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hultprize.org 2
Leading a generation to
change the world
The Hult Prize is the world’s foremost platform
for the creation and launch of sustainable and impact
centered startups emerging from university,
offering a grand prize of USD1 million.
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“If you can create a real business,
the beginning of a prototype,
you can change the world.”
Muhammad Yunus
2006 Nobel Peace Prize Winner
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Launching the next generation
of social entrepreneurs
The Hult Prize Foundation continues to transform lives as well as
communities. As the leading program for action-based, immersion-driven
student entrepreneurship, it mobilizes the smartest minds from more
than 100 countries to apply their business thinking to solve the world’s
most pressing issues. Through on-campus, national and global level
programming, the Hult Prize aims to launch the next generation of
entrepreneurs who are impact centered, profit minded and market driven.
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“The Nobel Prize for students”
—Bloomberg & Huffington Post
Ahmad Ashkar
Hult International Business School
MBA Class of 2010
CEO & Founder of Hult Prize
Esquire Magazine’s Entrepreneur
of the Year
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Social Impact
The Hult Prize Foundation challenges young people to solve
the world’s 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 and 2012 winner Sunny Money is one of Africa’s
knowledge like never before, the Hult Prize largest solar light distributors. Aspire Food Group,
has helped launch social enterprises that serve the 2013 winner, is the largest manufacturer
the least fortunate, tackle humanity’s greatest of insect protein in the world. IMPCT, the 2015
challenges, and pursue large, untapped markets. winner, is one of Asia’s largest specialty coffee
Every year, the Hult Prize has crafted challenges retailers and have built schools in El Salvador,
and helped launch startups that actively solve UN Guatemala, and South Africa.Finally, 2016 winner,
Sustainable Development Goals (SDGs). BuuPass has just been selected as the official
ticketing provider for Kenya’s Standard Gauge
The Hult Prize environment has helped many
Railway (SGR).
successful entrepreneurs take off. In 2016,
fourteen Hult Prize entrepreneurs were named This is just a sampling of the incredible impact
to the Forbes 30 under 30 list. Today, m.Paani, Hult Prize entrepreneurs are having in the world
the Hult Prize 2011 winner, is the largest loyalty as passionate and enthusiastic game-changers in
and rewards program focused on India’s poorest. the social enterprise space.
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2016 Hult Prize Winner: 2013 Hult Prize Winner
BuuPass Aspire Food Group’s product
2011 2014
featured mobile payments and tracking.
2012 2015
opening of UN Week in New York
in September.
Energy
Early childhood education
Students worked with SolarAid to
A team from Taiwan’s National Chengchi
eliminate the use of kerosense lights by
University won with a business that builds
2017. Sunny Money, a new division of
children’s education franchises, run by
SolarAid went on to use the seed funding
local women, to reach 10 million children
to pioneer new distribution models across
by 2020.
sub-saharan Africa.
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AHMAD ASHKAR I Chief Executive Officer
Mr. Ahmad Ashkar is the Chief Executive Officer and Founder of the Hult Prize Foundation –
named in a TIME Magazine cover story featuring the top five ideas changing the world. Founded in
2009, today the foundation represents the world’s largest community of impact centered startup
entrepreneurs emerging from university. Recognized as the 2017 CEO of the Year by Arabian
Business and the 2016 Esquire Magazine Entrepreneur of the Year, Ahmad has spent nearly a
decade creating, launching and advising for-good, for-profit companies in more than 100 countries.
Ahmad is a leading authority in entrepreneurship and venture philanthropy, having created open
innovation platforms for leading corporations, philanthropists, businessmen and government leaders
across the world, including co-founding, “The Laudato Si Challenge - Inspired by Pope Francis.” He
serves as an advisory board member of the United Nations Development Program and is a member
of the Entrepreneurs Expert Network of the World Economic Forum.
He also serves as an adviser to family offices, religious institutions, private and government sector
entities across the Middle East, Latin America, Europe and Asia. He is the author of the
forthcoming book, “The Pursuit of Impact” and an active advocate for Middle East Peace. Mr. Ashkar
resides in Washington, D.C. with his wife Tanya and three children, Nano, Layan and Adam. In D.C.
Ahmad is Chairman of the Board of Falafel Inc which he founded in 2016 and serves as an adviser
to the economic development department of George Mason University and is a guest lecturer at
MIT Sloan, Georgetown, AUB and the Hult International Business School – where he earned his
MBA in international business and was the 2015 alumnus of the year.
2016
Previous
winners
The Hult Prize alumni of
winners and finalists are
changing trajectories and
restoring hope in our youth.
BuuPass
2013
IMPCT 2014
IMPCT are the winners of the 2015
Hult Prize and are the world’s first
impact trade company, where they
Aspire Food Group
use specialty coffee to build quality
preschool education at origin. Impact
trade is a new development and Aspire Food Group is the 2013 winner
business model whereby products are of the Hult Prize. A commercial
sourced from vulnerable communities manufacturer of alternative protein
and the proceeds from sale are sources such as insects, Aspire has
invested, not donated, into proven re-imagined the livestock industry
interventions at origin. This impact and as a result has created an
trade model is a response to mounting innovative sector, which they are
evidence that popular ethical product currently leading in the automated
models have failed almost completely manufacturing of insects as a protein
in their goal of improving the lives of
NanoHealth
Local and international manufacturing
those who need it most.
facilities weaved into a micro-works
Their impact trade Coffee for the NanoHealth is a social enterprise business model has led to the rapid
Future program sources specialty specializing in chronic disease scale of an organization the United
coffee from poor communities and management in urban slums. Nations calls “a company whose
transparently invests 100% of the NanoHealth creates a network of time has come” for their disruptive
revenue back into local women to community health workers called approach to global food insecurity.
build and own Playcare preschools. “Saathis” and equips them with
Through this model they’ve quickly low-cost point of care devices called
become one of Asia’s largest specialty Doc-in-a-BagTM. With the help of
coffee retailers and have built schools the right care model and scalable
in El Salvador, Guatemala, and South technology, NanoHealth promises a
Africa with upcoming projects in winning model for the fight against
Kenya and Tanzania. You can read chronic disease and aims to prevent a
more about their Coffee for the Future million premature deaths every year.
model at their new http://forthefuture. NanoHealth is currently scaling its
co website.” services in South India where it is the
official healthcare data supplier to the
government
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2017 Challenge:
Reawakening
Human Potential
Building sustainable, scalable startup enterprises
which restore the rights and dignity of one million
refugees by 2022.
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Darell Hammond Neal Keny-Guyer Muna AbuSulayman
Founder, KaBoom! CEO, Mercy Corps Media Personality and
Philanthropist
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2017 Hult Prize Finalists
This year’s finalists have been selected from a pool of over
50,000 participants, representing more than 100 countries.
They impressed judges that included top-tier executives from
the private, public, and nonprofit sectors. Their start-ups are
innovative, disruptive, catalytic, and now one step closer to helping
refugees around the world.
Roshni Rides is a transportation network company U-gas is a social enterprise that provides dry toilets
that provides accessible, affordable and reliable to refugees and uses the biowaste to generate
public transportation for urbanized refugees living revenues from the sale of biogas and fertilizer. Toilets
in informal settlements in South Asia. Roshni Rides are cleaned daily through a subscription basis and
optimizes the existing infrastructure of rickshaws and the biowaste is collected weekly. A biodigester is
drivers to create a formalized A to B shuttle service. used to convert the fecal matter to a commercialized
Paired with ridesharing, the solution has driven down product and then sold through pre-negotiated supply
transport costs and made it more accessible. Roshni agreements.
Rides utilizes routes and a card transaction platform
Dry toilets and biodigesters are proven technologies,
inspired by the New York City Subway system to
and there are numerous companies around the world
create a reliable service. Pricing is controlled through
deploying these technologies. However, none are
the purchase of a preloaded Roshni Card, similar to a
focused on forced migrant and refugee communities
metrocard, to use the service. Roshni Cards guarantee
and that’s where U-gas comes in. Pilot locations in
that customers will pay a fixed price rather than having
Mexico have proven that there is high-demand for dry
to face haggling and price uncertainties. Roshni Rides
toilets in the resettlement communities.
is a private solution to a public problem.
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University of Waterloo University of Calgary
EPOCH is the first B2B digital platform to empower Kwado is a mobile to text message based job-
socio-economic integration by connecting refugees matching platform that connects employers
to local communities through a skills exchange (corporations, contractors, private individuals) to low-
marketplace. An enterprise solution which leverages to-mid wage prospective workers in the construction
Software as a Solution (SaaS), EPOCH has built a industry. Once a track record is established, the
robust technology platform which it is licensing platform then connects workers to a skills upgrading
to governments, aid organizations and private pathway based on industry demand and user interest.
companies to directly access refugee and migrant The skill-matching system is designed to transform
communities more efficiently at the integration stage. the way people are trained and provides a roadmap
Lack of direct access by members of a community to to continuously find “upgraded” work. This platform
newcomers is costing the world billions. In 2016 alone, bridges the gap between labor demand and labor
the EU spent $20 billion and N. America sepnt $4.6 supply by training workers on the skills urgently
billion on resettlement services for newcomers . Under needed in growing industries and connecting them to
this premise, EPOCH was created. EPOCH aims to the formal and informal job market through a digital
build resilient communities where both refugees and matching system. Workers are constantly rated and
community members can thrive together. certified to ensure consistency and quality.
Empower is a digital content provider with a Dignify is building one of today’s largest refugee
proprietary software technology called EmpowerNet workforces by employing them to fulfill digital work
- an innovative web browser that provides emerging secured from Fortune 1000 corporations and beyond.
markets with accessible, affordable, and fast access A proprietary digital algorithm matches refugees with
to content on the internet - without the need of employment opportunities on the Dignify network.
mobile data. Through “Last Mile Internet Caching” the Dignigy uses the digital economy and 93% connectivity
delivery of web content is done through downloading rates to solve the problem of unemployment amongst
it once from the internet and making it available to refugees. The Dignify platform is accessible via mobile
an entire community without incurring costs for each phone, tablet, or desktops and enables a seamless
user. The innovative product manages demand and connection between refugees and on-demand digital
optimizes data usage to provide affordable access to work needs of companies. This turn-key platform will
the internet. Installations are maintaned through local map out and resolve host country law, payment, and web
partners such as UNHCR, keeping startup costs low hosting hurdles. Based on current traction, it is estimated
and include very little hardware to get fully operational that Dignify will employ and restore income to 2.5 million
WiFi hotspots in refugee camps and urban slums up refugees by 2022 and improve economic outcomes for
and running. This technology closes the access gap otherwise struggling, host countries.
for refugee communities around the world.
hultprize.org 16
Hult Prize Incubator
The world’s largest incubator for social enterprise.
A custom tailored, 8-week program hosted in a castle.
The Hult Prize business incubator is a classes, speakers, workshops, pitches, people across disciplines to solve well-
cutting-edge, seven-week program that and multi-disciplinary expert coaches and defined challenges through rapid ideation,
runs every summer at Hult International mentors who guide the startups through prototyping, iteration, and measurement.
Business School’s Ashridge Estate some of their most critical inputs.
campus in the UK. Each week of the program challenges
The incubator supports teams as they teams to meet milestones and compete
Each year, the top finalist startups from register legal entities, draft founders’ across multiple competency areas for the
the various on-campus, in-country and agreements, brainstorm ideas, pilot their opportunity to present as one of the six
global Hult Prize funnels are provided with offerings, design their marketing materials, finalists of the Global UN Hult Prize Finals.
living and working spaces, along with the refine business models, prototype, secure
opportunity to hone their business skills, their first customers, and finalize business The incubator is a central element of
network with business and academic plans. There is a deliberate focus on real, the Hult Prize process, and seeks to
leaders, register their entities, and prepare market-driven artifacts and results. ‘graduate’ startups whose teams are fully
for launch. engaged, companies bankable and whose
The Hult Prize approach involves bringing products and services are ready for
The innovative program includes weekly together some of the most passionate market launch.
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Program Structure
Each week, startups focus on one broad investors and expert judges from leading Incubator
topic (seven in total throughout the corporations and academic institutions Key Statistics
program), spend one day in the classroom, and receiving detailed actionable
four days in the field, and pitch to an feedback.
400+
audience of judges on Friday. Topics
range from understanding your customer Workshops Workshops at the Hult Prize
to refining your business model. Incubator take place once or twice a
week, and they are held in an open hours of support in
Facilities Hult Prize provides every team classroom setting. Entrepreneurs work one-on-one sessions by
with state-of-the-art office space that within teams on the assigned exercises, more than 80 experts
includes classrooms, an auditorium, with a particular emphasis on hands-on investors, coaches,
a cafeteria, and mail/print services. learning and results. judges, speakers,
Entrepreneurs are also provided with and entrepreneurs
shared living spaces that include social Networking Networking activities are an
opportunities and custom content in an
informal and friendly setting.
integral part of the incubation program, as
they help entrepreneurs develop personal 14
relationships with fellow competitors,
expert-run workshops
Coaching Coaches spend a minimum build lifelong friendships, broaden their
are guided by the
of 2-4 hours per week working closely networks, and cross-pollinate ideas.
incubator guided teams
with the teams to help draft business
The Hult Prize support team includes: through a seven-work
plans, refine business models and value
curriculum
proposition, secure their first customers, U7H=CB7C57<9G
build partnerships, and gain access to
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the opportunity to sign up for one-on-one working directly
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support and ongoing mentorship. in one-on-one sessions
with VIP speakers
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corporate and
foundation
supporters provided
content to the
accelerator program
hultprize.org 18
Hult offers a global education on
modern campuses in Boston,
San Francisco, London, and Dubai
with rotation centers in Shanghai
and New York.
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2017
UN Global Goals
Weeks
The Hult Prize Foundation is honored to kick off United Nations
Global Goals Week 2017– a collective effort to maximize the value
of events and activations held during UN General Assembly week
and focused on driving progress toward the Sustainable Development
Goals.
Global Goals Week was originally Foundation and the World Economic
piloted last year by organizing partners Forum, positioning the week as a strong
Project Everyone, the United Nations platform for collective action in support
Development Programme (UNDP), and of the SDGs, maximizing the impact of a
the United Nations Foundation. This variety of events, public activations, and
year, the Hult Prize has come on as a digital surges that are all designed to raise
founding partner and joins more than a awareness and spur progress toward
dozen new partners who have joined the achievement of the global goals.
effort, including the Bill and Melinda Gates
Kathy Calvin
President & CEO of the
UN Foundation
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Global Hult Prize
Regional Finalists
N. America (Atlantic) National Chengchi University
Northwestern University
Northwestern University
Royal College of Art
Management
University of Virginia
Babson College Ontario College of Art and Design Sabanci University VERN University of Applied Sciences
Boston College Oregon State University Sciences Po, Paris Western University
Brandeis University Pinchot University Stockholm School of Economics York University-Schulich School of Business
Brown University Saint Mary’s College of California Universitas Indonesia
College of William & Mary Stanford University Universitat Pompeu Fabra-Barcelona School Asia
Columbia University Tecnológico de Monterrey of Management
Asian Institute of Management
Cornell University The American University in Cairo University of Birmingham
Australian National University
Duke University The British University in Egypt University of Cambridge
Bangladesh University of Engineering and
Earlham College The Ohio State University University of Cambridge-Judge Business
Technology
ESADE Universidad de Oriente School
Binus International University
Faculdades Integradas Rio Branco Université de M’hamed Bougara University of Exeter
BRAC University
George Washington University Boumerdes University of Jordan
Chinese University of Hong Kong
Georgia Institute of Technology University of Calgary University of Manchester-Manchester
Dankook University
Harvard Business School University of California, Berkeley Business School
Foreign Trade University, Vietnam
Harvard University University of California, Irvine University of Oxford
Griffith University
HEC Montreal UCLA-Anderson School of Management University of St Andrews
Hitotsubashi University
Hult International Business School, Boston University of California, San Diego University of Strathclyde
Hong Kong University of Science and
IIT Indian Institute of Technology, Kharagpur University of California, Santa Barbara University of Tunis
Technology
Indiana University University of California, Santa Cruz University of Warwick-Warwick Business
Hult International Business School,
Johns Hopkins University University of Cambridge School
Shanghai
Massachusetts Institute of Technology University of Central Florida University of Zurich
IE University
McGill University University of Chicago-Booth School of Waterloo University
Indian Institute of Technology
Monterey Institute of International Studies Business York University-Schulich School of Business
J. F. Oberlin University
at Monterey University of Hawai’i at Manoa
New York University-Steinhardt School University of Michigan Middle East Monash University
Nanyang Technological University
of Culture, Education, and Human University of Notre Dame
American University of Nigeria National University of Singapore
Development University of Saskatchewan
Amity University Ontario College of Art and Design
Northeastern University University of Southern California
Ashesi University, Ghana Peking University-HSBC Business School
Northwestern University–Kellogg School of University of St. Thomas-Opus College of
Ashoka University RMIT International University Vietnam
Management Business
Asian Institute of Management Shanghai Advanced Institute of Finance
Princeton University University of Tampa
Aston University Sophia University
Queen’s University–Smith School of University of Toronto-Rotman School of
Bangladesh University of Engineering and Surya University
Business Management
Technology Tsinghua University
Rutgers University Vanderbilt University
Bocconi University-SDA Bocconi School of University of Cambridge
Tecnológico de Monterrey Warwick Business School
Management University of International Business and
University of California, Irvine-The Paul York University-Schulich School of Business
British University Economics
Merage School of Business
University of Central Florida Europe Chinese University of Hong Kong
Delhi Technological University
University of Macau
University of Nottingham, Ningbo, China
University of Cincinnati-Carl H. Lindner University of Pennsylvania
Africa University École Centrale Paris
College of Business University of Shanghai for Science and
American University in Cairo Erasmus University-Rotterdam School of
University of Iowa Technology
Aston University Management
University of Pennsylvania University of Southern California
Ateneo De Manila University ESADE
University of Tampa University of Tokyo
Audencia School of Management HEC Paris
University of the West Indies, Mona University of Toronto-Rotman School of
Birla Institute of Technology & Science, Hult International Business School, Dubai
University of Virginia Management
Pilani-Goa IE Business School
University of Waterloo Vietnam National University
Bocconi University-SDA Bocconi School of Indian Institute of Technology, Kharagpur
University of Western Ontario Xingwei College
Management Indian School of Business
University of Wisconsin-Madison School of Yonsei University
Boise State University INSEAD
Business York University-Schulich School of Business
British University Egypt Institute of Management Technology,
Villanova University The University of Tokyo
Central European University Ghaziabad
Washington University-Olin Business School Tsinghua University
Chinese University of Hong Kong Isra University
Yale University University of International Business and
Cornell University-Samuel Curtis Johnson Johns Hopkins University
York University-Schulich School of Business Economics
Graduate School of Management King Abdullah University of Science and
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