Hult Prize unlocks the desire of young people to change the world through business.
Since 2009, the Hult Prize has been a benchmark program for social entrepreneurs.
The Hult Prize is a start-up accelerator for impact entrepreneurship which brings together the brightest college and university students from around the globe to solve the world’s most pressing issues through pitching ideas and launching companies. It’s the biggest and most prestigious start-up event in the world, and awards millions of dollars in investment capital to young budding entrepreneurs, including a grand prize of USD1Million.
You don’t need an idea to start. Particpants compete in local events organized in cities, countries and on campuses around the world. Regional and national programs are hosted world-wide and winners of these events get to spend 8-weeks living, working, learning and playing in a castle in the UK. If you can’t make any of our in-person events, we also have a wild-card round which takes place virtually – everything happens in person, because that’s how you create entrepreneurs. If your university doesn’t host an on-campus round or you would just rather apply into a regional round, please apply using any of the links on this page. Regional events host on-campus winners and teams from around the world, so feel free to apply anywhere, not just the city closest to you. In 2018, we are hosting regional final events in: Boston, San Francisco, London, Dubai, Shanghai, Toronto, Mexico City, Quito, Bogota, Melbourne, Lagos, Nairobi, Cairo, Tunisia, Kuala Lumpur and Singapore and on-line. Winning start-ups from each city move onto the Hult Prize Accelerator for the summer before attending the President Bill Clinton hosted global finals at the United Nations, which take place in September, during UNGA. The Hult Prize is the official kick-off to UN GLOBAL GOALS WEEK, so it’s the perfect place to pitch for a million dollars. Collectively, more than one-hundred thousand students around the world, representing more than 150 countries participate in the Hult Prize and spend over 10 million man-hours on solving the world’s most pressing issues. Tens of thousands more students organize various trainings and programming throughout the years. Through crowdsourcing, training, mentorship and funding, the Hult Prize seeks to build and launch the next wave of social entrepreneurs, all of whom are poised to change the world…. Ready?
There are multiple programs, and multiple rounds of competition. Your goal is to make it to the summer 8-week incubator which is hosted in our castle where you will live, work, learn and play as you develop your game-changing enterprise. The top 50 companies from around the world advance. From there, six are selected to pitch at the United Nations for USD1,000,000. There is funding and mentorship throughout.
There are three ways to become part of the top 50, 1) win a regional final round 2) win an in-country round or 3) win a wildcard round. There are two ways into a regional final, either you win an on-campus Hult Prize which may or may not be happening at your university, or you submit into the general application window. If none of these paths work for you, then you would have one more shot via our Hult Prize National Program which may or may not be happening in your country. If it is, then you are in-luck because national program winners receive investment capital and a one-way ticket into our summer incubator.
We also have new program funnels which may arise between now and then like Hult Prize Ivey, but those are closed events. Regional final cities are always changing, but for 2018 we are going to: Boston, San Francisco, London, Dubai, Shanghai, Toronto, Mexico City, Quito, Bogota, Melbourne, Lagos, Nairobi, Cairo, Tunisia, Kuala Lumpur and Singapore.
Once the top 50 are selected, they come to the world’s biggest and baddest incubator for social enterprise and from there, our team and network of 25,000 coaches, advisers and mentors work to make your idea real. After 8 weeks a final six is selected to pitch at the United Nations hosted Global Finals. The winner gets USD1,000,000.
The 2019 Hult Prize Challenge as announced by President Bill Clinton at the United Nations is: “For Us, By Us: The Global Youth Unemployment Challenge” We want you, the youth to take on and act to develop a venture that will create 10,000 meaningful jobs for the youth within the next decade – with no restrictions in the industry of where these jobs come from. That is why this challenge, as our 10th Anniversary is so important and unique: it is as broad and as important as ever! That’s what we are solving with this year’s challenge. Good luck!
The winning student team and their new start-up. Each year the Hult Prize provides one million dollars in seed capital to the winning impact enterprise of it’s 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. We also have funding available through our national programs which have a similar structure.
INTERSECTION OF PURPOSE AND PROFIT
We challenge young people to solve the worlds toughest issues by empowering them to make money, do good and make life better for millions of people through the creation of for good for profit businesses.
Through leveraging human capital, knowledge and the crowd like never before, the Hult Prize has helped launch social enterprises that share the common facets:
- Serve the least fortunate
- Tackle humanity’s greatest challenge
- Pursue revenue and sustainability
- Use existing channels
- Create a market efficiency
- Pursue large, untapped markets
Closing date: 23 December 2018