HULT PRIZE AT LUMS: Press Release 27-08-2018
Lahore University of Management Sciences(LUMS) Selected to Host local edition of Hult Prize as students answer the United Nations Challenge and go head-to-head for US$1M.
Lahore, Punjab: Muhammad Sarim Raza, the Campus Director for Hult Prize recently announced that Lahore University of Management Sciences(LUMS) has been selected to host a local edition of the Hult Prize, the world’s largest student movement for the creation of new social enterprises. 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. Muhammad Sarim Raza will be leading the Hult Prize at Lahore University of Management Sciences On Campus Program and is confident that his/her peers have as good as chance as anyone to go all the way and with this year’s Hult Prize.
The winner of the intra-campus event will automatically advance to compete in one of fifteen regional finals happening around the world. One winning team from each host city will then move onto a summer business accelerator, 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, where the winning team to be awarded the $1,000,000 prize.
“The Hult Prize is a wonderful example of the creative cooperation needed to build a world with shared opportunity, shared responsibility, and shared prosperity, and each year I look forward to seeing the many outstanding ideas the competition produces,” Clinton has stated.
About the Hult Prize Foundation: Hult Prize is the world’s biggest engine for the launch of for-good, for-profit startups emerging from university with over 2500 staff and volunteers around the world. In nearly a decade, the movement has deployed more than $50M of capital into the sector and mobilized more than one million young people to re-think the future of business as it continues to breed disruptive innovation on college and university campuses across 100 plus countries. The Hult Prize Foundation has been called the”Nobel Prize for Students” and has been featured in a TIME Magazine Cover Story highlighting the “Top 5 Ideas Changing the World.”
To learn more, visit www.hultprize.org.
For Further Queries, contact: Muhammad Sarim Raza, +923112059938