Hult Prize is a social entrepreneurship challenge that is open to anyone worldwide. It has also been named as one of the top five ideas changing the world by President Bill Clinton and TIME Magazine.
It has invited universities/institutes in Pakistan to host the Million Dollar Hult Prize Challenge event.
Winners of the Hult Prize Challenge can win $1 million. This year, the Hult Prize 2017 Case Challenge is: “Refugees – Reawakening Human Potential.”
Pakistan has the second largest refugee population in the world. The 2017 Challenge is very relevant to Pakistani students who can design social entrepreneurship programs to address the refugee crisis in the country.
Nominations can be sent at [email protected]
About Social Entrepreneurship
In the US and other developed nations, investors are increasingly looking to invest into social enterprise (JPMorgan estimates $46bn in 2014). Technology stalwarts of Silicon Valley are also shifting focus towards models of social enterprise (Zuckerberg, etc.). Even Michael Porter (Porter’s 5 Forces), Harvard’s famed strategy guru who founded the Monitor Group, is now 100% focused on re-aligning for-profit products and services around improving customer outcomes (social enterprise).
Yet the billion dollar social enterprise opportunities are not in San Francisco or Boston – they are on the doorstep of Karachi, Mumbai, Shanghai, Beirut, Athens, Astana, Brasilia, Accra, and many more. These are the nations fighting the world’s economic and social battles. They face great challenges educating, feeding, healing, and caring for billions of people. Consequently, they will have the greatest opportunities for market-driven innovations.