The Hult Prize is an annual competition for ideas solving pressing social issues, such as food security, water access, energy, and education.
[2] A lecture given by One Laptop Per Child chief operating officer Charles Kane sparked the idea for a business case competition focused on solving global problems via social entrepreneurship.
[4] In 2012, the competition expanded to include three tracks - energy, housing and education - and the Global Final was held at the New York Public Library.
[8] In 2021, the Hult Prize was suspended due to an investigation into sexual misconduct at a "summer camp-style event" it operates, the investigation was conducted by Kirkland & Ellis resulting in the replacement of the entire Hult Prize senior leadership team, including its Founder and CEO Ahmad Ashkar and staff member, Nelly Andrade.
Participants were challenged to provide and improve clean water and sanitation ways for the more than 2.5 billion people worldwide, that don't have access to it.
[15] The prize was awarded to a team from Cambridge University, led by Akanksha Hazari, with their proposal turning into the social enterprise m. Paani, working on digital ways to provide safe water, education, healthcare, energy, nutrition and mobility to rural Indian communities.
[4][16] In 2012, the Hult competition revolved around global energy poverty, seeking to support the many people worldwide, that still live without electricity.
[17] Due to the fact that nearly one billion people worldwide are still suffering from hunger, the Hult Prize 2013 focused on the Global Food Crisis.
[14] The prize went to Aspire Food from McGill University for the idea of processing edible insects to produce a sustainable source of protein.
[21][22] The 2016 Hult Prize challenge for teams participating was to present the idea for a business that would double the income of 1 million people in the developing world by 2022.
The prize was awarded to a team from Earlham College whose business idea, Magic Bus Ticketing, focused on improving the public transportation system in Kenya.
[14] In 2017, the Hult competition centered the motion of humanity, and the ensuing massive demographic shifts, which pressure social, political, and physical infrastructures.