UC Davis Bay Area MBA Team Advances to Regional Finals of The Hult Prize
Top-tier schools go head-to-head in world’s largest student competition, competing for $1 million in start-up funding to solve President Clinton’s Healthcare Challenge
The Hult Prize Foundation recently announced that a team from Graduate School of Management at the University of California, Davis, has advanced to the regional finals of the fifth annual Hult Prize.
The Hult Prize is the world’s largest student competition and start-up platform for social good. In partnership with President Bill Clinton and the Clinton Global Initiative (CGI), the innovative crowdsourcing platform identifies and launches disruptive and catalytic social ventures that aim to solve the planet’s most pressing challenges. Student teams compete in six cities around the world for a chance to secure $1 million in start-up funding to launch a sustainable social venture.
The UC Davis Graduate School of Management team members, all students in the Bay Area MBA program, are Abhijit Pandey, Animesh Dalakoti, Mony Jha, Mit Bhatt and Rajeev Tiwari.
“We are grateful to Hult and UC Davis GSM for providing us with a platform to bring our idea for preventive chronic diseases in slums to a global level,” said team member Abhijit Pandey.
The 2014 Hult Prize will focus on the 250 million slum dwellers around the world suffering from chronic diseases who need help—a challenge personally selected by President Bill Clinton. Ahmad Ashkar, CEO and Founder of the Hult Prize, attributes the success of the competition to the shift in the global economy and the millennial generation’s refusal to live in a world with inequality, “We are giving entrepreneurs from around the world a platform to innovate and revolutionize the way we think about servicing the poor.”
Each team selected was chosen from more than 10,000 applications received from more than 350 colleges and universities in over 150 countries. The Hult Prize regional competitions will take place on March 7-8, 2014, in Boston, San Francisco, London, Dubai, Shanghai and Sao Paulo. The UC Davis team will compete in San Francisco.
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, which will be awarded the $1 million prize by President Bill Clinton.
“The Hult Prize is a wonderful example of the creative cooperation needed to build a world with shared opportunity, shared responsibility, and shared prosperity, and each year I look forward to seeing the many outstanding ideas the competition produces,” Clinton said.
About 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 student competition and crowd-sourcing platform for social good. The Hult Prize has been funded by the Hult family since its inception in 2009.
About The Clinton Global Initiative
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of Bill, Hillary & Chelsea Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date, CGI members have made more than 2,500 commitments, which are already improving the lives of more than 430 million people in more than 180 countries. When fully funded and implemented, these commitments will be valued at $87.9 billion.
About The UC Davis Graduate School of Management
Dedicated to preparing innovative leaders for global impact, the UC Davis Graduate School of Management is consistently ranked among the premier business schools in the United States and internationally. The School’s faculty members are globally renowned for their teaching excellence and pioneering research in advancing management thinking and best practices. With prime locations in Northern California’s economic hubs, the School provides a bold, innovative approach to management education for full-time MBA students and Master of Professional Accountancy students at the UC Davis campus, and part-time MBA students in Sacramento and the San Francisco Bay Area.
Sandy Louey, UC Davis Graduate School of Management, (530) 219-7762, firstname.lastname@example.org
Tim Akin, UC Davis Graduate School of Management, (916) 402-9270, email@example.com