The Indian Institute of Management (IIM) Raipur has been selected to host a local edition of the Hult Prize, the world’s largest student competition.
The annual Hult Prize awards one million dollars in start-up funding to a team of students that develops the most radical and breakthrough idea to solve one of our world’s toughest social challenges, an institute press release informed.
In partnership with former US President Bill Clinton and the Clinton Foundation, the Hult Prize is hosting college and university events around the world in search of the next gamechanging start-up.
Abhishek Solanki will be leading the Hult Prize at IIM Raipur initiative.
The winner of the intra-campus event will advance to the National finals of Hult Prize India. The Top 10 Hult Prize India winners will automatically advance to compete in one of five regional finals happening across the world in Boston, San Francisco, london, Dubai and Shanghai.
One winning team from each host city will then move onto a summer business accelerator programme, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set up to launch their new social business.
A final round of competition will be hosted by the Clinton Global Initiative at the Annual Meeting in September, where CGI delegates will select a winning team to be awarded the $1,000,000 prize by President Clinton himself.