Obafemi Awolowo University, Ile-Ife, has been selected to host local edition of the Hult Prize as students answer the United Nations’ challenge and go head-to-head for US$1M.
This was made known in a release made available to CAMPUS REPORTER signed by Barakat Tiamiyu that the institution has been selected to hold the world’s largest student competition for creation of new social businesses.
Part of the statement reads: “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”
According to Barakat, the Hult prize is hosting College and University events around the world in search of the next game changing start-up in partnership with the United Nations.
“I will be leading the Hult Prize at Obafemi Awolowo University, I believe if given a chance, we would lead the good work”, she said.
We also gathered that the winner of the intra-campus event will automatically advance to compete in one of fifteen regional finals happening around the world in March.
“One winning team from each host city will move onto a summer business incubator, where participants will receive mentorship, advisory and strategic planning as they create prototypes and set up to lunch their new social business. A final round competition will be hosted in September 2018, where the winning team will be awarded the $1,000,000 prize. ”
However, Hult Prize at Obafemi Awolowo University is now recruiting volunteers and teams who are interested in registering for the competition are to visit: www.hultprize.org
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