Five Cambridge Judge Business School MBA teams have emerged from more than 20,000 applications to continue in pursuit of a $1 million development challenge.
The annual Hult Prize Challenge is the world’s largest student competition and a start-up platform for social good. In partnership with former President Bill Clinton and the Clinton Global Initiative, the crowdsourcing platform identifies and launches catalytic social ventures that aim to solve the planet’s most pressing challenges. Student teams compete in five cities around the world for the chance to secure $1 million in start-up funding to launch a sustainable social venture.
The five Cambridge teams will compete in mid-March in London (two teams), Dubai, Shanghai and San Francisco for the chance to attend the finals of the sixth annual Hult Prize. The 2015 Hult Prize focuses on building start-ups that provide sustainable, high-quality early education solutions to 10 million children under the age of six in urban slums and beyond, by the year 2020.
Ahmad Ashkar, CEO and Founder of the Hult Prize Foundation, attributes the rapid growth of the SRI sector to new demand being created by the international market place. He said: “Servicing the world’s poorest through profitable and sustainable enterprise is not just good for the world, it’s great business. Our pioneering platform builds ecosystems by leveraging crowd, and we couldn’t be happier that Cambridge Judge Business School will be joining our mission with their participation in the 6th annual Hult Prize.”