Shillong( Meghalaya) :Indian Institute of Management, Shillong has been selected to Host local edition of Hult Prize as students answer United Nation’s Challenge and go head-to-head for US$1M.
KshitijArora, Hult Prize Campus Director at IIM Shillong announced that IIM Shillong has been selected to host a local edition of the Hult Prize, the world’s largest student competition for the creation of new social businesses. The annual Hult Prize awards one million dollars in start-up funding to the team of students that develops the most radical and breakthrough idea to solve one of our world’s toughest social challenges.
In partnership with the United Nations, the Hult Prize is hosting college and university events around the world in search of the next game-changing start-up. Kshitij Arora will be leading the Hult Prize at IIM Shillong initiative, and is confident that his peers on campus have as good as chance as anyone to go all the way and with this year’s Hult Prize. "It's not every day that you have an opportunity to change the world. This is our chance to show the world that our institution is dedicated to Impact.!", said Kshitij.
The winner of the intra-campus event will automatically advance to compete in one of fifteen regional finals happening around the world next March. One winning team from each host city will then move onto a summer business incubator, 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 in September 2018, where the winning team to be awarded the $1,000,000 prize.
Hult Prize at IIM Shillong is now recruiting volunteers and teams who are interested in registering for the competition.