How it Works

The Hult Prize Challenge

The Hult Prize challenges students to launch for-profit startups that support at least one UN Sustainable Development Goal (SDG). At the end of the competition, one team will win $1M USD in seed funding to bring their idea to life.

Getting Started

Whether you're building a business from scratch or growing an early-stage venture, you're welcome in our community. All you need to start, is a team and an idea.

Form a Team

Connect with 2-3 other eligible students and register your team.

Solve a Problem

Develop a for-profit, for-good business idea using design thinking.

Compete

Build your business plan, submit your application and start pitching!

Who is eligible to compete in Hult Prize?

We welcome teams of 2-4 students from almost every country in the world who are:

  • At least 18 years of age

  • Enrolled in any degree-granting program (including undergraduate and graduate programs) at the time of registration.

  • Pitching a for-profit business that directly supports at least one UN Sustainable Development Goal (SDG)

How to Register

Once you’ve formed a team, identified a problem and developed a solution, you’ll register online to compete in our qualifying rounds. If your institution hosts a local competition on campus, you’ll be connected with the organizers. If not, you’ll be directed to submit through our Open Application.

Competition Rounds

The Hult Prize competition runs September through September and consists of 5 successive rounds: Qualifiers, Nationals, Digital Incubator, Global Accelerator and Global Finals.

Evaluation Criteria

Our progressive scorecard rewards both early promise and sustained growth, focusing on:

  • Innovation and impact

  • Business model viability

  • Execution and traction

  • Team strength and leadership

The Million Dollar Deal

At the end of the competition, one of our top 8 finalists will secure $1M in seed investment to advance their business. The Hult Prize Foundation receives an equity stake in the winning startup (typically 10%), which we use to fund our non-profit operations. Be sure to read our terms and conditions carefully to ensure this is the right opportunity for you.

Beyond the Competition

When you join the Hult Prize, you unlock more than a chance at $1M. Participants gain access to educational opportunities, perks and scholarship opportunities, mentorship, investment connections, and a lifelong global network of social entrepreneurs committed to building a better world.

Frequently Asked Questions