Al Akhawayn Students Join World Top-tier Schools in the Largest Student Social Competition
Five Al Akhawayn students reach the regional finals of the Hult Prize, a social entrepreneurship business plan competition organized by Hult International Business School and the Clinton Global Initiative. The final competition will take place in March 1-2, 2013, in London.
Hult Prize is the world’s largest student competition and crowdsourcing platform for social good, recently named by former President Bill Clinton and TIME Magazine one of the top five programs changing the world. Al Akhawayn team joins global top-tier schools that will go head-to-head in the competition in quest for social good and a $1 million in start-up funding.
“The Hult Prize is thrilled that Al Akhawayn University has joined the initiative,” said Stephen Hodges, President of the Hult International Business School, in the Hult Prize press release. “This year’s competition has received a record number of entries, bringing together some of the most talented students to help solve global food security which can benefit nearly a billion people.”
In Spring 2012, the Al Akhawayn team composed of students Maha Laziri (‘13) from the School of Humanities and Social Sciences, Mohammed Wael Khobalatte (‘13) from the School of Science and Engineering (SSE), Ayoub El Mamoun (‘13) from the SSE, Imane Remmal (‘14) from the School of Business Administration, and team captain Mehdi Nassih (‘13) from the SSE, took part in Hult Prize competition and reached the regional finals in Dubai. The team will now be joining top European universities and schools such as Oxford University, Cambridge University, HEC Paris, Copenhagen Business School, and the London School of Economics, in the finals in London. The project that Al Akhawayn team will present is entitled Can we build sustainable, scalable and fast-growing social enterprises to reduce food insecurity in slums by 2018?
“As we spend an important part of our lives at Al Akhawayn volunteering in student-run organizations, we develop a sense of leadership and social responsibility towards local and global issues,” said Mehdi Nassih, reflecting his learning experience at Al Akhawayn University.
Student teams competed in five cities around the world for a chance to win $1 million in start-up funding to launch a sustainable social venture. Each team selected was chosen from more than 10,000 applications received, totaling over 350 colleges and universities, representing over 150 countries. The Hult Prize regional competitions will take place at the Hult International Business School’s five campuses in Boston, San Francisco, London, Dubai and Shanghai.
Following the regional finals, one winning team from each host city will move into 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 by the Clinton Global Initiative at its annual meeting in September, where CGI delegates will select a winning team, who will be awarded the million-dollar-Prize by Bill Clinton.
“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,” said Bill Clinton, Founder, William J. Clinton Foundation and 42nd President of the United States. (As quoted from the Hult Prize press release)
Founded in 2009 by Hult International Business School Alumnus Ahmad Ashkar, and responding to a challenge made by former President Bill Clinton in 2010, the Hult Prize is committed to launching a new wave of social entrepreneurs through identifying and launching disruptive social ventures that are poised to change the world. In partnership with Bill Clinton and the Clinton Global Initiative, the Hult Prize has created the world’s largest student movement for social impact dedicated to solving the most pressing social challenges on the planet.