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Hult Prize for High Impact Entrepreneurs with a Chance to Win $ 1,000,000 2018

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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” The Hult Prize encourages 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.

Each year, a pressing social challenge is selected by President Clinton and becomes the theme for the respective cycle. The “President’s UN Challenge” provides a specific and measurable objective that each participating team is intended to solve through the creation of a sustainable enterprise. In March, selected participants are invited to pitch their start-ups that specifically address the challenges identified in that year’s challenge.  A clearly defined framework is also provided to ensure your idea contains the necessary qualities and mandates to be an innovation breakthrough.

Eligibility

  • Students from any college or university in the world are invited to form teams of 3-4.

*You are considered a student if at the time of application submission, you have not yet graduated. Alumni and faculty are not allowed to be official team members.

How the Hult Prize Works

  • 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. 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 a general application.  If none of these paths work for you, then you would have one more shot via the 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.
  • There are also 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 they 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, the Hult Prize 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.

Prize

One-million dollars (US$1,000,000) will be seeded into the winning company of the global flagship program which culminates in a global finals based on a pre-determined milestone. A twenty percent (20%) equity position will be held by the Hult Prize Foundation for the winning company’s participation in any of the Hult Prize program. Any future proceeds from this equity stake will be used by the Hult Prize Foundation exclusively to promote the Hult Prize program and Hult Prize activities.

For more information about the Hult Prize, check out the FAQ section.

Eligibility

Nationality
United Arab Emirates, Bahrain, Djibouti, Algeria, Egypt, Iraq, Jordan, Comoros, Kuwait, Lebanon, Libya, Morocco, Mauritania, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Somalia, Syria, Tunisia, Yemen
Country of residence
Any Country
Gender
All
Interest
Entrepreneurship

Opportunity Information

Opportunity Targeting
Undergraduate Students
Funding
Partial funding
Opportunity will take place in
United States
Required Documents

Educational Conditions

Required Specialties
All Specialties
Educational Level
High School Diploma
Required Languages
English
Learn how to apply