Commitment to Action

NGO 2.0 Shaping the Next Generation of Social Entrepreneurs

Commitment by

Hult International Business School

In 2012, the Hult Prize committed to help launch a new wave of student social entrepreneurs in response to a challenge made by President Clinton and building on the successes of past Hult competitions. This will be achieved by creating a start-up accelerator for social entrepreneurship designed to fund, mentor, advise, and launch new social businesses. Through the continuation of its established global competition, Hult will bring together more than one thousand college and university students from over 130 countries, totaling more than 300 different colleges and universities. Working in five-person teams, these students will compete at one of five global locations and online for the opportunity to spend the summer at the Hult Accelerator - a world-class center for innovation in Boston - and secure US$1 million in seed funding to start their businesses. Out of the hundreds of teams who will attend the regional stage of the competition, the best six teams will be selected to work at the Accelerator. Each of the six winning teams will then pitch their idea at CGI's Annual Meeting in September 2013, where President Clinton, along with CGI Meeting attendees, will select and award the winning team with a $1 million prize.

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Overview
Summary

Commitment

NGO 2.0 Shaping the Next Generation of Social Entrepreneurs

Launched

2012

Est. Duration

1 year

Estimated Total Value

$4,000,000

Region

Northern America

Countries

Global

Commitment by

Hult International Business School

Partner(s) of the Commitment Maker(s)

IXL Center