"One of the top five ideas
changing the world."

President Bill Clinton

"Empowering business minds
to pursue purpose."

Ahmad Ashkar

The 2016 Challenge

CROWDED URBAN SPACES

Doubling the incomes of 10M crowded
urban space dwellers by 2022.

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Hult Prize Final

at Clinton Global Initiative

New York, September 26, 2016


Meet the Judges

Muhammad Yunus

Nobel Laureate
Founder, Micro-finance
 
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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

Former Prime Minister
Australia
 
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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

Founder & Vice Chairman
Aramex
 
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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).

Mo Ibrahim

Founder & Chairman
Mo Ibrahim Foundation
 
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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.

Charles Kane

Chairman
One Laptop per Child Foundation
 
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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.

Meet the Six

  • Team Magic Bus

    From:

    Earlham College

    Start-up Concept:

    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.

  • Musana Carts

    From:

    Hult International Business School

    Start-up Concept:

    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.

  • Simprints

    From:

    University of Cambridge

    Start-up Concept:

    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.

  • Team Anchor

    From:

    University of Ghana

    Start-up Concept:

    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.

  • Team Synergy

    From:

    BRAC - Bangladesh

    Start-up Concept:

    Synergy provides entrepreneurs a collaborative business platform which vastly expands their reach and connects them with capital, goods, and partners through a human network.

  • To be Determined

    From:

    Wildcard

    Start-up Concept:

    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!

Hult Prize by the Numbers

  • 10M Slum Dwellers Targeted 2015 Hult Prize stretch target for individuals impacted by winning idea.
  • 2.5M Million Man Hours Estimated for 2015. Total applications multiplied by average hours spent per team per challenge via poll of past participants.
  • 21K Annual Applications Total number of applications in all rounds of 2015 Hult Prize.
  • 1500 Entrepreneurs Participating in the regional finals in 2015.
  • 1250 Social Business Ideas Generated Sum of all regional finalists teams through 2014 competition.
  • 600 Schools Represented In total since the inaugural year (2009).

Nanohealth

The 2014 winners of the Hult Prize

Learn More

Aspire Foods

The 2013 winners of the Hult Prize

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Press

Social entrepreneurship: business smiles

"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."

Changing the Social Conscience of Business Students

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?

Can insects end world hunger?

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.