about hult prize Colombia

Hult Prize Colombia is a national program for the Hult Prize. This national round gives students the opportunity to bypass the general application round and advance directly into the Hult Prize Regional Finals. As a national winner you will have access to myriad opportunities from your local community to prepare your for the next rounds of the competition.

world map

how will you change the world with us$1 million?

President

The Hult Prize has brought together some of the brightest young innovators to address the obstacles that prevent prosperity and opportunity from thriving worldwide."

- President Bill Clinton

download the president's challenge

Message from the Hult Prize Colombia Director

Director

It's not every day that you have an opportunity to change the world. This is your chance! Two top teams from Hult Prize Colombia will win the opportunity to represent the country at the upcoming Hult Prize Regional Finals on March 4, 2017. Join us, and show the world that Colombia is dedicated to making an impact!

Juan Pablo Ospina Yepes

Hult Prize Colombia Director

How can I compete?

1

Download the President's challenge.

2

Form a team of 3-4 students from the same university.

3

Register for Hult Prize Colombia through the above link

4

Three winning teams will pitch their idea at one of the five Hult Prize Regional Finals

5

Winners pitch their ideas for USD1 million at the 2017 Hult Prize Finals

Event Details

Time:9am

Date:January 14th, 2017

Venue:Club el Nogal, Carrera 7 N° 78-96, Bogota, DC

Schedule:

9:00am - 10:10am Judges Training, Student Team Registration

10:30am - 11:15am Opening Ceremony

11:30am - 12:45pm First Round Presentations & Lunch

12:45pm - 1:30pm First Rounds Judge Deliberation & Lunch

1:00pm - 1:45pm Sponsors & Invited Guests Registration

1:45pm - 3:30pm Final Round Presentations

3:30pm - 4:15pm Final Round Judge Deliberation

4:15pm - 5:00pm Winning Teams Announced

5:00pm - 6:00pm Closing Celebration

Meet the Judges

Judge 2

Rafael Pardo Rueda

Minister of Postconflict
-
-
Judge 2

Simon Gaviria

Director General
Departamento Nacional de Planeacion
Judge 2

Maria Lopez Castano

Director
Semana Sostenible
-
Judge 3

Luis Guillermo Plata

President
ProBogota
-
Judge 2

Hernan Mendez Bages

CEO
Juan Valdez
-
Judge 3

Verena Liedgens

Director
Agruppa
Hult Prize Finalist 2013
Judge 2

David Purkey

PhD
Stockholm Environmental Institute
-
Judge 2

Susan Segal

President & CEO
Americas Society and Council of the Americas
Judge 2

Jorge Enrique Bedoya

Director
Fundacion Bavaria
Judge 2

Wenyi Cai

Director
Polymath Ventures
Judge 2

Sandra Aramburo

Director
MSD (Merck)
Judge 2

Juan Felipe Giraldo

Vice President
Valores Bancolombia
Judge 2

Alejandro Barragan

Innovation Head
Enel
Judge 2

Antonio Diaz

Executive Director
Emprenda
Judge 2

Juan Roldan

CEO
Smart Taxi

The Hult Prize is the benchmark competition for social entrepreneurship.

10,000,000

Slum Dwellers Targeted

2015 Hult Prize stretch target for individuals impacted by winning idea.

2,400,000

Million Man-Hours

Estimated for 2015. Total applications multiplied by average hours spent per team per challenge via poll of past participants.

1,500

Social Business Ideas Generated

Sum of all regional finalists teams through 2015 competition.

magazine
22,000

Annual Applications

Total number of applications in all rounds of 2015 Hult Prize.

1,500

Entrepreneurs

Participating in the regional finals in 2015.

600

Schools Represented

In total since the inaugural year (2009).

Time Magazine, October 2012

"One of the top 5 ideas changing the world."

- President Bill Clinton

Organizing Committee

Team 3

Jose Fernando Escobar Escobar

Fundacion SI
Team 1

Laura Cohen Escobar

Team 2

Jose Fernando Escobar Arias

Past Competitions

Press

Jóvenes de Medellín, Cali y Bogotá Ganadores del 1er Hult Prize Colombia

Los ganadores presentaron ideas innovadoras en mejorar la calidad de vida de las personas que habitan en zonas hacinadas y de bajos recursos.

Read More
Press

Dos novedosas iniciativas representarán a Colombia en los premios Hult Prize de emprendimiento social

Una casa construida con ladrillos, que a la vez son paneles solares, diseñada por estudiantes de la universidad Eafit, de Medellín, y una empresa de servicios para personas con enfermedades crónicas, ideada por estudiantes de la universidad EAN de Bogotá, serán la representación de Colombia en los premios Hult Prize.

Read More
Press
Press
Press
Press
Press
Press

Sponsors

Organizing Partners

  • sponsors
  • sponsors
  • sponsors
  • sponsors

Press

Press

Jóvenes emprendedores tienen la oportunidad de ganar US$1 millón para crear empresa

Probogotá Región invita a estudiantes emprendedores colombianos a participar en la competencia de emprendimiento ‘Hult Prize Colombia’, que ofrece la posibilidad de ganar un millón de dólares de capital semilla para promover el nacimiento de empresas que ayuden a cambiar su entorno.

Read More
Press

Un millón de dólares para una empresa que quiera cambiar el mundo

ProBogotá Región busca integrar a los emprendedores colombianos para que participen de esta competencia que le entregará al ganador un millón de dólares de capital semilla para cambiar el mundo.

Read More
Press

Vence plazo para participar en el "Hult Prize" Colombia

Como parte del programa Hult Prize Colombia, ProBogotá Región ha hecho un llamado a emprendedores de todo el país a que participen de esta, la competencia de emprendimiento social más grande del mundo.

Read More

Frequently Asked Questions

What is the Hult Prize?

The Hult Prize is a start-up accelerator for social entrepreneurship which brings together the brightest college and university students from around the globe to solve the world’s most pressing issues.

The annual initiative is the world’s largest crowdsourcing platform for social good and one of the planet’s leading forces for good.

Participants compete in local events organized on campuses around the world or apply online to partake in the regional finals which are held in five international cities around the world, including: Boston, San Francisco, London, Dubai, Shanghai and on-line.

Winning start-ups from each city move onto the Hult Prize Accelerator for the summer before attending the global finals, which are hosted by former President Bill Clinton. Collectively, more than ten thousand students, representing more than 150 countries around the world participate in the Hult Prize and spend over 2 million man-hours on solving the world's most pressing issues.

Through crowdsourcing, training, mentorship and funding, the Hult Prize seeks to build and launch the next wave of social entrepreneurs.

Are participants supposed to solve a specific problem?

Yes. Each year, a pressing social challenge is selected by President Clinton and becomes the theme for the respective cycle. The "President's Challenge" provides a specific and measurable objective that each participating team is intended to solve through the creation of a sustainable social enterprise.

In March, selected participants are invited to pitch their start-ups that specifically address the challenges identified in the case.  A clearly defined framework is also provided to ensure your idea contains the necessary qualities and mandates to be an innovation breakthrough.

How can college and university students help with a social challenge?

Traditional non-profit organizations struggle to make a telling contribution despite having a potentially powerful solution to a problem. Not because they lack commitment or funding, but because they face execution hurdles that can only be solved by leveraging a wide range of skill-sets and an on-the-ground understanding of the situation.

Overcoming execution hurdles is what colleges and universities teach their students, specifically business schools, since the ability to execute is critical in business. Furthermore, business schools are home to a wide variety of students from different industries and countries that collectively have a very broad knowledge base. Harnessing this resource through crowd-sourcing innovative ideas and solutions is a technique that is poised to create radical breakthroughs in the social space.

How does the Hult Prize work?

The Hult Prize runs regional competitions in five cities around the world and on-line, a summer accelerator and a final pitch-off at the 2017 Hult Prize Global Finals. Your journey begins with a call to action by President Clinton in late September. Applications for participation in the Hult Prize India event are now open, and teams will compete for the top spots at the India National Level. The winning teams will attend one of the five regional finals worldwide, in either Dubai, London, Shanghai, San Francisco, or Boston. Regional winners then move on-to a boot-camp style accelerator, where you will further work on the development of your social enterprise. At the conclusion of the accelerator your idea will be "investment ready" in the form of a company. Once complete, you will pitch your final start-up at the 2017 Hult Prize Global Finals, where the winner will receive USD1 million in seed capital to scale their enterprise. Interested participants can apply via the "Apply Now" link on this site.

Do I need a Passport and Visa for travel to the Regional Round in the US?

You need to have a valid passport in order to compete in Hult Prize Colombia, and you can apply for a US Visa if you win the trip to the US. You must bring your passport with you on January 16th as we will need to send copies of the winning teams' passports to Copa Airlines to purchase your tickets to Boston/San Francisco. (Thank you Copa Airlines!)Please review the requirements to apply for a US Visa, so you are 100% ready to apply immediately if you win Hult Prize Colombia. Here is the link to apply for a tourist visa: http://bogota.usembassy.gov/b1b2visa.html

My team missed the deadline to apply or applied but wasn't selected to compete in Hult Prize Colombia. Can we still participate?

Yes. After high demand we have decided to bring back the online competition for the 2016 Hult Prize. The 2015 Global Champion came from the online round. The online competition will kick off after the Regional Round in March. Check back for more information about the online competition at www.hultprize.org.

Can team members come from different universities?

No. All participants on one team must attend the same college or university. This may consist of a mix of programs of study, as well as undergraduate, graduate and PhD levels. You are considered a student if at the time you apply, you have not yet graduated. One alumnus from the same university is allowed per team, as long as they are not a professor at the university.

Is there a cost to apply and participate?

No. There is no application fee. If your team is concerned about the cost to present in Bogota on January 16th, we encourage you to talk to your school for support. Most university rectors have received notification of the competition. Please contact us at hultprizecolombia@gmail.com for any specific concerns regarding costs. The two teams that win Hult Prize Colombia, win the trip to travel to the Regional Competitions in the US from generous sponsors in Colombia!

When does my team have to present our idea?

You need to apply for a spot in Hult Prize Colombia before December 14th. You do not need to include your idea in the application. Presentations will be held on January 16th in Bogota and each team will have 8 minutes to present, followed by 4 minutes of questions from the judges. Teams typically create PowerPoint presentations, but you are welcome to be as creative as you want!

Is Hult Prize Colombia in Spanish or English?

Since the Hult Prize Colombia is the national round of a global competition with judges from multiple countries, Hult Prize Colombia presentations and presentation slides should be in English. There is no requirement that all team members speak during the presentation.

Who is Hult?

Hult is the family name of Swedish born entrepreneur and billionaire, Bertil Hult, one of Europe’s leading entrepreneurs who founded EF Education First, the largest private education company in the world. Hult International Business School (formerly the Arthur D. Little School of Management) is a global business school with campuses in Boston, San Francisco, London, Dubai and Shanghai. It is named after Bertil Hult. Hult is ranked in the top 20 business schools in the United States and in the top 100 in the world, including number one for international business. Today it has over 3000 students enrolled across its campuses, from over 130 different countries. The Hult family provides the annual USD1 million in seed capital awarded to the winner of the annual Hult Prize.

Why is Hult doing this?

The recent financial crisis has taught us the importance of practicing sound business ethics. The Hult Prize is dedicated to teaching college and university students from around the world that the skills they learn can be applied for-good as well as for-profit. Hult International Business School is a natural host for such an initiative. Not simply because it has a global campus network that can very effectively bring together students from all over the world, but also because many of the 130 countries that Hult students hail from face global challenges in the areas of energy, finance, hunger, disease and education; challenges that require solutions which are broad in scope, yet detailed in implementation.

Who gets the million dollars?

The winning student team and their new start-up. Each year the Hult Prize provides one million dollars in seed capital to the very best start-up for social good. The prize money is seeded into the newly created company, which will be run by the student team who came up with the idea.

How was the Hult Prize created?

The Hult Prize is the brainchild of Ahmad Ashkar, a Hult International Business School alumnus who developed the concept whilst still a student. Ahmad had the idea after seeing Charles Kane, the CEO of One Laptop Per Child, describe some of the challenges his organization faced during a speech in class. Ahmad is currently the CEO of the Hult Prize and continues to bring innovation and thought leadership to the social impact sector.

Terms & Conditions

Hult Prize Competition Terms and Conditions for the 2016 Hult Prize Competition taking place March 11-12, 2016 in Boston, San Francisco, London, Dubai, Shanghai and on-line

Please read these competition rules, terms and conditions carefully. By entering the Hult Prize competition you acknowledge and agree to these rules, terms and conditions.

  1. To enter the competition you must be a current student of a higher education institution or alumni of a higher education institution at the time your application was submitted.
  2. Up to four persons may compete on each team, and only these persons will be considered as part of your team. Team members are those that are listed on your application and those that have been amended by written confirmation.
  3. One alumni, who is neither a.) faculty member or b) school administrator at your higher education institution may participate as part of the maximum 4 member team.
  4. Content, representations and ideas presented during the competition may be published and shared with the Clinton Global Initiative and other strategic partners who can help advance your work on bringing healthcare to the poor. Your team has the option to opt out of section 4 of these rules, terms and conditions by emailing info@hultprize.org before the start of the Hult Prize competition, requesting your team’s “opt out.”
  5. A panel of judges who will watch and score participants will select the winner of the competition.  All decisions made by this panel in both rounds will be considered final.
  6. A panel of judges who will watch and score participants will select the winner of the competition.  All decisions made by this panel in both rounds will be considered final.
  7. The closing date is as specified in each competition, and Hult Prize reserves the right to amend the competition end date at any time.
  8. Any form of plagiarism or the presentation of intentionally unauthentic ideas and solutions will lead to forfeit.
  9. Winners from each competition will be posted on the event website and announced at the conclusion of each regional final event.
  10. By entering the competition participants agree to participate in such promotional activity and material as Hult Prize and its partners may request. This includes but is not limited to the use of photographs, videos and testimonials.
  11. One-million dollars (US$1,000,000) will be seeded into the winning company based on a pre-determined milestone. Should the winning company be a for-profit entity, a twenty percent (20%) equity position will be held by the Hult Prize Foundation. Any future proceeds from this equity stake will be used by the Hult Prize Foundation exclusively to promote the Hult Prize competition and Hult Prize activities.
  12. 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.
  13. Winning teams per region will win a fully expense paid trip for up to four people to compete in the Global Final in New York City. All costs associated with getting to and from New York will be met. Round-trip airfare can be substituted for travel to the summer accelerator or on the ground pilots.
  14. A housing subsidy will be provided to each winning regional team for time spent at the Hult Prize Accelerator. Based on participants’ selection of accommodation, this subsidy may or may not cover all expenses related to housing for the duration of the accelerator program.
  15. This competition is being run by the Hult Prize Foundation, an independently operated and governed organization sponsored by Hult International Business School and in partnership with the Clinton Global Initiative.

Please read our Privacy Policy located on the Hult Prize website (www.hultprize.org) which tells you how we use any personal information, we may collect about you by entering a competition.

Hult Prize reserves the right to amend these rules at any time and if it does so, will post an update on it’s website and notify all participants. Hult Prize may also create rules, which will apply to a specific competition only. If we do this we will publish the amended competition rules and/or specific competition rules on the relevant competition page.