Lahore School of Economics in Regional Finals of Annual Hult Prize
February 08, 2013
Lahore School of Economics has advanced to the regional finals of the fourth Annual Hult Prize being held on March 1-2, 2013 in Dubai. The Hult Prize is the world’s largest student competition and crowdsourcing platform for social good, recently named one of the top five ideas changing the world by President Bill Clinton and TIME Magazine. In partnership with the Clinton Global Initiative, the innovative crowdsourcing platform identifies and launches disruptive and catalytic social ventures that aim to solve the planets most pressing challenges. Student teams compete in five cities around the world for a chance to secure USD 1 million in start-up funding to launch a sustainable social venture.
The 2013 Hult Prize is themed around global food security and will focus on how to get safe, sufficient, affordable and easily accessible food to the 200 million people who live in urban slums.
“The Hult Prize is thrilled that Lahore School of Economics has joined the initiative,” said Dr. Stephen Hodges, President of the Hult International Business School. “This year’s competition has received a record number of entries, bringing together some of the most talented students to help solve global food security which can benefit nearly a billion people.”
Ahmad Ashkar, CEO and Founder of the Hult Prize attributes the success of the competition to the global youth revolution and said, “We continue to be moved by the large number of students from around the world who are capitalizing on the opportunity to develop business models that target the bottom of the pyramid.” “We wish every team the best of luck and thank Lahore School of Economics for supporting this initiative.”
Each team selected was chosen from more than 10,000 applications received, totaling over 350 colleges and universities, representing over 150 countries. The Hult Prize regional competitions will take place on March 1 and 2, 2013 on Hult International Business School’s five campuses in Boston, San Francisco, London, Dubai and Shanghai. Lahore School of Economics will compete in Dubai.
Following the regional finals, one winning team from each host city will move into 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 competition will be hosted by the Clinton Global Initiative at its annual meeting in September, where CGI delegates will select a winning team, who will be awarded the USD 1,000,000 Prize.
Lahore School of Economics’s team members include Jawad Nasir, Muhammad Shahzeb Ali Rathore, Muhammad Waqas, Ali Raza and Muhammad Taimoor Khan.
“The Hult Prize is thrilled that Lahore School of Economics has joined the initiative,” said Dr. Stephen Hodges, President of the Hult International Business School. “This year’s competition has received a record number of entries, bringing together some of the most talented students to help solve global food security which can benefit nearly a billion people.”
Ahmad Ashkar, CEO and Founder of the Hult Prize attributes the success of the competition to the global youth revolution and said, “We continue to be moved by the large number of students from around the world who are capitalizing on the opportunity to develop business models that target the bottom of the pyramid.” “We wish every team the best of luck and thank Lahore School of Economics for supporting this initiative.”
Each team selected was chosen from more than 10,000 applications received, totaling over 350 colleges and universities, representing over 150 countries. The Hult Prize regional competitions will take place on March 1 and 2, 2013 on Hult International Business School’s five campuses in Boston, San Francisco, London, Dubai and Shanghai. Lahore School of Economics will compete in Dubai.
Following the regional finals, one winning team from each host city will move into 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 competition will be hosted by the Clinton Global Initiative at its annual meeting in September, where CGI delegates will select a winning team, who will be awarded the USD 1,000,000 Prize.
Lahore School of Economics’s team members include Jawad Nasir, Muhammad Shahzeb Ali Rathore, Muhammad Waqas, Ali Raza and Muhammad Taimoor Khan.
Labels: Entrepreneurship, Hult Prize
posted by S A J Shirazi @ 2/08/2013 11:56:00 AM,
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