF is run by his three oldest sons, and offers cultural exchanges, educational travel, language training and degree programs in 53 countries.  The Hult Prize is made possible through the ongoing support of the Hult Family.


Our Team

Ahmad Ashkar

Founder & CEO

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. Recently ranked as one of the world’s, “Top 100 Most Powerful Arabs” by Gulf Business 2019 Edition, Ahmad and the Hult Prize have received numerous awards and recognition for their work in impact. In 2018, the Hult Prize was named by Fast Company as, “One of the World’s Most Innovative Companies” in their annual global rankings. Mr. Ashkar has been recognized by GQ Magazine Brazil as the 2018 Entrepreneur of the Year, the 2017 CEO of the Year by Arabian Business and the 2016 Esquire Magazine Entrepreneur of the Year. At only 36, Ahmad has already spent more than 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.


Dr. Stephen Hodges

President, Hult International Business School

Dr. Stephen Hodges joined Hult International Business School as Chairman of the Board in January 2006 and was elected President in August 2006, bringing with him a strong background in international business. Before coming to Hult, Dr. Hodges ran several large businesses and worked in a number of different countries:

countries: Hong Kong, India, Singapore, Taiwan, Spain, Germany, Sweden, and the United States as well as his home country, the United Kingdom. A businessman for most of his life, Dr. Hodges is a strong advocate of practical education. Prior to joining the business school, he was the General Manager of Credit Cards for Standard Chartered Bank in Hong Kong. During his time with Standard Chartered, he held a number of other important positions and was heavily involved in several major acquisitions undertaken by the bank.

Dr. Hodges started his career with McKinsey & Company in London, where he was an associate principal. He served a number of financial institutions and technology companies across Europe and Asia, working closely with their senior management. While at McKinsey, Dr. Hodges specialized in establishing new businesses for his clients. He led the creation of several new Internet companies in the United Kingdom as well as a credit card company in Spain.

Dr. Hodges is a British citizen and holds an MA from Cambridge University, a Ph.D from Manchester University, and completed two years of post-doctorate research in electronic engineering in Cambridge. He is the co-author of several patents in data communication.


Philip Hult

Chairman, Hult International Business School
Co-CEO, EF Education First

Philip Hult is the co-chairman of EF Education First, a privately held international education organization founded by his father, Bertil Hult. Together with his younger brother, Alex Hult, Philip Hult oversees the strategy and operations of EF’s 15 business units, which specialize in language training, educational travel,

academic degrees, and cultural exchange. Philip Hult graduated magna cum laude from Brown University in 1993 with a degree in International Relations and Comparative Literature. Upon graduation, he joined EF where his focus has been on emerging markets and digital learning.

From 2001 to 2006 Philip Hult lived in Hong Kong and subsequently moved to London. He sits on the board of both EF Education First and Hult International Business School.


Edward Hult

CEO, EF Education First North America

Edward Hult is the CEO of EF North America, a division of EF Education First, an education organization founded by his father Bertil Hult. Edward Hult graduated from the KTH Royal Institute of Technology in Sweden in 2005 with a Master of Science degree in Mechanical Engineering. In 2007, he graduated from the

University of Cambridge with a Master of Management Science. In 2011, he earned a Doctor of Philosophy PhD. in Management from the University of Cambridge, England. In September 2013, Hult was chosen to be a member of the Boston Business Journal’s 40 Under 40 Class of 2013. The Boston Business Journal’s 40 Under 40 Award recognizes the brightest young business leaders in Boston who are working to make a positive impact on the city’s business and civic landscapes.

Ahmad Ashkar

Founder & CEO

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. Recently ranked as one of the world’s, “Top 100 Most Powerful Arabs” by Gulf Business 2019 Edition, Ahmad and the Hult Prize have received numerous awards and recognition for their work in impact. In 2018, the Hult Prize was named by Fast Company as, “One of the World’s Most Innovative Companies” in their annual global rankings. Mr. Ashkar has been recognized by GQ Magazine Brazil as the 2018 Entrepreneur of the Year, the 2017 CEO of the Year by Arabian Business and the 2016 Esquire Magazine Entrepreneur of the Year. At only 36, Ahmad has already spent more than 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.


Charlemagne Quinitio

Chief Operating Officer 

CQ oversees the strategic planning and execution of our global operations. In this role, he manages the global staff for all programming, digital marketing, and partner relationships in all countries that Hult Prize operates. CQ has spent a decade-plus targeted on youth investment specifically early-stage impact and advises student entrepreneurs and alumni enterprises of our community regularly.
Based in southern California, CQ is actively involved in his community. He currently serves as an advisory board member at UC Irvine and regularly volunteers his time with the San Diego Food Banks Food Distribution program. CQ received his M.B.A. from Hult International Business School and his B.S. in Bioinformatics and Genomics from UC Riverside.


Philip Auerswald

Chief Academic Officer

Dr. Philip Auserwald is an award winning econcomist and renowned education expert. Mr. Auserwald serves as the Chief Academic Officer at the Hult Prize Foundation providing oversight and direction to all aspects of the Foundation’s educational initiatives. Working directly alongside Hult Prize founder and CEO Ahmad Ashkar, Phil has led multiple breakthrough learning initiatives for the Hult Prize Foundation which graduates 300,000 program alumni annually.

Phil is also an author, economist, the founder of Zilla Global. He previously lead the National Center for Entrepreneurship and Innovation, founded the Policy Design Lab in Washington, DC and was a Kaufman Fellow. His most recent book, The Code Economy: A Forty-Thousand-Year History, describes how code has been a key driver of the development of human society from simplicity to complexity, over the span of millennial.


Nelly Andrade

Head of Global Programs 

Over the last 10 years, Nelly has become a sustainable development professional; creative, innovative and proactive individual with a wide background on social and youth development programs, sustainable development, research for social impact, fundraising activities, partnership building and with a strategic advocacy on women’s economic empowerment.

These, helped her develop skills that she can now easily apply to improve and develop effective programs and have earned her with an Honorable Mention from the President of Mexico in 2012, the Hult Prize Luminary Award in 2015, recognized as a Global Champion with the UN Women movement for Women’s Economic Empowerment: Empower Women in 2015, the Women’s National Prize “Premio Mujer Tec 2015” as well as the nomination to the Classy Awards Fellowship programme 2013 and two other nominations to the Nuevo Leon State Youth Prize in 2012 and 2015.


Ricardo Alvarez

Head of Global Brand & Communications

Previously Virgin Mobile’s Brand Manager, Ricardo now oversees all marketing and creative operations within the Hult Prize, developing new branding content to be used globally. He has worked with worldwide brands such as Elle Magazine,  J. Walther Tomphson, Ray-Ban, UNICEF, Durex, Havas Media, FedEx, Eli-Lilly, Mario Molina Foundation, Bacardí, MTV World Stage, Nestlé, Zurich Insurance, Mexico’s National University General Direction of Publishing, among others.


Priya Sultan

Global Projects Director

Priya Sultan, has been a global leader in impact entrepreneurship for the last 10 years. She has been focused primarily on enabling young people to build social enterprises which disrupt markets, and create a positive impact in society. She has worked with global organizations in the public and private sector, including Save the Children, United Nations, and Recruit Holdings, advising and speaking on the significance of social entrepreneurship in our world today. She believes impact entrepreneurs are changing the world, and is committed to catalyzing more people to get involved with this movement and backing them with the resources they need to scale their impact.


Hult International Business School

The Hult International Business School (formerly known as the Arthur D. Little School of Management) is the first global business school with campuses in Boston, San Francisco, London, Dubai, and Shanghai.Hult’s one-year MBA program is ranked in the top 30 in the world by The Economist and number one in international experience by the Financial Times. Learn more by visiting hult.edu.


United Nations

The United Nations (UN) is an international organization to promote international co-operation. A replacement for the ineffective League of Nations, the organization was established on 24 October 1945 after World War II in order to prevent another such conflict. Learn more by visiting un.org.


EF Education First

EF Education First is an international education company that focuses on language, academics, and cultural experience. Founded in 1965, EF’s mission is opening the world through education. We combine language training with cultural exchange, academic achievement and educational travel to deliver courses and programs that transform dreams into international opportunities. Learn more by visiting ef.com