The Information Session for the Upcoming Hult Prize Oncampus event took place on Friday, 26th of October, 2018, and it was nothing short of amazing. With over 100 Students in attendance, Students were oriented on the different stages of the Hult Prize Competition and several teams were formed during the networking session. Also a case cracking session was conducted to explain the challenge for all teams to brainstorm, which is: “Youth Unemployment – Develop an idea that would provide meaningful jobs to 10,000 young people within the next 10 years.”
The Hult Prize powered by the United Nations in partnership with the Clinton Global Initiative and the Hult International Business School is the World’s largest student (Undergraduates and Postgraduates) Competition for Business Ideas. Students (3 or 4 in each teams) from all around the world gather together to solve a particular challenge announced by Ex-President Bill Clinton annually and $1,000,000 is awarded to the winning team at the United Nations. The Competition all starts with each campuses hosting their respective Oncampus Events known as the quarter finals round after which winning teams from each Oncampus events proceed to the Semifinals stage of the competition. However, the main aim of students is to reach the accelerator where all ideas are funded, and the accelerator takes place after the regional finals. All Oncampus participants are mentored and awarded Certificates endorsed by the United Nations and signed by Ex-President Bill Clinton and the CEO of the Hult Prize, Ahmad Ashkar. Hult Prize at OAU event is looking for the top 3 teams with amazing prizes to we won on the event day.
During the Information Session at Ajose Lecture Theatre, newly formed teams were urged to register on the website www.hultprizeat.com/obafemi to participate in the competition as the closing date for team registration is on November 28 and registered teams are added to a mentoring platform where they are supported by the Hult Prize team Coordinators through team trainings. The Oncampus event is set to hold in Obafemi Awolowo University on December 8 where the top teams from the competition will be selected to represent OAU in the Regional Finals stage (Semifinals) in any 3 of 25 cities around the world to compete for the $1,000,000. Registered teams will pitch their ideas each with 6 minutes to High Profile Judges on the Event day.
The Hult Prize isn’t about the competition. It is about inspiring Students to be Job Creators rather than simply Job Seekers by coming up with for-profit business ideas to solving pressing social challenges such as Youth Unemployment.