The Lagos Business School (LBS) has advanced to the regional finals of the 4th Annual Hult Prize. The Hult Prize is the world’s largest student competition and crowd-sourcing platform for social good. It was recently named as one of the top five ideas changing the world by President Bill Clinton and TIME Magazine.
In partnership with the Clinton Global Initiative, the innovative crowd sourcing platform identifies and launches disruptive and catalytic social ventures that aim to solve the planets most pressing challenges. Student teams compete in five cities around the world for a chance to secure one million United States Dollars in start-up funding to launch a sustainable social venture.
“The Hult Prize is thrilled that Lagos Business School has joined the initiative,” said President of the Hult International Business School, Dr. Stephen Hodges. “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.”
Lagos Business School’s team members are Uzoma Okoro, Adetokunbo Alegbejo, Oluwatoyin Sanwo, Chika Ezeani and Ozue Ezeife, all MBA students. 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 on March 1 and 2, 2013 on Hult International Business School’s five campuses in Boston, San Francisco, London, Dubai and Shanghai. Lagos Business School will compete in London.
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, which will be awarded the $1,000,000 prize by former US President Bill Clinton.'