In just over a decade, the foundation has deployed more than $100M into the impact sector which it helped create. Operating on more than 1500 college and university campuses in 121 countries with a global team of more than 30,000 staff, student volunteers and changemakers the Hult Prize continues to be a disruptive global leader in education, soft skills training and entrepreneurial development for the 21st century.
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.
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.
There are multiple programs, and multiple rounds of competition that can further be explores in our Programs Section at the top. Your goal is to make it to the Global Accelerator, to work, learn and play as you develop your game-changing enterprise. The top 50 companies from around the world advance here, a step before Finals. From there, six companies are selected to pitch for USD1,000,000.
There is funding and mentorship throughout. There are two ways to become part of the top 50:
1) Win a Regional Summit Final
2) Win a Wildcard Round.
There are two ways into a Regional Summit, either you win an On-Campus Hult Prize which may or may not be happening at your university, or you submit into the general application window. Regional Summit cities are always changing; for our 2020 cycle the cities will be announced soon so stay tuned! Once the top 50 are selected, they come to the world’s biggest incubator for social enterprise and from there, our team and network of over 25,000 coaches, advisors and mentors work to make your idea real. After 5-weeks a final six are selected to pitch at Finals & Awards Gala. The winner gets the coveted USD1,000,000 Hult Prize.
The winning student team and their new start-up. Each year the Hult Prize provides one million dollars in seed capital to the winning impact enterprise of it’s flagship program. The prize money is seeded into the newly created company, which will be run by the student team who came up with the idea. 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.