The winning team from the Stockholm School of Economics in the Hult Prize Competition has advanced to the regional finals of the competition.
The Hult Prize Competition is the largest social entrepreneurship challenge in the world and was named one of the top five ideas changing the world by TIME Magazine. This year, the Hult Prize is focused around finding solutions to generate income for the millions of people living in crowded urban spaces. Here in Stockholm ten teams of socially engaged students have developed sustainable ideas intended to tackle this year's social issue.
The winning team from the Stockholm School of Economics was “The Hult Prize Squad” and includes Julia Mut who lived in Kenya for five years, Ben Lau, CEMS master student, Alena Klatte and Cambridge alumni Nick Harinos.
The team will be moving on to regional finals in London, Dubai, Shanghai, San Francisco or Boston to present their idea “Kazi Connect”, which connects small businesses as well as private individuals with reliable and hardworking employees. The employee benefits from fair wages and working hours, in addition to extra resources for further training if the employer chooses to contribute.
Following the regional finals, one winning team from each host city will move into a summer business accelerator program, where participants receive mentorship, advisory and strategic planning advice as they create prototypes and set-up to launch their social business.
The final round of the competition will be hosted at the Clinton Global Initiative Annual Meeting in September, where one team will be awarded USD 1,000,000 and receive the Hult Prize from Bill Clinton himself.
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About the Hult Prize Foundation
The Hult Prize is a start-up accelerator for social entrepreneurship, which bring together the brightest college and university students from around the globe to solve the world’s most pressing social issues. The annual initiative is the world’s largest student competition and crowd-sourcing platform for social good, and has been funded by the Hult family since its inception in 2009. To learn more, visit www.hultprize.org