The selection of the best idea among the top ten teams shortlisted from Technical Campuses of Tribhuwan University was held at the Jawalakhel on Wednesday, December 13, 2017, for the upcoming edition of Hult Prize. The event was held with the members of the top teams, mentors, the Hult Prize @ IOE Pulchowk Campus team and the Campus Representatives of the different campus of TU.
Team Innovation Mind was selected to be the winner of Hult Prize @ IOE Pulchowk Campus 2018 and will be competing on national edition of Hult Prize @ Tribhuwan University 2018. The winner of the national event will be attending Hult Prize Global Regional Finals 2018 at one of the locations around the world. Team Bhawisya and Team Icarus bagged the first and second runner-ups respectively.
Last year, Sushant Gautam, Saramsha Dotel , Sumit Dhungana and Ashish Poudel from Team Aegis represented Nepal and Tribhuwan University in Hult Prize Global Regional Finals at Hult International Business School, Dubai.
The Hult Prize is a start-up accelerator for impact entrepreneurship which brings together the brightest college and university students from around the globe to solve the world’s most pressing issues through pitching ideas and launching companies. It’s the biggest and most prestigious start-up event in the world, and awards millions of dollars in investment capital to young budding entrepreneurs, including a grand prize of USD1Million. Hult Prize Foundation annually challenges young people to solve the worlds toughest issues by empowering them to make money, do good and make life better for millions of people through the creation of for good for-profit businesses.
The 2018 Hult Prize Challenge as announced by President Bill Clinton at the United Nations is: “Harnessing the Power of Energy to Transform the Lives of 10 Million People.” They are not necessarily looking for the next big breakthrough in energy, but rather they are looking at the application of various energy innovations to change the world. Much like the light bulb. See, it wasn’t the invention of the light bulb that changed everything, it was how people like you took that tech innovation and lit up the world with it. That’s what they are solving with this year’s challenge.
Through leveraging human capital, knowledge and the crowd like never before, the Hult Prize has helped launch social enterprises that share the common facets:
- Serve the least fortunate
- Tackle humanity’s greatest challenge
- Pursue revenue and sustainability
- Use existing channels
- Create a market efficiency
- Pursue large, untapped markets
One of the judges at Hult Prize @ IOE Pulchowk Campus Final Event, Mr Mahabir Pun said, “Every idea sounds great when presented but should be turned into reality to create a real impact.So, the workout should be done to not just limit it to minds and papers.” He added his organization – Nepal Innovation Centre is also doing such help in the innovative reform of Nepal with such growing innovative ideas.