Two teams of Vlerick students advance to regional finals of Hult Prize
Two teams with students from the full-time MBA and from the Masters in Marketing Management programme at Vlerick Business School have been selected for the regional finals of the fifth annual Hult Prize, the world’s largest student competition. The Hult Prize is a start-up accelerator for social entrepreneurship, which brings together students from top-tier schools around the globe to solve the world’s most pressing issues. They are competing head-to-head in six cities around the world for a chance to secure $1 million in start-up funding to launch a sustainable social venture. The competition is organised in partnership with the Clinton Global Initiative.
The 2014 Hult Prize will focus on the 250 million slum dwellers around the world suffering from chronic diseases who need help – a challenge personally selected by President Bill Clinton. Ahmad Ashkar, CEO and Founder of the Hult Prize, attributes the success of the competition to the shift in the global economy and the millennial generation’s refusal to live in a world with inequality, “We are giving entrepreneurs from around the world a platform to innovate and revolutionize the way we think about servicing the poor.”
Each team selected was chosen from more than 10,000 applications received from over 350 colleges and universities in over 150 countries. The Hult Prize regional competitions will take place on March 7 and 8, 2014 in Boston, San Francisco, London, Dubai, Shanghai and Sao Paulo.
The Vlerick Dubai team consists of Sharankumar Shah (India), Nastasia Vanparys (Belgium), Graceven law (Indonesia) and Joe Esteves (Peru).
The Vlerick London team consists of Sabrina Weymiens (Belgium), Petrus Herpoele (Belgium), Kristen Lynch (US), Diana Sierra (Colombia) and Margie Gniech (Poland).
Following the regional finals, one winning team from each host city will move into a summer business incubator, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set-up to launch their new social business. A final round of competition will be hosted by the Clinton Global Initiative at its annual meeting in September, where CGI delegates will select a winning team, which will be awarded the US$ 1,000,000 Prize by President Bill Clinton himself.