Foundation / Corporation
12/17/19 11:59 PM EST
Competition for USA, Canada, and International teams of students in IHEs for innovative business startup initiatives that have a positive impact on the environment. The purpose of the competition is to award a global startup prize for new and transformative business models that improve the environment with every sale.
Through its yearly competitions, Hult Prize unlocks the desire of young people to change the world through business. Each year there is a different challenge focus. The 2020 Hult Prize Challenge as announced by President Bill Clinton at the United Nations is: “Building Startups That Have A Positive Impact On Our Planet with Every Dollar Earned.”
In 2020, the challenge to the vast and rapidly-growing Hult Prize community is to replace every industry on the planet with a future, better version of itself. The goal is to start by building bold businesses that improve the planet with every sale. Hult Prize is not looking for incremental improvements in efficiency or ways to make current businesses less environmentally damaging than they are today, but are looking for transformative models that change the very nature of supply chains; that introduce radically new business models; that cause people to rethink the most deeply-ingrained patterns in their behaviors; and to reimagine and replace the goods and services to which they are most accustomed, without a reduction of performance, quality, accessibility, or price.
Your application is not based on an existing idea, or one that you may have come up with for the challenge. Unlike any competition in the world, the Hult Prize moves teams into the regional finals that have the potential to create a dynamic and disruptive start-up based on their team experience and makeup.
GrantWatch ID#: 163667
Each year the Hult Prize provides $1,000,000 in seed capital to the winning impact enterprise of it’s flagship program. The prize money is seeded into the newly created company, which will be run by the student team who came up with the idea.
Runner-ups may also have the option to receive funding from the Hult Prize Mena Ventures Fund. These funding terms will be fixed for each of the five runner-ups.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Online application: https://hultprizefoundation.wufoo.com/forms/zix55a6098mrqp/
USA: Alabama; Alaska; Arizona; Arkansas; California; Colorado; Connecticut; Delaware; Florida; Georgia; Hawaii; Idaho; Illinois; Indiana; Iowa; Kansas; Kentucky; Louisiana; Maine; Maryland; Massachusetts; Michigan; Minnesota; Mississippi; Missouri; Montana; Nebraska; Nevada; New Hampshire; New Jersey; New Mexico; New York City; New York; North Carolina; North Dakota; Ohio; Oklahoma; Oregon; Pennsylvania; Rhode Island; South Carolina; South Dakota; Tennessee; Texas; Utah; Vermont; Virginia; Washington, DC; Washington; West Virginia; Wisconsin; Wyoming
USA Territories: American Samoa (USA) Guam (USA) Puerto Rico (USA) Virgin Islands (USA) Northern Mariana Islands (USA)
USA Compact Free Associations: The Federated States of Micronesia (USA) Marshall Islands (USA) Republic of Palau (USA)
Canada: Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Northwest Territories Nova Scotia Nunavut Ontario Prince Edward Island Quebec Saskatchewan Yukon
International country outside of the USA, Israel and Canada.