Villanova, PA, February 23, 2015 - The Hult Prize Foundation recently announced that a VSB team has advanced to the regional finals of the sixth annual Hult Prize. The annual Hult Prize Challenge is the world’s largest student competition and start-up platform for social good.
In partnership with President Bill Clinton and 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 $1 million in start-up funding to launch a sustainable social venture.
The 2015 Hult Prize will focus on building start-ups that provide sustainable, high quality early education solutions to ten million children under the age of six in urban slums. This year’s challenge was selected by President Clinton, who said, “The Hult Prize is about more than the solution to the problem, it’s about how the world has to work in the 21st century.”
The VSB team members are Vaibhav Gagrani ‘15 MBA, Bhavana Gagrani ‘15 MBA, and Christopher Ford ‘15 MBA. “The name of our solution is ‘KidMagics’ and we believe that every child is special regardless of his/her social upbringing. It provides us with immense satisfaction to help needy children,” said team member Bhavana Gargani.
Each team selected was chosen from more than 20,000 applications received from over 500 colleges and universities in over 150 countries. The Hult Prize regional final competitions will take place on March 13 and 14, 2015 in Boston, San Francisco, London, Dubai and Shanghai. VSB’s team will compete in Boston on March 13 and 14.
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 and scale their new ventures.
About the Hult Prize Foundation
The Hult Prize Foundation is a pioneer in crowd-based approaches to the development of entrepreneurial ecosystems and the acceleration of social enterprise. Its start-up accelerator brings together the brightest college and university students from around the globe to solve the world’s most pressing issues. The annual Hult Prize Challenge is the world’s largest student competition and crowd-sourcing platform for social good. The Hult Prize Foundation has been funded by the Hult family since it was founded in 2009 by current CEO, Ahmad Ashkar. To learn more, visit www.hultprize.org.
About The Clinton Global Initiative
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of Bill, Hillary & Chelsea Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date, CGI members have made more than 2,500 commitments, which are already improving the lives of more than 430 million people in over 180 countries. When fully funded and implemented, these commitments will be valued at $87.9 billion.
The Villanova School of Business (VSB) is ranked #24 in the nation by Bloomberg Businessweek and has been at the forefront of business education since it was founded in 1922. Serving over 2,500 undergraduate and graduate students, VSB is home to six Centers of Excellence (the Daniel M. DiLella Center for Real Estate, the Center for Business Analytics, the Center for Global Leadership, the Center for Marketing & Consumer Insights, the Center for the Study of Church Management & Business Ethics and the Center for Innovation, Creativity, and Entrepreneurship (ICE) Center) with each center designed to foster innovative, cross-disciplinary research and teaching opportunities for business faculty. VSB is known for academic rigor; creativity and innovation; hands-on and service learning opportunities; a firm grounding in ethics; and an applied education that prepares students to become outstanding leaders and global citizens within the ever-changing, complex, and fast-paced world of business. For more, visit business.villanova.edu.