-Ahmad Ashkar, CEO and Founder of The Hult Prize
Doubling the incomes of 10M crowdedurban space dwellers by 2022.
New York, September 20, 2016
Nobel Laureate Professor Muhammad Yunus is the father of microcredit, the father of social business, the founder of Grameen Bank, and of more than 50 other companies in Bangladesh. For his constant innovation and enterprise, Fortune Magazine named Professor Yunus in March 2012 as "one of 12 greatest entrepreneurs of our time."
Yunus has received several other national and international honors. He received the United States Presidential Medal of Freedom in 2009 and theCongressional Gold Medal in 2010. In 2008, he was rated #2 in Foreign Policy magazine's list of the 'Top 100 Global Thinkers'.
Premal Shah leads Kiva.org, a non-profit website that connects people through lending to alleviate poverty. Since 2005, over 1 million small businesses in + 75 countries have been financed by Kiva lenders. The site has been named as one of Oprah's Favorite Things and a Top 50 Website by TIME Magazine. Premal's inspiration for Kiva came when he was volunteering in a slum in India while on leave from PayPal, where he had been an early employee and Principal Product Manager. For his work as a social entrepreneur, Premal was named a Young Global Leader by the World Economic Forum and selected to FORTUNE magazine’s “Top 40 under 40″ list. Premal began his career as a management consultant and graduated from Stanford University.
Kathleen Rogers, President of Earth Day Network, has worked for more than 20 years as an environmental attorney and advocate, focusing on international and domestic environmental public policy and law.
Kathleen has held senior positions with the National Audubon Society, the Environmental Law Institute, and two U.S. Olympic Organizing Committees. She has also worked for Garth Associates in New York City and the Beveridge & Diamond law firm, where she developed a white collar environmental crime defense practice. Kathleen was editor-in-chief of theUniversity of California at Davis Law Review, and clerked for the Honorable John Pratt at the United States District Court for the District of Columbia. She also worked with the U.S. Delegation at the United Nations Conference on Women.
Dr Ibrahim is the Founder and Chair of the Mo Ibrahim Foundation which he established in 2006 to support good governance and exceptional leadership on the African continent.
Sudanese-born, Dr Ibrahim has a distinguished business career. In 1989 he founded Mobile Systems International (MSI), a world leading cellular consulting and software provider and in 1998, Celtel International, one of Africa’s leading mobile telephone companies which pioneered mobile services in Africa.
Dr Ibrahim is also Founding Chairman of Satya Capital Limited, a private equity fund focused on Africa.
Mohammed Ashour is the CEO and founder of Aspire Food Group, winner of the 2013 Hult Prize. Named as one of the world's top entrepreneurs under 30 by Forbes, Mr. Ashour is a leading authority in edible insects. His company, Aspire Food Group is a pioneer in the the social enterprise sector and is a driving force in the fight against food insecurity.
Magic Bus is an organized text-based ticketing service that aims to make bus transport more reliable and accessible by reducing waiting times and increasing productivity of both commuters and buses. Magic bus will double the income of the bus operators and its community-based ticketing agents. Moreover, it will better position slum dwellers to participate in a broader economic market by supporting financial saving and transportation to opportunities.
Hult International Business School
Musana Carts provides more efficient infrastructure to street vendors in Kampala, allowing them to conduct their business in a safe legal and innovative way. Our cart is powered by solar energy; it is customized according to the activity of the street vendors- for example a fridge for cold beverage business or a stove for street food business. Our product would take the street vendors right to their customers. It is also affordable, after considering street vendors’ appetite for financial risk each Musana Cart will cost $400. This includes access to finance and business training. The combination of time & energy savings and access to more customers with each Musana Cart the average street vendor shall be able to double their income.
University of Cambridge
Simprints is a nonprofit tech company committed to improving the lives of the poor. Accurately linking people to their digital records is a critical bottleneck in the delivery of mobile services in healthcare, microfinance, and aid distribution. We’re building a mobile biometric scanner and open-source software to empower the mobile tools used by researchers, NGOs and governments around the world.
University of Ghana
The University of Ghana, represented by Team Anchor consists of three Graduate students studying MPhil Food Science, MPhil Economics, MA African Studies and one alumini who studied Food Process Engineering. Their mission is to solve the challenge of crowded urban spaces by providing sanitary toilet facilities and compensating slum dwellers on the amount of poop generated monthly thereby eradicating open defecation and associated health related diseases. The concept involves the provision of sanitary toilet facilities positioned at vantage points within the urban slum. This is to improve access to toilet facilities thereby eliminating open defecation which is on the rise in urban slums. Using Ghana as a case study, the Accra Metropolitan Assembly will support in positioning these facilities in the urban slums. Team Anchor seeks to effectively generate biogas from anaerobically digested human fecal matter and further process into organic fertilizer and fuel briquettes. These products seek to address food security and climate change issues the world is facing and also a sustainable alternative for crude oil.
BRAC - Bangladesh
Synergy provides entrepreneurs a collaborative business platform which vastly expands their reach and connects them with capital, goods, and partners through a human network.
Tec de Monterey - Mexico
Pro Trash is the first privately owned social enterprise waste management company in Mexico. Through a novel and robust trash collection and recycle business model, Pro Trash capitalizes on the US$54 Billion waste opportunity in Mexico, while simultaneously empowering and employing local mothers who for the first time can turn waste to opportunity!
"The largest student competition
on earth is about changing the world."
Bertil Hult, Founder of EF Education First
"We didn't launch a startup,
we just created an industry "
Ahmad Ashkar, CEO of Hult Prize
"A brilliant award for a brilliant idea."
Yves Behar, Award-winning industrial designer and entrepreneur.
"If you look globally at what is happening in the developing world, you see that the beneficiary of a charity is moving from being a beneficiary to being a customer, and the corporate sector is integrating social because it knows this is its customer base of the future."
When you think of business school students, what do you think of? Do you view them as the next generation of managers, armed with a Millennial mindset and a solid grounding in business principles?
Ending world hunger is a lofty goal with a United Nations' estimate of 870 million people being uncertain of their food supplies. One start-up is poised to tackle this challenge head-on after winning the 2013 Hult Prize and its $1 million capital investment.