Hult Prize at SJTU offers students a chance to win $1m and change the world
Updated: 2017-10-25

672d26da-4041-4ba1-bb12-47c339b85271_size255_w595_h370.jpg

TeleStory, a team from Shanghai Jiao Tong University, competes to be a regional finalist at the 2015 Hult Prize. These students suggested that "every child should have a bedtime story" to help provide 10 million children who live in the world's slums with proper access to early childhood education. [Photo/ifeng.com]

Shanghai Jiao Tong University (SJTU), a prestigious college in East China, is inviting students to form teams and participate in the SJTU Campus round of the 2018 Hult Prize, a social entrepreneurship competition, on Dec 9.

Often called the "Nobel Prize for students", the Hult Prize is the world's leading platform for the creation and launching of socially focused for-profit startups emerging from universities. Proposed endeavors would tackle global problems of poverty, food shortages, refugee crises, and a lack of early childhood education.

In nearly a decade, the program has distributed more than $50 million of capital and mobilized more than 1 million people to rethink the future of business. It continues to foster innovation on college and university campuses across more than 100 countries.

SJTU students pitched ideas for social impact at the Hult stage in 2015, with four members from the affiliated Shanghai Advanced Institute of Finance sharing the honor of being regional finalists. These students suggested that "every child should have a bedtime story" to help provide 10 million children who live in the world's slums with proper access to early childhood education.

QQ截图20171025143053.jpg

The theme for 2018 Hult Prize focuses on "harnessing the power of energy to transform the lives of 10 million people". [Photo from WeChat account sjtuissc]

With the 2018 Hult Prize focusing on "harnessing the power of energy to transform the lives of 10 million people", participating teams will first compete at the SJTU Campus round in December.

Along with three or four SJTU reading students, each participating team will be made up of one alumni member and students from a range of majors and nationalities. The winning team will bypass the traditional application process of 50,000 applicants and advance to the regional final held next March, attend an all-expenses paid seven-week summer accelerator program to refine their business models, and finally pitch their idea at the global final in September, 2018, at the United Nations Headquarters in New York.

Global finalists receive certificates for their participation and have the chance to win $1 million capital. They will also experience teamwork, practice their English skills, broaden networks, as well as meet leading entrepreneurs, investors and heads of states, such as former US president Bill Clinton and Muhammad Yunus, CEO and founder of Grameen Bank, Nobel Peace Prize laureate and three-time Hult Prize global final judge.

Interested students should apply at http://www.hultprizeat.com/jiao.

QQ截图20171025164703.jpg

Quote from Ahmad Ashakar, CEO and founder of Hult Prize Foundation. [Photo from WeChat account hultprizechina]

Copyright © 2014 Shanghai Municipal Education Commission. All rights reserved.