Hult Prize at Kozminski University

The Hult Prize Foundation is a not-for-profit organization dedicated to launching the world's next wave of social entrepreneurs. It encourages the world's brightest business minds to compete in teams to solve the planet's biggest challenges with innovative ideas for sustainable start-up enterprises. Annual Hult Prize winners can make their ideas reality with the help of USD1 million in seed funding. Through its structured approach to defining the challenge and local, regional and global competition rounds, the Hult Prize actively seeks to create a new kind of social business. One that combines the forces for good and profit—what we call “NGO 2.0.” While many philanthropic and charitable organizations turn to non-governmental organizations as their primary resource for addressing some of the world’s most pressing social problems, current they often face funding gaps that derail them from their mission, inadvertently impacting millions of beneficiaries who count on their aid as a primary means of survival. The NGO of the future must be designed for sustainability as well as catalytic impact, ensuring that both social and financial returns are met. At the Hult Prize, we believe that the only way to achieve this is by introducing the "unusual suspect" - business students, to a whole new world, where they can have have impact and a career that is economically viable.

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