Annually, Hult Prize awards one million dollars in start-up funding to the team of students that develops the most radical and breakthrough idea to solve one of the world’s toughest social challenges. Just recently, we heard the fantastic news of Roshni Rides securing this prize back in September.
The Hult Prize in partnership with the United Nations is hosting college and university events around the world in search of the next game-changing start-up.
Hult Prize Pakistan
Institute of Business Administration (IBA) has been selected to host a local edition of the Hult Prize. This is the world’s largest student competition for the creation of new social businesses, said Mehreen Mansoor, a student at IBA and Campus Director IBA Hult.
Mehreen Mansoor, along with her host team and in collaboration with IBA CDC, IBA IRC, IBA Go Green Society and IBA Entrepreneurship Society, will be leading the Hult Prize at IBA initiative.
Speaking about the awards she said,
“It has come to IBA for the first time and we will make sure that it takes the world by storm.”
The winner of the intra-campus event will automatically advance to compete in one of fifteen regional finals happening around the world in March 2018.
The winning team from each host city will then move onto a summer business incubator, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business. A final round of competition will be hosted in September 2018, where the winning team shall be awarded the $1,000,000 prize.
Hult Prize at IBA is recruiting participant teams who are interested in registering for the competition. To register, log on to the website hultprizeat.com/ibakarachi