The Hult Prize Foundation transforms how young people see their own possibilities in the world around them as leaders of change. With a global startup prize of US$ 1,000,000 as of its anchor activity, the Hult Prize challenge 2020 has brought impact-focused programs, events and training to more than a million students worldwide, creating a path for youth.
It might also interest you to know that the Hult Prize was established by Bertil Hult, and is an annual, year-long competition that crowd-sources ideas from MBA and college students after challenging them to solve a pressing social issue around topics such as food security, water access, energy, and education.
However, in this post, you will be guided on all you need to know such as the prize value, eligibility and how to apply for the Hult price challenge 2020.
What is Hult Prize?
Hult prize is one recognised and very popular grant given to the idea which is potent and the ideas which need seed funding.
The criteria are to create a team with at least one Hult student or alumni in your team, the rest can come from different backgrounds even if they are working. If you have an idea which you think is marketable, you can fill your entries. You might be able to enter from September to December (it changes every year).
What is the scholarship Benefits?
The winning student team and their new start-up will receive a price with the total sum of $1,000,000 USD. Each year the Hult prize provides one million dollars in seed capital to the winning impact enterprise of its flagship program.
The prize money is seeded into the newly created company, which will be run by the student team who came up with the idea.
Check out this Scholarships for Redhead 2020-2021 | USA Scholarships
How to apply for the scholarship programme?
Click the link below to apply for the Hult Prize Challenge On Empowering the Earth 2020.
17th December 2019 11:59 pm EST.
What is the 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.
What is the Hult Prize wildcard round?
The Wildcard round serves as a virtual round of participation for the annual Global Hult Prize. Up to 10 teams get to advance to the accelerator in Boston.
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 2020 Hult Prize Challenge provides a specific and measurable objective that each participating team is intended to solve through the creation of a sustainable enterprise.
How does the hult prize work?
There are multiple programs, and multiple rounds of competition that can further be explores in our Programs Section at the top. Your goal is to make it to the Global Accelerator, to work, learn and play as you develop your game-changing enterprise. The top 50 companies from around the world advance here, a step before the UN Finals. From there, six companies are selected to pitch at the United Nations for USD1,000,000.
There is funding and mentorship throughout. There are two ways to become part of the top 50:
1) Win a Regional Summit Final
2) Win a Wildcard Round.
What is the 2020 Hult Prize challenge topic?
The 2020 Hult Prize Challenge as announced by President Bill Clinton at the United Nations is: “Building Startups That Have A Positive Impact On Our Planet with Every Dollar Earned” Can we build bold businesses that have a positive net impact on our planet with every sale completed, dollar earned, and decision made? Good luck!
When do application open?
Official 2020 Global Hult Prize Applications will open on October 1st. There will be two early bird application deadlines, with a final application deadline of December 23. On-campus events and programs are on-going. Regional Programs have floating deadlines, please visit your local country page to learn more or email them at [email protected]
Why the united Nations?
The Hult Prize is proud to be one of the few programs that is partnered with the United Nations Office for Partnerships.
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