Doubling the incomes of 10M crowdedurban space dwellers by 2022.
New York, September 26, 2016
Nobel Laureate Professor Muhammad Yunus is the father of microcredit, the father of social business, the founder of Grameen Bank, and of more than 50 other companies in Bangladesh. For his constant innovation and enterprise, Fortune Magazine named Professor Yunus in March 2012 as "one of 12 greatest entrepreneurs of our time."
Yunus has received several other national and international honors. He received the United States Presidential Medal of Freedom in 2009 and theCongressional Gold Medal in 2010. In 2008, he was rated #2 in Foreign Policy magazine's list of the 'Top 100 Global Thinkers'.
Julia Gillard is the Board Chair of the Global Partnership for Education. She comes to the Global Partnership after a distinguished career of public service in Australia. She served as Prime Minister of Australia between 2010 and 2013 and successfully managed Australia’s economy during the global economic crisis.
Education is Ms. Gillard’s passion. She reformed Australia’s education at every level, from early childhood to higher education, with a special focus on disadvantaged children. She delivered new standards to improve the quality of childcare and access to early childhood education for every Australian child.
Fadi Ghandour is the founder and vice chairman of Aramex, one of the leading global logistics and transportation companies. He is the executive chairman of Wamda Capital, a venture capital fund focusing on technology investments in the Arab World.
Ghandour is also the managing partner of MENA Venture Investments, a seed capital investment company investing in early-stage tech companies. He is a member of the board of Abraaj Capital, a member of the board of trustees at the American University of Beirut, and chairman of the advisory council of the Center for Entrepreneurial Development (CED) at the Institute of Business Administration Karachi (IBA).
Dr Ibrahim is the Founder and Chair of the Mo Ibrahim Foundation which he established in 2006 to support good governance and exceptional leadership on the African continent.
Sudanese-born, Dr Ibrahim has a distinguished business career. In 1989 he founded Mobile Systems International (MSI), a world leading cellular consulting and software provider and in 1998, Celtel International, one of Africa’s leading mobile telephone companies which pioneered mobile services in Africa.
Dr Ibrahim is also Founding Chairman of Satya Capital Limited, a private equity fund focused on Africa.
Kane is currently chairman of the One Laptop per Child (OLPC) Foundation and was formerly the president of OLPC, a nonprofit organization that provides technology to enhance education in less developed countries. Prior to OLPC, Kane was a founding investor and CFO of Global BPO Services Corp., a Special Purpose Acquisition Corp. that acquired Stream Global Services.
Magic Bus is an organized text-based ticketing service that aims to make bus transport more reliable and accessible by reducing waiting times and increasing productivity of both commuters and buses. Magic bus will double the income of the bus operators and its community-based ticketing agents. Moreover, it will better position slum dwellers to participate in a broader economic market by supporting financial saving and transportation to opportunities.
Hult International Business School
Musana Carts provides more efficient infrastructure to street vendors in Kampala, allowing them to conduct their business in a safe legal and innovative way. Our cart is powered by solar energy; it is customized according to the activity of the street vendors- for example a fridge for cold beverage business or a stove for street food business. Our product would take the street vendors right to their customers. It is also affordable, after considering street vendors’ appetite for financial risk each Musana Cart will cost $400. This includes access to finance and business training. The combination of time & energy savings and access to more customers with each Musana Cart the average street vendor shall be able to double their income.
University of Cambridge
Simprints is a nonprofit tech company committed to improving the lives of the poor. Accurately linking people to their digital records is a critical bottleneck in the delivery of mobile services in healthcare, microfinance, and aid distribution. We’re building a mobile biometric scanner and open-source software to empower the mobile tools used by researchers, NGOs and governments around the world.
University of Ghana
The University of Ghana, represented by Team Anchor consists of three Graduate students studying MPhil Food Science, MPhil Economics, MA African Studies and one alumini who studied Food Process Engineering. Their mission is to solve the challenge of crowded urban spaces by providing sanitary toilet facilities and compensating slum dwellers on the amount of poop generated monthly thereby eradicating open defecation and associated health related diseases. The concept involves the provision of sanitary toilet facilities positioned at vantage points within the urban slum. This is to improve access to toilet facilities thereby eliminating open defecation which is on the rise in urban slums. Using Ghana as a case study, the Accra Metropolitan Assembly will support in positioning these facilities in the urban slums. Team Anchor seeks to effectively generate biogas from anaerobically digested human fecal matter and further process into organic fertilizer and fuel briquettes. These products seek to address food security and climate change issues the world is facing and also a sustainable alternative for crude oil.
BRAC - Bangladesh
Synergy provides entrepreneurs a collaborative business platform which vastly expands their reach and connects them with capital, goods, and partners through a human network.
The winner of the Wildcard Round will be the final team making up the 2016 Hult Prize Six. The winner will be announced the first week of May, 2016. Pictured behind us is the 2015 wildcard winners, IMPCT - who later went on to win the Global Finals!
"The largest student competition
on earth is about changing the world."
Bertil Hult, Founder of EF Education First
"We didn't launch a startup,
we just created an industry "
Ahmad Ashkar, CEO of Hult Prize
"A brilliant award for a brilliant idea."
Yves Behar, Award-winning industrial designer and entrepreneur.
"If you look globally at what is happening in the developing world, you see that the beneficiary of a charity is moving from being a beneficiary to being a customer, and the corporate sector is integrating social because it knows this is its customer base of the future."
When you think of business school students, what do you think of? Do you view them as the next generation of managers, armed with a Millennial mindset and a solid grounding in business principles?
Ending world hunger is a lofty goal with a United Nations' estimate of 870 million people being uncertain of their food supplies. One start-up is poised to tackle this challenge head-on after winning the 2013 Hult Prize and its $1 million capital investment.