About hult prize

The Hult Vision

The Hult family has been dedicated to opening the world through education for more than 50 years. Since founding EF, Education First, Bertil Hult’s vision has been to provide life changing education and transformative experiences to people everywhere. Today, EF is run by his three oldest sons, and offers cultural exchanges, educational travel, language training and degree programs in 53 countries. The Hult Prize is made possible through the ongoing support of the Hult Family.
The Hult Prize is home to the world’s largest college and university network for impact. The OnCampus Program operates on over two-thousand college campuses on five continents and is made up of students, university administrators, professors and alumni who participate in the program as mentors, speakers and sponsors for events, workshops and startup competitions which are organized under the Hult Prize Banner.

FAQ

What is Hult Prize?

The Hult Prize Foundation transforms how young people envision their own possibilities as leaders of change in the world around them. With a US$1,000,000 global startup prize as its anchor activity, the Hult Prize has brought impact-focused programs, events and trainings to over a million students globally, creating a pathway for youth everywhere to take action to build a better world.

Who is eligible to compete?

Students from any college or university in the world are invited to form teams of 3-4. You are considered a student if at the time of application submission, you have not yet graduated. Alumni and faculty are not allowed to be official team members.

Can individuals apply?

No. While only teams may compete, individuals who cannot form a team but are interested in competing should join the Facebook community to find others individuals who are looking to form teams.

Why give US $1,000,000

The Hult Prize remains the largest start-up program in the world for early stage social venture. The US$1,000,000 helps us move normally full profit motivated business minds into game-changing social entrepreneurs. Our community often give up jobs at Goldman, becoming doctors and attorneys and other big paying jobs to pursuit careers in impact.

Are participants supposed to solve a specific problem?

Yes. Each year, a pressing social challenge is selected by President Clinton and becomes the theme for the respective cycle. The 2020 Hult Prize Challenge provides a specific and measurable objective that each participating team is intended to solve through the creation of a sustainable enterprise. In March, selected participants are invited to pitch their start-ups that specifically address the challenges identified in that year’s challenge. A clearly defined framework is also provided to ensure your idea contains the necessary qualities and mandates to be an innovation breakthrough.

Why the United Nations?

The Hult Prize is proud to be one of the few programs that is partnered with the United Nations Office for Partnerships.