The Hult Prize is the world’s largest student competition for budding social entrepreneurs and every year, welcomes college and university students from all around the globe. From more than 50,000 applications received every year, one winning team will receive USD 1 million in seed capital, as well as mentorship and advice from the international business community.
RNI is honoured to be the official host of the Hult Prize at UofT again this year. In partnership with the United Nations, the Hult Prize Foundation hosts college and university events around the world in search of the next game-changing start-up. 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 our world’s toughest social challenges. The winner of the intra-campus event will automatically advance to compete in one of fifteen regional finals happening around the world 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 competition will be hosted in September 2018, where the winning team to be awarded the $1,000,000 prize.
For the fourth year in a row, a special quarterfinal qualifying round will be held for the Hult Prize at the Rotman School on December 2. This year’s challenge focuses on harnessing the power of energy through one of six dimensions: food, water, mobility, connectivity, education, and health. Shonakshi Chaubal, MBA’18, will be leading the Hult Prize at the University of Toronto initiative, and is confident that her peers on campus have as good as chance as anyone to go all the way with this year’s Hult Prize. “Teams from UofT are poised for success in the Hult Prize competition,” says Shonakshi. “The UofT’s unique location, at the heart of Canada’s innovation capital, along with the breadth of world-renowned programs it offers, enables students to perform well through cross-disciplinary collaboration and leveraging the vast UofT network. In previous years, the most successful teams were the ones that were able to take advantage of this and I look forward to seeing the next generation of social entrepreneurs at UofT come together this year.”
The UofT has a reputation for excellence at the Hult Prize regionals. In the 2015 competition, Team Attollo, composed of MBA students and alumni from UofT’s Rotman School of the Management, reached the global final. The 2016 challenge saw four UofT teams reach the regional finals held in Dubai, San Francisco, London UK and Shanghai. Last year, three UofT teams advanced to regionals, with two of those teams composed of Rotman students.
The Information Session on October 12 will provide addition details for students who are interested in participating in the qualifying round, including further details on the challenge and the chance to meet students from across campus to form teams. Further information and registration for the session can be found here.
The Hult Prize@UofT is made possible each year through the support and sponsorship of Rotman Net Impact. Rotman Net Impact is the principal student club at Rotman dedicated to sustainability, and has been supporting the Hult Prize @ UofT for over 4 years.
Hult Prize@UofT is now recruiting teams who are interested in registering for the competition. To learn more, contact: email@example.com
or Rotman Net Impact: NetImpact@Rotman.Utoronto.Ca