DLSU to host quarterfinals of Hult Prize Competition 2016
This is a press release from Hult Prize.
MANILA, Philippines - For the first time, De La Salle University has been selected to host the campus edition of the Hult Prize competition. This year, students will address the president’s challenge on crowded urban spaces and go head-to-head for the $1,000,000 (P47.14 million) Hult prize.
This initiative is led by Campus Director Darrel Francis Luistro who is also a graduating Financial Management student of the university.
The Hult Prize, also known as the “Nobel Prize for Students,” is a start-up accelerator for budding young social entrepreneurs emerging from the best universities worldwide. It is the world’s largest student competition and crowdsourcing platform for social good.
It has also been regarded as one of the top 5 ideas changing the world by President Bill Clinton and TIME Magazine. Millenials around the world are challenged to develop innovative social enterprises that tackle grave issues faced by billions of people around the world. Winners receive $1 million in seed capital as well as mentorship and advice from the international business community.
The 2016 President’s Challenge is focused on addressing the problem of crowded urban spaces, an issue specifically chosen by President Clinton. Solving the problem can be done by generating income through connecting people, products, capital and services.
Addressing the global issue is important since there are almost 1.5 billion people living in crowded spaces worldwide. People are unable to make enough money, reach their destinations, and are living in unsafe spaces lacking infrastructure and access to basic services.
In the words of Clinton, “The Hult Prize is an exceptional example of how young people from all over the world have turned out, in mass, to build solutions that aim to solve some of the world’s most difficult challenges.”
On 11 December, the Hult Prize at De La Salle University Grand Finals will be held at the Natividad Fajardo-Rosario Gonzalez Auditorium in the Bro. Andrew Gonzalez Building of the university.
From more than 30 teams coming from DLSU’s undergraduate, graduate and PhD programs that applied, the final Top 12 teams have been selected and will pitch their start-up ideas in front of an elite panel of judges.
The winner of the first Hult Prize at DLSU will automatically advance to compete in one of the 5 regional locations such as Shanghai, Dubai, London, San Francisco and Boston.
The final event is open to outsiders as audience members. Audience members will not only get to witness the Top 12 Teams with their final pitch but also participate in the exciting activities throughout the day. – Rappler.com
$1 = P47.14