(Last Updated On: March 12, 2021)
Hult Prize Impact Summit 2021 Considered as the Noble Prize for students, the Impact Summit of Hult Prize is occurring for the first time in Kathmandu. Every year the Hult Prize foundation in support of Hult International business school, United Nations, Clinton Global Initiative, and Education First announces a challenge under Sustainable Development Goals that address the issues of individuals around the globe. The scholars are provided a risk–free platform where they will pitch their ideas and may win 1 million dollars as seed funding for their business.
The program is organized in four phases ranging from an OnCampus program where a team of three to four students register their team and compete within the school. The winner of OnCampus is chosen for the Impact Summit which takes place around 50 cities of the planet. The winner of the Impact summit is then selected to the Accelerator round which takes place in two rounds, the primary being virtual and therefore the second at Ashridge Castle UK (commonly called Harry Potter castle). The accelerator of the Hult Prize is taken into account as the simplest accelerator and incubation program within the world. The highest six teams get selected from the Accelerator round where they complete for the UN finals in the United Nations headquarters, New York. The winner receives 1 million dollars as seed investment for his or her business development. Hult Prize is that the biggest social entrepreneurship program where quite 3 thousand colleges & universities participants from more than 121 countries.
Furthermore, the Hult Prize also provides free different pieces of coaching and workshops to the students; it also provides a platform for rising business with probable investors. Nepal’s journey with the Hult Prize dates five years. Hult Prize began its operations in Nepal at the university level within the year 2016-17 when the Institute of Engineering (IOE) Pulchowk Campus and Kathmandu University (KU) brought Hult Prize OnCampus in their universities. The OnCampus event hosted by KU was successfully among the highest 10 OnCampus programs of the Hult Prize that year.
Within the year 2017-18 TU School of Management joined the journey by bringing On Campus in their university alongside KU and IOE. The OnCampus at IOE was ranked top 20 OnCampus of Hult Prize that year. After two years of Hult Prize in Nepal, within the third year 2018-19, Hult’s reach expanded to Pokhara University and Purbanchal University at an equivalent time as KU, IOE, and TU School of Management were maintaining with their OnCampus Events. Within the fourth year i.e. 2019-20, Nepal had a complete of 10 OnCampus programs among which OnCampus events at Purbanchal University secured top 20 among the OnCampus events of Hult Prize 2019-20. And this year Hult Prize has officially given the privilege to create a community of leaders to assist all the OnCampus run smoothly in Nepal. HultPrize NepalCommunity has expandedHult the Prize’s reach with 63 OnCampusevents within the nation. With more universities, colleges, and teams, this year Nepal’s involvement with the Hult Prize is more engaging than ever. This year’s Kathmandu Impact is being held from April 23 to April 25 where around 90 OnCampus winner teams are participating within the 1 million dollar program. The Impact Summit Kathmandu is being hosted by AITM (Asian Institute of Technology and Management) college, Satdobato Lalitpur.
What does Impact Summit Do?
The Impact Summits provides students from around the world an opportunity to showcase their innovative ideas, learn from their peers, and be inspired by a generation of young people who are committed to changing the world through business. The very best startups represented at each summit secure a spot in the world’s largest startup accelerator for impact.
Where is it hosted?
Hult Prize Impact Summits, hosted every year in +100 different cities, representing all the geographic regions of the world, bring together like-minded youth, eager to create impact and become a part of a global community.
What Experience can we get?
At our Impact Summits, attendees have the opportunity to live a life-changing experience and be involved with a variety of fun and exciting activities including:
- Professional Networking Mixers
- Social Events
- Live Pitching Sessions
- Inspirational Keynote Speeches
- Mindfulness Sessions