The Hult Prize: Seed Funding for Start-ups working for Social Good (Deadline: April 19, 2013)
"The Hult Prize is a start-up accelerator for social entrepreneurship which aimgs to bring together the brightest college & university students from around the globe to solve the world’s most pressing issues. The annual initiative is the world’s largest crowdsourcing platform for social good & one of the planet’s leading forces for good.
Over the past three years, the Hult Prize has taken on some of the planet's toughest challenges. These have included Education, Energy, Housing, & Water. For the 2013 Prize, the challenge is the Global Food Crisis.
The global food crisis can be approached through multiple lenses, such as: distribution, manufacturing, production, technology & many others. Each, represents an opportunity for innovation. Nearly 1 Billion people in the World are Hungry, that is over 1 out of every 4 children. Ironically, our global economy produces enough food each year to feed everyone, however more than one-third of the food generated for human consumption continues to be lost or wasted.
1) One out of every four children in the world are hungry even though our global economy produces enough food to feed everyone. In total, nearly one billion people in the world are hungry & suffer from malnutrition.
2) The world produces enough food to feed everyone, however more than one-third of the food generated for human consumption is lost or wasted.
3) There are more hungry people in the world, then the combined population of the US, Canada & EU.
4) A poor family in a poor country spends over 70% of its income on food, leaving very little to spend on energy, education, housing, healthcare & other critical needs.
5) Hunger is one of the world's most solvable challenges.
6) The global food system needs to be redesigned to yield more, healthier food, while reducing cost & ecological footprint.
7) New business models are required around food security that can yield greater access to markets, new approaches to distribution, & local sourcing bolster food quality & workers’ livelihoods, while reducing waste & improving resilience to extreme conditions.
8) The current food system is not sustainable. Global food demand is expected to double in the next 25 to 50 years. Current modes of production & patterns of consumption are not sustainable & can not meet this demand. Existing business models must change to ensure global food security.
9) Agriculture accounts for 70 percent of the world’s use of increasingly scarce water supplies, & deforestation for food production generates more greenhouse gases than all forms of transportation combined.
College & university students from around the world are being called to action to compete in one of five regional rounds of competition held in: Boston, San Francisco, London, Dubai & Shanghai, ensuring the involvement of more than ten thousand students, representing more than 130 countries around the world. Teams of 4-5 students will be charged with developing ideas for social enterprises that can conquer one of modern day’s most solvable global challenges - the food crisis. Through crowdsourcing, training, mentorship & funding, the Hult Prize seeks to launch the next wave of social entrepreneurs. The global winner will receive US$1,000,000 in start-up capital to launch their new social enterprise!
The online application is easy & consists of four easy steps:
1) Select your city of competition;
2) Create a team of 4-5 students from your college or university that share your passion;
3) Upload your resumes & one team statement of purpose into the online application;
4) Check back regularly to see if your team has been selected or join our Facebook page.
Teams selected to compete in the Regional Finals will be responsible for securing their own travel arrangement to & from the event. Training, pre-event mixer, food & drink throughout the day & post-event reception will all be covered.
Deadline: 19 April 2013.
Source: http://www.hultprize.org/en/ "