HULT Prize at IOST 2020
Hult Prize is a start-up accelerator that brings brilliant college and university students from around the globe to solve the world’s most pressing 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. Every year student teams compete from around the world for a chance to secure the US $ 1 million in start-up funding to launch a sustainable social venture.
This year CSIT Associaton of Nepal got an opportunity on organizing the on-campus event of the Hult Prize. In the first phase applicants from all around the country were called for open application for the selection round. We reached out to students personally by visiting their colleges, through social media marketing and our regional committees. We made sure that students were reached thoroughly and aware of the Hult Prize. The forms were closed one week prior to the final event and ten teams were selected from all around the country. The event was also promoted through podcasts, quizzes and different media articles for different media partners. We had a fantastic turnout in registrations of about 150 teams from whom the best 10 teams were selected by the mentors. Selected teams were further, invited for attending the mentorship session at Neosphere on Mangsir 19, 2076 BS.
The final idea pitch was held on 7th December, 2019 in the morning at 10 AM at Deerwalk Deerwalk Institute of Technology. The participants were given an overview of the schedule and the structure of the program along with the purpose and objectives. We had the honor of having judges Ms. Anusuya Joshi, Mr. Dibyesh Giri, Mr. Prakash Neupane, Ms. Roja Kiran Basukala and Mr. Ratnesh Dheeraj. At the end of the formal beginning of the program, each team was given 6 minutes time to pitch their ideas and 4 minutes for the Q/A session. At the end of the day, each team presented their idea in front of the panel of judges. Based on the different criteria, the teams that won the position of the Winner, 1st Runner Up and Second Runner Up was Team APS from Kathmandu, Team The Avengers from Biratnagar and Team New Generation from Chitwan respectively. The winners received their prizes and certificates at the event. The winning team was also provided with Amazon Web Services credit worth $750 valid for a year to deploy their project.
The program was carried out in different phases including info-sessions, pre-events, mentorship sessions and the final event for pitching, it brought different stakeholders of environment and technology together opening the doors for new collaborations and ideas.
One of the most visible outcomes of the Hult Prize at IOST 2020 was that it brought students together to work on different impactful business ideas that are also sustainable and scalable at the same time. Top ten teams with the best ideas got a chance to make their ideas better through the mentorship sessions. And one of those teams will be participating with their business idea in the regional competition of the Hult Prize 2020 promoting Nepal’s presence in International arena.
We thank all those helping hands who made this program successful. We understand the importance of having such competitions for youth to encourage them and make them realize the power they possess in the form of different ideas. Providing such an opportunity can make the students believe in themselves that even the ideas that they have generated can be big enough to impact the world.