UniIlorin To host Hult Prize 2017 Local Edition


Hult
Prize has recently selected University of Ilorin to host a local
edition of the Hult Prize, the world’s largest student competition for
the creation of new social businesses.
The annual Hult Prize
awards one million dollars in start-up funding to the team of students
that develops the most radical and breakthrough idea to solve one of the
world’s toughest social challenges.
Hult Prize Foundation is a
Non Profitable Organization (NGO) dedicated to launching the world’s
next wave of social entrepreneurs. It encourages the world’s brightest
business minds to compete in teams to solve the planet’s biggest
challenges with innovative ideas for sustainable start-up enterprises.
Annual Hult Prize winners can make their ideas reality with the help of
USD1 million in seed funding.

The
Hult [email protected] Initiative is the quarterfinal round of the annual USD1
million Hult Prize Challenge, bringing the competition directly to
college campuses around the world. This international program allows
student leaders on campus to organize their own localized version of the
Hult Prize, using a turn-key tool kit and the support of dedicated
staff at the Hult Prize Foundation.
The local competition gives
the university’s winning team the chance to bypass the general
application round, and fast-track into one of the five regional finals:
Boston, San Francisco, London, Shanghai, or Dubai.
Run entirely by
student campus directors, Hult [email protected] gives students a vital role to
play in changing the trajectory of some of the world’s toughest
challenges, starting in their own communities and countries.
Speaking
on the opportunities open to students by Hult Price Initiative,
UniIlorin Campus Director, Olorunjuwon Bello said Nigerian students are
better ready to solve the World’s pressing challenges and urged them to
take advantage of the opportunities the event has to offer.
“It’s
not every day that you have an opportunity to change the world. A team
of you will be representing all of us at the upcoming Hult Prize
Regional Finals happening on March 3rd to 4th, 2017 at London/ Dubai/
Boston/ Shanghai/ San Franscisco. This is our chance to show the world
that we are truly “Better by Far” in solving the world’s pressing
challenges and the emergence of the change agents starts from Nigeria.”
as rightly said by Olorunjuwon Bello, the Campus Director for Hult Prize
at the University of Ilorin.”
Bello also disclosed that the
winner of the intra-campus events would advance to the next level. “The
winner of the intra-campus event will automatically advance to compete
in one of five regional finals happening around the world in Boston, San
Francisco, London, Dubai and Shanghai next March.
“One winning
team from each host city will then move onto a summer business incubator
where participants will receive mentorship, advisory and strategic
planning as they create prototypes and set-up to launch their new social
business. A final round of the competition will be hosted in September
2017, where the winning team to be awarded the $1000, 000 prize by
former President Bill Clinton himself.
“This is a great
opportunity for the University of Ilorin and Nigeria at large to solve
one of the most pressing challenges facing the world. We believe that
the change agents are emerging from Africa and as such equal opportunity
must be given to make them achieve this call to serve humanity.” Bello
noted.

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