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University of San Diego Advances to Regional Finals of 4th Annual Hult Prize

Global Top-Tier Schools Go Head to Head in World’s Largest Competition for Social Good

A team from the University of San Diego has advanced to the regional finals of the fourth annual Hult Prize. The Hult Prize is the world’s largest student competition and crowdsourcing platform for social good, recently named one of the top five ideas changing the world by President Bill Clinton and TIME magazine. Student teams will compete in five cities around the world for a chance to secure $1 million in start-up funding to launch a sustainable social venture.

USD’s team will compete in San Francisco on March 1 and 2. The 2013 Hult Prize is themed around global security and will focus on how to get safe, sufficient, affordable and easily accessible food to the 200 million people who live in urban slums – a challenge personally selected by President Clinton.

Team members from the USD School of Business Administration are Yogesh Sayanakar, Ira Wibisono, Danidu Wijekoon, Jeff Haislet and Saad Alrabiah.

Each team selected was chosen from more than 10,000 applications received, totaling over 350 colleges and universities, representing over 150 countries. Following the regional finals, one winning team from each host city will move into a summer business incubator, where participants will receive mentorship, advisory, and strategic planning as they create prototypes and set up to launch their new social business. A final round of competition will be hosted by the Clinton Global Initiative at its annual meeting in September, where CGI delegates will select a winning team who will be awarded the $1 million prize by President Clinton.

About the Prize
Founded in 2009 by Hult International Business School Alumnus Ahmad Ashkar, in response to a challenge by President Clinton, the Hult Prize is committed to launching a new wave of social entrepreneurs through identifying and launching disruptive social ventures that are poised to change the world. The prize is funded by Swedish entrepreneur and founder of EF Education First, Bertil Hult and sponsored by the Hult International Business School and run in partnership with the Clinton Global Initiative. For more information go to www.hultprize.org.


About the University of San Diego

The University of San Diego sets the standard for an engaged, contemporary Catholic university where innovative Changemakers confront humanity’s urgent challenges. With more than 8,000 students from 75 countries and 44 states, USD is the youngest independent institution on the U.S. News & World Report list of top 100 universities in the United States. USD’s eight academic divisions include the College of Arts and Sciences, the School of Business, the Shiley-Marcos School of Engineering, the School of Law, the School of Leadership and Education Sciences, the Hahn School of Nursing and Health Science, the Joan B. Kroc School of Peace Studies, and the Division of Professional and Continuing Education. In February 2016, USD launched the public phase of Leading Change: The Campaign for USD, which represents the most ambitious fundraising effort in the history of the university and builds upon the strong philanthropic momentum achieved by USD in recent years. In September 2016, USD introduced Envisioning 2024, a strategic plan that capitalizes on the university’s recent progress and aligns new strategic goals with current strengths to help shape a vision for the future as the university looks ahead to its 75th anniversary in the year 2024.

Contact:

Melissa Olesen
mwagoner@sandiego.edu
(619) 260-4659