Hult Prize at Tokyo Tech
Published: November 27, 2018
The teams from Tokyo Institute of Technology for the Hult Prize are determined to win the Final. It will be the first time in the history of Tokyo Institute of Technology.
Date and Time
Saturday, December 8, 2018 13:30 -
About HULT PRIZE
In 2009, an enterprising MBA student at Hult International Business School named Ahmad Ashkar had a compelling idea—leverage the crowd to generate startup ideas from young people to sustainably solve the world's most critical social challenges. Through the help of Hult, he acted on it. Today, the Hult Prize is the world's biggest engine for the launch of for-good, for-profit startups emerging from universities with over 2500 staff and volunteers around the world. In nearly a decade, the movement has deployed more than $50M of capital into the sector and mobilized more than one million young people to re-think the future of business as it continues to breed disruptive innovation on college and university campuses across 100+ countries. The Hult Prize Foundation, also called the ”Nobel Prize for Students”, has been featured in a TIME Magazine Cover Story, highlighting the “Top 5 Ideas Changing the World.”
Each year, a critical social problem is selected and the Hult Prize Challenge challenge is announced by President Bill Clinton. Teams of 3-4 students are challenged to develop a tailored innovative start-up enterprise to eradicate the problem. Access to Education. Clean water. Affordable housing. Clean energy. Solar Power. Food insecurity. Healthcare. These are a few of the issues which the participants have tackled since the competition's inception.
The UN has announced a list of 18 SDGs in 2016. One of the most important goals is goal 8 – Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Even the Nobel laureate, Prof. Muhammad Yunus envisions a world of 3 zeros, namely, 0 poverty, 0 carbon emission, and 0 unemployment, by 2030. Youth are the backbone of a nation as they determine the consumption and production of products, and have a gargantuan impact on the economy. Youth unemployment is the elephantine issue which governments are tackling across the globe in developing countries, which is why HULT prize and Mr. Bill Clinton have chosen ‘Youth unemployment' as the pressing issue for the next HULT prize challenge for 2018-2019.
The 2019 HULT Prize is an invitation to student-led teams around the world to innovate and ignite the ideas that can be scaled to improve the lives of millions of unemployed youngsters across the world.
HULT Prize and Tokyo Tech have come together at the perfect timing. With an enhanced new vision of nurturing and developing leaders to lead the world into the future, by leveraging on their technological strengths, to solve the pressing challenges of the society, Tokyo tech is now one of the elite top-ranking public universities in Japan. Hult Prize Tokyo Tech perfectly aligns the University's vision and will act as a catalyst to broaden the students' horizons.
Please see the following for more information.