Vlerick students participate in world’s largest student competition in quest for social good
Two mixed teams of MBA and Masters students at Vlerick Business School have advanced to the regional finals of the 4th Annual Hult Prize, going head-to-head with other global top-tier schools. 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 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 planet’s 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. Each team selected was chosen from more than 10,000 applications received, totalling over 350 colleges and universities, representing over 150 countries. The Hult Prize regional competitions will take place on March 1 and 2. Our school will compete in Dubai and London.
- Team 1 - Dubai Regional: From left to right: Glen Fernandes (Indian), Jason Weiland (American), German Sakaev (Russian), Eleni Damianou (Cyprian) and Ward Capoen (Belgian).
- Team 2 - London Regional: From left to right: Liubov Fedotova (Russian), Kshitish Balhotra (Indian), Hemalatha Sekizhar (Indian), Ansel Chien (Taiwanese) and Hunter Tanous (American).
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 – a challenge personally selected by Bill Clinton. Vlerick student Hunter Tanous from the London team adds, "The world is dominated by an increasingly urban landscape, finding solutions to urban food insecurity means the difference between a world where cities bring the image of poverty and slums or that of prosperity and progress, and we at Vlerick are up to the challenge."
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 by none other, than Bill Clinton.